Social Advance of Rural Society and the Role of Islamic Economy

DOI

10.2991/assehr.k.200529.218How to use a DOI?

Keywords

Islamic economy, social advance, rural society, societal human capabilities

Abstract

The current economic system is counterproductive for human development because it encourages the lower-class society to be consumptive by buying more than what they can afford. This impacts on the long-term social-economic problems, especially for society in the rural areas that have been contaminated to urban life. The purpose of this article is to build a conceptual framework of the role of Islamic economy for the social advance of the rural society. The framework builds from the theory of societal human capabilities. To achieve the goal, the researchers conducted literary and conceptual studies to relate the Islamic economic elements with the elements of the societal human capabilities’ theory. This results in the formalization of a rural-society developmental framework that is based on three Islamic economy elements namely entrepreneurship, no-usury fund management, and wealth redistribution. The framework reiterates the importance of the government to encourage entrepreneurship, sharia finance, and wealth redistribution in rural society to make them better personally and structurally based on the Islamic economy.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - M Elfan Kaukab
AU  - Nurul Mubin
AU  - Imam Ariono
PY  - 2020
DA  - 2020/05/04
TI  - Social Advance of Rural Society and the Role of Islamic Economy
BT  - Proceedings of the 1st Borobudur International Symposium on Humanities, Economics and Social Sciences (BIS-HESS 2019)
PB  - Atlantis Press
SP  - 1045
EP  - 1048
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200529.218
DO  - 10.2991/assehr.k.200529.218
ID  - Kaukab2020
ER  -