AN ALTERNATIVE METHODOLOGY IN BUILDING A GENUINE AND INDEPENDENT ISLAMIC ECONOMIC SYSTEM (original) (raw)

There are several varieties of methodology in building Islamic Economic system, including the popular and widely used, Conventional Economy based methodology. In practice, this methodology uses a pattern, concepts and analytical techniques derived from Conventional Economics. There are some shortcomings in this methodology, because the philosophy and thought of Conventional Economics are different from the philosophy and thoughts of Islamic Economics. In addition, by using a methodology based on Conventional Economics, the Islamic values in Islamic Economics would seem to be just as mere accessories. As a result, it may later be believed that Islamic Economics is a sub-discipline of Conventional Economics, which; therefore, should be taught and developed according to conventional economic models. In the end, Islamic economics will not appear as an economic system that is genuine and independent. Based on those ideas, we need a methodology that is more appropriate to build the Islamic Economics system. For that reason, by using explorative qualitative methods, this study will carry out the exploration and analysis of the sources of Islamic literature and its history, and will do an analysis to formulate an alternative methodology based on Islamic sources, to build the Islamic Economic system, which is genuine and independent. Keywords: methodology, Islamic Economic system, explorative qualitative methods, genuine, independent.