THE MODERN ECONOMIC GOLDEN AGE IN ISLAM: HOW MUSLIMS ENTERPRENUERS INTERSECTION SHAPING GLOBAL MARKET AND FOUNDATION OF MODERN CAPITALISM

Sandy Ibrahim Nasution, Muhammad Rafi'i

Abstract


This paper is talk about how muslim entreprenuers intersection shaping global market and foundation of modern capitalism to bring back a modern economic golden age of islam. The modern economic golden age in Islam highlights the transformative part of Muslim business visionaries in forming the worldwide advertise and laying the establishments of advanced capitalism. Established within the standards of Islamic morals, exchange, and development, these business visionaries have generally played a significant part within the financial and social trade over civilizations. This article investigates the crossing point of Islamic business and worldwide markets, looking at how key values such as believe, social equity, and impartial profit-sharing affected worldwide exchange frameworks. It digs into the verifiable setting of Islamic financial educate, such as waqf (charitable gifts) and sukuk (Islamic bonds), and their commitment to maintainable improvement. Moreover, the article underscores the affect of modern Muslim business people who coordinated conventional values with cutting edge hones, driving development in divisions like innovation, back, and feasible advancement. By analyzing this crossing point, the article contends that Islamic entrepreneurial systems not as it were molded early capitalism but proceed to impact worldwide showcase elements within the 21st century, advertising experiences for a more moral and comprehensive worldwide economy.

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References


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DOI: https://doi.org/10.3059/insis.v0i0.23796

DOI (PDF): https://doi.org/10.3059/insis.v0i0.23796.g13103

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