Concept of Scarcity in the Islamic Economic Perspective

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

2018

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

Paper Citation

in Harvard Style

Fadhillah H., Nafik M., Ratnasari R., Widiastuti T. and Herianingrum S. (2018). Concept of Scarcity in the Islamic Economic Perspective.In Proceedings of the 2nd International Conference Postgraduate School - Volume 1: ICPS, ISBN 978-989-758-348-3, pages 93-96. DOI: 10.5220/0007538100930096

in Bibtex Style

@conference{icps18,
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 - Volume 1: ICPS,},
year={2018},
pages={93-96},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0007538100930096},
isbn={978-989-758-348-3},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd International Conference Postgraduate School - Volume 1: 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 - 2018
SP - 93
EP - 96
DO - 10.5220/0007538100930096