Title: THE PREDICTIVE STUDY OF ISLAMIC ECONOMIC ELEMENTS: ANTECEDENT VARIABLES INFLUENCING ECONOMIC WELFARE CREATION
Author:
Muhammad Verryl Vian Al Rasyid
Abstract:
The pursuit of economic welfare within the framework of Islamic moral norms encompasses various aspects of Islamic economics, particularly in Indonesia. Key encompasses examples include Islamic banking, which pertains to the operations of Sharia-compliant banks and Sharia Business Units (UUS). Additionally, Islamic insurance involves agreements between Sharia insurance companies and policyholders, as well as among the policyholders themselves. The Islamic capital market consists of activities that align with Islamic principles, with Indonesia’s Islamic capital market being regulated by the Financial Services Authority (OJK). Furthermore, Islamic pawnshops provide financial solutions through a range of pawn-based and financing products. This research confirms the antecedents of variables that characterize Islamic economics in Indonesia. Employing a quantitative descriptive approach, the study utilizes a survey design, with data analysis conducted through multiple linear regressions using SPSS software. The findings, conclusions, and contributions of this research are expected to yield positive empirical and scientific impacts.
Keywords: Economic well-being, individual freedom, brotherhood and justice, Islamic morality, income distribution.
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