Keywords: Abbas Mirakhor, Islamic Economic System, Role of the State


Islamic economy is a progressive and dynamic economy. Various new theories have been raised as an offer for the development of Islamic economics, one of which was carried out by Abbas Mirakhor. This article discusses the main principles of the economic system to the role of the state; an offer of Abbas Mirakhor to Islamic economics. To know more deeply the Islamic economic thoughts offered by Abbas Mirakhor, from the main principles of the economic system to the role of the state in the economy. This article uses a type of qualitative research using library research. The results of this study indicate that Abbas is a practitioner of Islamic economics and finance who has a good reputation in the world, both Islam and the West and is considered a reformer in the Islamic economy, and is part of the Iqtishad school of thought. In the field of the Islamic economic system, Mirakhor argues that the main principle of the Islamic economic system requires distribution in two mechanisms, namely freedom, and justice, without which prosperity will not be realized. Therefore, there is a need for a hermeneutical approach to answering various problems that occur in the Islamic economic system. In the context of the state, according to Mirakhor, the state has a very significant role in the welfare of society, especially through its productive policies. The state must also be present in realizing justice amid society.


Adnan Abd Rashid, & Arifin Mamat. (2013). Educational View of the Islamic Leadership : Are the Islamic Leaders Performing Their Responsibilities ? International Journal of Humanities and Social Science, 3(3), 178–185.
Ahmad, A., & Humayoun, A. A. (2011). Islamic banking and prohibition of Riba/interest. African Journal of Business Management, 5(5), 1763–1767.
Ahmad, A. U. F., & Hassan, M. K. (2014). Riba and Islamic Banking Abu Umar Faruq Ahmad , University of Western Sydney. Journal of Islamic Economics, Banking and Finance, March.
Ahmed, F. A. S. M. F. M. A. R. (2013). Critical Analysis Of Islamic Concept Of Interest. International Journal of Asian Social Science, 3(5), 1260–1267.
Aravik, H. (2017). Pemikiran Ekonomi Islam Kontemporer. Jakarta: Kencana.
Askari, H., & Arfaa, N. (2007). Social safety net in Islam: The case of Persian Gulf oil exporters. British Journal of Middle Eastern Studies, 34(2), 177–202.
Baqir al-Hasani & Abbas Mirakhor. (1998). Essays on Iqtishad: The Islamic Approach to Economic Problems. Nur.
Borhan, J. T. Bin, & Sa’ari, C. Z. B. (2002). Economic Functions Of The State: An Islamic Perspective. Jurnal Usuluddin, 16, 75–90.
Budiantoro, R. A., Sasmita, R. N., & Widiastuti, T. (2018). Sistem Ekonomi (Islam) dan Pelarangan Riba dalam Perspektif Historis. Jurnal Ilmiah Ekonomi Islam, 4(01), 1.
Haneef, M. A. (2005). Can There Be an Economic Based on Religion? The Case of Islamic Economics. Post-Autistic Economics Review, 34(3), 41–52.
Hidayatullah, I. (2015). Peran Pemerintah di Bidang Perekonomian Dalam Islam. Dinar, 1(2), 77–89.
Iqbal, Zamir; Mirakhor, A. (2011). An Introduction to Islamic Finance: Theory and Practice. John Wiley & Sons.
Iqbal, Z., & Mirakhor, A. (2012). Financial Inclusion : Islamic Finance Perspective. Journal of Islamic Business and Management, 2(1), 35–64.
Johanna Pesendorfer, O. L. (2016). Islamic Banking and Finance As an Ethical Alternative: a Systematic Literature Review. ACRN Oxford Journal of Finance and Risk Perspectives, 5(2), 42–64.
Kalsum, U. (2014). Riba dan Bunga Bank dalam Islam; Analisis Hukum dan Dampaknya Terhadap Perekonomian Umat. Jurnal Al-’Adl, 7(2), 67–83. U Kalsum - Al-’Adl, 2014 -
Mahtum, A. (2019). Intervensi Negara Dalam Ekonomi Ahmad. Statistical Field Theor, 53(9), 1689–1699.
Mirakhor, A. (2007). A Note on Islamic Economics. Islamic Research and Training Institute.
Mulyana, R. A. (2017). Peran Negara Untuk Mewujudkan Kesejahteraan Dalam Kerangka Maqashidus Syariah. Al-Urban: Jurnal Ekonomi Syariah Dan Filsantropi Islam, 1(2), 155–176.
Nur, E. (2008). Riba Versus Profit in An Exchange Economy: Conceptual Foundations for Stable Financial System in Islamic Perspectives. 7th International Conference on Islamic Economics And.
Rahman, F. N. (2017). Theory of Islamic Financial System and Economic growth. Journal of Creative Writing, 3(1), 66–82.
Sofhian. (2015). The Rationality Prohibition Of Riba (Usury). Al-Ulum, 15(1), 237–266.
Sulistyowati, S. (2017). Rancang Bangun Dan Nilai Dasar Universal Ekonomi Islam. Istithmar: Jurnal Pengembangan Ekonomi Islam, 1(2).
Uddin, M. A. (2015). Principle of Islamic Finance: Prohibition of Riba, Gharar and Mysir. Munich Personal RePEc Archive, 67711, 1–8.
Umam, K. (2018). Pelarangan Riba Dan Penerapan Prinsip Syariah Dalam Sistem Hukum Perbankan Di Indonesiaumam, K. (2018). Pelarangan Riba Dan Penerapan Prinsip Syariah Dalam Sistem Hukum Perbankan Di Indonesia. Mimbar Hukum - Fakultas Hukum Universitas Gadjah Mada, 29(3), . Mimbar Hukum - Fakultas Hukum Universitas Gadjah Mada, 29(3), 391.
Wilber, C. K. (2003). Ethics in Economic Theory. Post-Autistic Economics Review, 20(1).
Zakiyah, K. (2017). Peran Negara Dalam Distribusi Kekayaan (Perspektif Ekonomi Islam). Al-Falah : Journal of Islamic Economics, 2(1), 37.
How to Cite
Aravik, H., Hamzani, A., & Khasanah, N. (2021). THE ROLE OF THE STATE IN THE ISLAMIC ECONOMIC SYSTEM: A REVIEW OF ABBAS MIRAKHOR’S THOUGHT. Islamic Banking : Jurnal Pemikiran Dan Pengembangan Perbankan Syariah, 7(1), 1-22.