Income Distribution System of Household Sector: Comparative Study of Islamic Economics and Conventional Concepts

Nilam Sari,197103172008012007, . Income Distribution System of Household Sector: Comparative Study of Islamic Economics and Conventional Concepts. International Conference on Islamic Economics and Financial Inclusion (ICIEFI).

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Economic growth is inseparable from distributional justice for every individual. But in reality, there appears to be injustice and inequality in the distribution of income and wealth, thus impacting on increasing the number of poverty. The policy of distribution in Islam upholds the values of justice. Economic welfare is the result of the work of all elements in society, both government, household and company. Similarly, in creating distributive justice, not only the responsibility of government but also the public's obligation to make it happen. This article discusses how the concept of wealth distribution of household sector in Islamic economy and how it differs from the concept of distribution in conventional economy. The research method used is library research (Library Risearch), with data analysis method using inductive and deductive method. The results found; the distribution of households' income from the perspective of Islamic economics contains religious value (valued based), the process of the Muslim family's economic activity based on halal haram legality ranging from productivity (employment), property rights, consumption (spending), transactions and investments. There is a priority in the distribution of household sector assets such as the fulfillment of the primary needs of the family is preferred prior to the implementation of zakat, while wakaf udhiyah infak and testament is done after paying zakat. This is very contrary to the conventional concept in the distribution of households' household wealth, where the concept is empty of religious values, tends not to support productivity and investment aspects and does not prohibit the consumption of consumptive (tabzir). In addition, there is no priority in the distribution of household income and does not pay attention to the illegal halal legality in the process of family economic activity.

Item Type: Other
Subjects: 300 Sociology and Anthropology (Sosiologi dan Antropologi) > 330 Economics (Ilmu Ekonomi)
Divisions: Fakultas Ekonomi dan Bisnis Islam > D3 Perbankan Syariah
Depositing User: Nilam Sari
Date Deposited: 29 Jan 2019 09:39
Last Modified: 27 Mar 2019 04:51

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