Reflection On The Roots Of Islamic Economics In The Era Of The Rasulullah SAW and Khulafaur Rasyidin.

Abstract

Background. This article reflects the history of Islamic scholarship, especially in the field of economics, as a form of appreciation for Muslims, especially during the era of the Prophet Muhammad and Khulafaur Rashidin ra.

Purpose. This study aimed to reflecting again on the history of Islamic economic thought is an important study, considering that research is still rare which reveals this, especially regarding the theme of the history of Islamic economic thought in two periods, namely the time of the Prophet Muhammad and the time of Khulafaur Rasyidin.

Method. The method used is literature in the form of a literature review from relevant reference sources such as journals published by several previous researchers and several contemporary Islamic economic experts such as Adwarman Azwar Karim, Abdul Qayyum, Hasibuan, Havis Aravik and Fakhry Zamzam and others.

Results. The findings indicate that, during the time of Rasulullah SAW and his companions the concept of sharia financial institutions was developed in the form of Al-Hisbah and Baitul Maal, followed by the caliphs who developed the concept of statehood and legislative system. All of these institutions exist to protect the interests and equalize the economy of the entire community. Likewise, in the economic system, people are taught moral principles in meeting their basic needs so as not to deviate from Islamic sharia

Conclusion. The conclusion shows that The contribution of Islamic economic thought to economic problems is enormous, and can even be felt to this day. The issue of how to live an economic life has been taught by Rasulullah Saw and his friends since 14 centuries ago, starting in the city of Medina. Even though it does not have the form that the economic system develops today, its essence remains the same