Economic Global Crisis in Perspectives of Islam

Abstract

The global economic crisis is a recurring phenomenon that impacts financial and social stability. This study analyzes the crisis from an Islamic perspective, critiquing conventional systems rooted in riba (usury) and speculation. By using qualitative methods and literature analysis of figures like Ibn Khaldun and Chapra, the findings suggest that Islam offers a holistic framework based on justice (al-'adl) and balance (al-tawazun). Islamic principles such as zakat and asset-based financing serve as alternatives to prevent systemic failure. The study concludes that applying these principles can mitigate future global economic challenges.