ACEH – An expert in Islamic Economics from the Banking Development Institute of Indonesia (LPPI), Arie Mooduto, stated that, the capitalist economic system adopted by the majority of countries in the world is one of the many causes of poverty.
"The large number of poor people in the world today, one of its reasons is the capitalist and conventional system," he said in an international seminar on Islamic economics and finance held in Banda Aceh, on 10th October 2010.
It was said that today, there are at least 824 million citizens of the earth who are still poor and it is worrying, one of the reasons is attributable to being victims of capitalism, which only sides with the investors.
According to him, the economic system of capitalism which many countries in the world are adopting, especially the western countries, forgoes the sense of justice from the human beings to the point of giving rise to rampant poverty.
"Our country Indonesia has also embraced capitalism, that the contrast could be seen where in the middle of the luxurious buildings, there are also slum houses belonging to the poor people," said the Director in the Shari’a Field of the LPPI.
Many foreign companies are operating in Indonesia such as Freeport which exploits the earth’s riches in Papua and Exxon Mobil in Aceh, paying no attention to the welfare of the people in the surrounding areas.
"How long has Freeport been operating in Timika, Papua? And what have the people gotten there? The people in Timika, sorry to say, are still wearing 'koteka' (Papuan penis sheath). The people there are still living poorly," Arie Mooduto said.
He said that a large number of world economic experts had admitted that the capitalist economy did not have a clear direction.
According to him, many large companies in the world, which practice the capitalist economic system, eventually collapse after having many assets, because the aim is only to enrich the investors without caring about the welfare of the society.
Arie Mooduto said that the economic system which has more advantages and is all-encompassing in the world is only the Islamic economic system or the Shari’a based.
The Islamic economic system, if applied clearly and fairly, is believed to be able to answer the big problems in today's world, such as poverty.
According to him, the Islamic economic system, one of which functions is to regulate the development of banking (Islamic Banking), has a clear direction and is not found in any other economic system, namely focusing on the welfare of mankind, promoting morals, upholding ethics in the implementation and achieving a balance distribution of income.
"The Islamic economy contains a holy jihad i.e. eliminating poverty from the face of the earth and it has a universal mission," Arie Mooduto said.
"Morals, aqeedah and welfare for mankind are the main things that must be considered in Islamic economics," he said.
It was mentioned that the concept of Islamic economy is already clearly set, based on the Qur’an and Hadith, it is just a matter of practicing it.
Read also:
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1 comments:
Interesting article akhi. An Islamic economic order is the only solution to the current moribund system. Articles like these are important, for we must articulate to the world how Islam can solve the problems the afflict the great majority of the world.
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