Concept of Scarcity in the Islamic Economic Perspective

Hanif Fadhillah; Muhammad Nafik; Ririn Ratnasari; Tika Widiastuti; Sri Herianingrum

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Paper

Concept of Scarcity in the Islamic Economic Perspective

In Proceedings of the 2nd International Conference Postgraduate School ICPS - Volume 1, 93-96, 2018 , Surabaya, Indonesia

Authors: Hanif Fadhillah ; Muhammad Nafik ; Ririn Ratnasari ; Tika Widiastuti and Sri Herianingrum

Affiliation: Postgraduate School Universitas Airlangga, Airlangga Street 4-6, 60286, Surabaya and Indonesia, Indonesia

Keyword(s): Scarcity, Distribution, Consumption, Islamic Economic

Abstract: The scarcity of goods and services is seen as a fundamental problem in the economy, as in the conventional economic view. People are required to increase production to cover the scarcity of goods and services. Islam holds the view that the concept of scarcity in conventional economics does not exist because everything created in this world is destined for humans. In the absence of the concept of scarcity in Islam, the economic problem does not lie in the way of overcoming scarcity, but the way of distribution and consumption of wealth or wealth in society. It is this distribution and consumption that is the main problem in the economy, not the production problem to overcome scarcity. The solution to the problem of scarcity is how to distribute a fair and equitable wealth and consumption in the middle

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Paper citation in several formats:

Fadhillah, H.; Nafik, M.; Ratnasari, R.; Widiastuti, T. and Herianingrum, S. (2019). Concept of Scarcity in the Islamic Economic Perspective. In Proceedings of the 2nd International Conference Postgraduate School - ICPS; ISBN 978-989-758-348-3, SciTePress, pages 93-96. DOI: 10.5220/0007538100930096

@conference{icps19,
author={Hanif Fadhillah. and Muhammad Nafik. and Ririn Ratnasari. and Tika Widiastuti. and Sri Herianingrum.},
title={Concept of Scarcity in the Islamic Economic Perspective},
booktitle={Proceedings of the 2nd International Conference Postgraduate School - ICPS},
year={2019},
pages={93-96},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007538100930096},
isbn={978-989-758-348-3},
}

TY - CONF

JO - Proceedings of the 2nd International Conference Postgraduate School - ICPS
TI - Concept of Scarcity in the Islamic Economic Perspective
SN - 978-989-758-348-3
AU - Fadhillah, H.
AU - Nafik, M.
AU - Ratnasari, R.
AU - Widiastuti, T.
AU - Herianingrum, S.
PY - 2019
SP - 93
EP - 96
DO - 10.5220/0007538100930096
PB - SciTePress