Citation:

Abd. Hadi, Ahmad Ubaidillah, Luluk Latifah. "Globalizing Islamic Economic Politics" International Research Journal of Economics and Management Studies, Vol. 3, No. 1, pp. 460-468, 2024.

Abstract:

This paper aims to discuss the intricacies of globalization and Islamic political and economic strategies to deal with its threats. This research is library research by reviewing a variety of literature. In collecting data, the author utilizes documents in the form of books, journals, and other document sources. The analytical method used in this study is the hermeneutic method, which means interpreting, explaining, interpreting, and translating and understanding. The results showed that globalization, with its various variations, especially economic globalization, did not bring much prosperity to developing countries. The promises of globalization are mere myths. There has been a lot of condemnation from various circles around the world. In this regard, the Islamic political economy needs to build a strategy. In other words, Islamic political economy as a scientific discipline that examines efforts to mainstream the concept of Islamic economics in a country's economic development policy with the aim of improving people's welfare must be used to counter the threat of economic globalization. The tactical strategy of the Islamic political economy that can be done is to optimize the role of the Organization of Islamic Cooperation (OIC) and the Islamic Development Bank (IDB). The creation of the Islamic Common Market (PBI) and the use of a single currency in OIC member countries are other strategies of Islamic political economy that can be carried out. The establishment of global Islamic financial organizations and institutions by Islamic political and economic authorities is one of the efforts to counter global financial organizations and institutions created by globalization worshippers, such as the IMF, World Bank, WTO, and so on.

References:

[1] Al Maliki, A. (2009). Politik Ekonomi Islam. Al-Azhar Press.
[2] Anonim. (Tanpa Tahun). Manifesto Hizbut Tahrir untuk Indonesia.
[3] Askari, H., Iqbal, Z., & Mirakhor, A. (2015). Introduction to Islamic economics: Theory and application. Wiley.
[4] Beik, I. S. & Laily Dwi Arsyianti. (2016). Ekonomi pembangunan syariah. Rajawali Pers, PT Rajagrafindo Persada (Divisi Buku Perguruan Tinggi).
[5] Chapra, M. U. (2001). Islamic Economic Thought And The New Global Economy. Islamic Economic Studies.
[6] Chapra, M. U., & Basri, I. A. (2000). Islam dan pembangunan ekonomi. Gema Insani Press.
[7] Deliarnov. (1995). Perkembangan pemikiran ekonomi. Raja Grafindo Persada.
[8] Deliarnov. (2006). Ekonomi Politik. Penerbit Erlangga.
[9] Fakih, M. (2009). Runtuhnya teori pembangunan dan globalisasi (Cetakan pertama). Insist Press.
[10] Giddens, A. (1990). The consequences of modernity. Stanford University Press.
[11] Hakem, G. (2010). Globalization and International Relations: Actors Move from Non-cooperative to Cooperative Games. Media Jurnal Global dan Strategis, 4(1).
[12] Hamzah, A. (2020). Metode penelitian kepustakaan (library research): Kajian filosofis, teoretis dan aplikatif. Literasi Nusantara.
[13] Harahap, S. (2014). Metodologi Studi Tokoh & Penulisan Biografi (2014 ed.). Prenadamedia Group.
[14] Hirst, P. Q., & Thompson, G. (2009). Globalization in question (Third edition). Polity.
[15] IMF Staff. (2008). Globalization: A Brief Overview. IMF Publication Services.
[16] Irkhami, N. (2018). Political Islam and The Global Economy. Epistemé: Jurnal Pengembangan Ilmu Keislaman, 13(2), 407–432. https://doi.org/10.21274/epis.2018.13.2.407-432
[17] Janwari, Y. (2017). Peradaban ekonomi Islam: Pada masa keemasan dan kebangkitan Islam (Cetakan pertama). Remaja Rosdakarya.
[18] John, J., & P. M., J. (t.t.). Globalisasi Dan Alternatifnya.
[19] Karim, A. A., & Halwani, H. (2004). Bangunan ekonomi yang berkeadilan: Teori, praktek dan realitas ekonomi Islam. Magistra Insania Press.
[20] Khan, S. (2006). Global poverty: A perspective from Islamic political economy. Globalizations, 3(2), 251–254. https://doi.org/10.1080/14747730600703244
[21] Küng, H. (2002). Etika ekonomi-politik global: Mencari visi baru bagi kelangsungan agama di abad XXI. Penerbit Qalam.
[22] M. Tariq, M. (2015). Developing Inclusive and Sustainable Economic and Financial System: Selected papers presented to the 8th and 9th International Conference on Islamic Economics and Finance. Bloomsbury Qatar Foundation Journals.
[23] Maghfur, I. (2016). Peran Politik Ekonomi Islam dalam Melaksanakan Globalisasi Masyarakat Ekonomi Asean (MEA). Jurnal Hukum Islam, 14(2).
[24] Mannan, D. M. A. (1982). Why Is Islamic Economics Important? Seven Reasons for Believing.
[25] Marlina, R., Juliana, J. J., Adila, N. A., & Robbani, M. B. (2019). Islamic Political Economy: Critical Review of Economic Policy in Indonesia. Review of Islamic Economics and Finance, 2(1). https://doi.org/10.17509/rief.v2i1.17783
[26] Mohd Ma’sum Billah & Asep Saepudin Jahar. (2009). Penerapan hukum dagang dan keuangan islam: Isu-isu kontemporer terpilih (Ed. ke-3). Sweet & Maxwell Asia.
[27] Muala, A. (2020). Reposisi Ekonomi Islam di Era Globalisasi Perspektif Maqāṣid Syarī’ah. Journal of Islamic Law (JIL), 1(1). https://doi.org/10.24260/jil.v1i1
[28] Nabhani, T. A.-, & Wachid, M. M. (1996). Membangun sistem ekonomi alternatif: Perspektif Islam. Risalah Gusti.
[29] Rosdi, M. S. B. M. (2015). Conceptualization of Islamic Political Economy. 4(4).
[30] Scholte, J. A. (2003). Globalization: A Critical Introduction. Political Science Quarterly, 116(3).
[31] Sholahuddin, M. (2007). Asas-asas ekonomi Islam. PT RajaGrafindo Persada.
[32] Siddiqi, S. A. (2001). A Suggested Methodology for the Political Economy of Islam. J.KAU: Islamic Econ, 13.
[33] Suntana, I. (2010). Kapita selekta politik Islam (Cet. 1). Pustaka Setia.
[34] Triyawan, A. (2021). Ekonomi Internasional.
[35] Ulhaq, M. Z. (2020). Politik Ekonomi Islam Era Globalisasi. 02(02).
[36] Warde, I. (2000). Islamic finance in the global economy. Edinburgh University Press.
[37] Yueh, L. Y. (2018). The great economists: How their ideas can help us today. Viking.
[38] Zaki, I. (2013). Pemikiran Ekonomi Politik Internasional Hizbut Tahrir. 03(02).

Keywords:

Economic Globalization, Islamic Political Economic Strategy.