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- Title
State Financial Management According to al-Mawardi and al-Ghazali.
- Authors
Nahlah; Masse, Rahman Ambo; Kara, Muslimin; Makarma, Ridwan
- Abstract
This research aims to study the economic thinking of Muslim scholars who lived during the Abbasid dynasty, namely al-Mawardi, and al-Ghazali. Where does the state get financial resources according to al-Mawardi, and what is the theory of money and markets from al-Ghazali's perspective? The research method is qualitative with a literature study approach that originates from international journals, national journals, websites, and books by al-Mawardi and al-Ghazali. The results showed that according to al-Mawardi, the sources of state finance were obtained through the collection of zakat, Khaimah, fa'i, jizyah, kharaj, public ownership, taxes, and debt. Furthermore, al-Ghazali's perspective on money is as a medium of exchange in trade. It has "intrinsic" value or value contained in itself, such as gold, silver, or paper used as a medium of exchange. Money is a medium of exchange, a unit of account, a measure of the value of goods, providing social welfare and helping to improve social conditions. Meanwhile, the market in al-Ghazali's concept is not only a place for transactions between sellers and buyers but also a place of worship and to earn the pleasure of Allah through shariacompliant trading activities.
- Subjects
RA'S al-Khaymah (United Arab Emirates); FINANCIAL management; MUSLIM scholars; MONEY market; VALUE (Economics); GOVERNMENT ownership
- Publication
Media Syari'ah: Wahana Kajian Hukum Islam dan Pranata Sosial, 2022, Vol 24, Issue 2, p372
- ISSN
1411-2353
- Publication type
Article
- DOI
10.22373/jms.v24i2.17855