Wanderlog

 T2: INTRO Maksud: Teori komersial yang secara diskriminasi menurunkan atau menghapuskan sektan perdagangan kepada negara anggota kesepakatan. Darjah integrasi ekonomi terdiri daripada pengaturan perdagangan keutamaan kepada kawasan perdagangan bebas, kesatuan kastam, pasaran bersama, dan kesatuan ekonomi. 1) Free Trade: Perdagangan bebas ialah apabila negara anggota mendapat keistimewaan untuk menghapuskan semua halangan perdagangan tetapi halangan perdagangan kekal dengan bukan ahli yang merupakan pilihan ideal untuk negara maju. Contoh perdagangan bebas ialah Persatuan Perdagangan Bebas Eropah (EFTA) pada tahun 1960 yang bertujuan untuk menggalakkan ekonomi terbuka dan berdaya saing di Iceland, Liechtenstein, Norway dan Switzerland. Tiga tujuan utama persatuan adalah untuk mengawal selia hubungan ekonomi antara empat negara, mengurus ‘pasaran dalaman’ dan membangunkan perjanjian perdagangan bebas di seluruh dunia. Contoh lain seperti Amerika Utara Percuma Kawasan Perdagangan (NA...

THE CONCEPT OFWAQF  Since ancient times, waqf has been a successful system that had existed in human life for a long time before Islam came and has fully applied the use of waqf in every aspect of their life, although it is not named waqf. At that time, the construction and financing of places of worship were done by the concept of waqf. Same goes with buying and selling, marriage and others that already existed before Islam. The waqf system was known in Roman, Babylonian, and Pharaoh civilisations.  When Islam came, many similar concepts of waqf existed, and then Islam put the system on waqf (Mohsin, 2013). The waqf system in Islam is not a system adopted from a pre-existing system but a pure system of the Qur'an and Sunnah. It is not limited to places of worship only but covers the social, economic and military spheres. "Waqf" is derived from the Arabic word "waqafa", meaning to detain or keep in custody (Saleem, 2010).  Hence, in Islamic terms, it means to ke...

      SALIENT FEATURES OF ECONOMIC SYSTEMS:   Islamic Capitalism Socialism Ownership  Allah S.W.T. Privately owned.  The government. Incentive Encourages equity. Encourages innovation and efficiency. Less incentive for innovation and efficiency. Decision-making Mutual consultation.  determined by owners of wealth, property, or ability to manoeuvre capital or production ability in capital and financial markets. Determined by the government. Coordination Abolition of self-interest. Automatic working. Controlled economy. Goals To establish social justice, elimination of poverty, tangible reduction in economic disparities, free society of corruption.  To make a profit. To obtain...

  Economics in Islam refers to examining human behaviour that utilises the natural source given by Allah.   All these sources should have been used competently and fairly in line with Sharia law.   To attain the pleasure of Allah, humans should benefit from those sources for their good.   A conventional economy is a system in which everyone has complete freedom to engage in economic activity, and it justifies the idea that individual acts are rational. First, the Islamic economic system is based on the Islamic faith from the source aspects.   The belief is the right since it is God's Word delivered to humankind by Prophet Muhammad.   Islamic economics is also built on the foundation of the Holy Quran, al-Sunnah, as well as the scholars' and Islamic economic experts' thoughts.   Besides Islamic economics, there are the two most well-known conventional economic systems: a capitalist system and a socialist system.   The system of the con...

  Islamic Economics Conventional Economics Role of Individual Driven by legitimate (actual need), in order to be rewarded by Allah. Do not fully understand why/how the consumer make purchase decision. Something that will satisfy their needs. Being Rational Rationality encourages the consumers to maximize his utility by insuring religious, national, historical, cultural and social values. Unidimensional. Objective of Consumer Achievement of the economic development of the society, and the interest of the consumer. To understand how new technology are enabling marketers to better satisfy the needs And want of the consumer. Responsibility Spend within tenets of Islam. Responsibility to be aware, to think independently, and to speak out. Spending To spare the original requirements for ...