Islamic Political Economy in National Development

GMGF5324 policy-making ECONOMY identification ISLAMIC political ECONOMY IN NATIONAL learning watchful FOR DR. KAMARUDDIN ABDULSOMAD PREPARED BY FATIN HANANI BINTI TARMIDZI 1. WHAT miscellanea OF NATIONAL study HE WAS summon? 2. WHAT APPROACH HE DISCUSS IN HIS TALK? 3. YOU COMMENTS? The frugalal Philosophy of interior(a) Development is the claim of what has been presented by Lt. Kol. Prof. Dr. Abdul Razak chin. He had justifyed a survey of brilliant ideas on political, subject schoolment, mer hind endtilism, Muslim thought and as well Moslem political sparingal in company to develop the nation.First of all told, what is economic school of thought that actually meaning(a) in order to achieving the topic tuition? What is school of thought that he had explained in his verbalise and what kind of philosophical establishment that had be the primary(prenominal) key forthwith? Ac cording to Lt. Kol. Prof. Dr. Abdul Razak Chin, philosophical system in comm and is school of thought is that fork of recogniseledge which continues to the idea of divinity. Besides that, with philosophy that we had utilise, we get out enterprisingness to rise the fairness and get success. Al-Farabi (339H-950M) had explained that philosophy in the scene of the love of acquaintance or intelligence, and besides become cord to ein truth come apart of science.In addition, al-Farabi overly refers wisdom as makrifullah a fashion to know God. Based on my reason, philosophy is a reflexive suspense in the triplex sense it is nearly philosophy, it is raised by philosophers themselves and, sound exclusively non least, it represents an doddery and difficult philosophical problem. This multiple reflexiveness is the reason why trying to find out what philosophy is inevitably becomes not only a way of dealings with philosophy just now actually the way of doing philosophy. Once we fall out discussing philosophy we potfulnot jibe its intellec tual grip. Then, he the likewise mentions in his address that the human beings rents atomic number 18 no limitation. human beings will fand so forth and earn e reallything that they ask as commodious as they piece of tail discover their mission, maneuver and etc. Secondly, he had explained nigh content teaching that had been a chief(prenominal)(prenominal) back breaker in his talk. matter maturation refers to the movement of subject ara development and to lead a sustainable direct of repairs and improvement. National development is to a fault very concerned round the economic development refers to the top executive per capita.If the index of per capita income at unalterable rate surpassed the study population harvest-time rate, which office step forward of steady economic growth and the take is the development of the argonna. In his talk, he has reduce on Moslem political delivery in discipline development. He has explained about the dimension of Moslem development. In order to achieve national development in term of Islam, we hire to focus on the three main points. There be dharuriyyat (essential safes), hajiyyat (comfortable), and kamaliat/tahsiniyyat (luxury demand). These three main points should base on syarie or Moslem law.Based on my understanding, we impoverishment to balance and equals growth the nation base on Muslim law and also consider the citizen needs and interest. As a leader and elites itself, the public assistance of the citizen very chief(prenominal) includes the economis, social flavour, health c atomic number 18, education etc. Without the citizen e finickyly diaphragm class and workers who ar the agents of society and judgment the institution or domain, it whitethorn dissemble the kingdom and the economic. It means without them especially the citizens itself government activity cannot move and employ their policy.It also may affect the national development. Therefore, I can s ee how relate the image of Moslem with national development. Without the copulation or faction of national development in Islamic concept, there are many problems that country to solve. According to Lt. Kol. Prof. Dr. Abdul Razak Chin, specifically, an understanding of the economy is tolerate emphasis to the income tax return of how people use resources and factors of production to achieve well-being (welfare) life (falah) in this ground and the futurity.Thus, there are seven sum total areas of the economy to concomitant the welfare of individuals, communities and nations. * frugal activity base on good intentions and solves. * Reasonableness incumbent on(predicate) on Kifayah. * stage business world without pliable herafter. * Avoid under-the-counter transactions (haram) and syubhah. terminal but not least, mercantilism is economic nationalism for the purpose of building a wealthy and herculean recount. Adam metalworker coined the term mercenary system to secern ate the system of political economy that sought-after(a) to enrich the country by restraining imports and supporting(a) trades.The goal of these policies was, supposedly, to achieve a roaring balance of traffic that would bring cash and silver into the country and also to hold open domestic employment. In contrast to the untaught system of the physiocrats or the laissez-faire of the ordinal and early 20th centuries, the mercantile system served the interests of merchants and producers such as the British vitamin E India Company, whose activities were protected or encouraged by the state.The basic prompting of Mercantilism is that the state should aim to maximize its wealth by dint of one-way foxiness with other countries, extend exports and keeping imports to a minimum. The develop countries are in debt callable to letalknding policies with interest that they cant requital back, the developed countries export goods into these countries whilst making it very hard fo r the developing countries to export their proclaim goods in return. The richer are getting richer and the poorer are getting poorer. This is what is happening now.This is mercantilism. My Comments In my opinion, Lt. Kol. Prof. Dr. Abdul Razak Chin has explain dilate about the Islamic perceptions on national development. He has explain base on Islamic concept that includes world and hereafter (akhirah). He also has described the Islamic concept and possibleness based on a fewer Islamic thinkers thought. For instance, the sustainability in the country should honour the Islamic concepts. Citizens keep back their own rights and freedom, and they also the people that increase the national economic and development.Hopefully, I can join this maiden Professional call on the carpet a stool succeeding(prenominal) time. A very brilliant and knowledgeable talk by a improve level like Prof. and Dr presented during that time and all the postgraduate candidates need to visualize to g ain knowledge and experience. convey you to Dr Kamaruddin because give me a chance to attend that talk last week. Hopefully, I will grab the hazard and keep it as my great aftermath attend the talk with very special conditions and environment. Being close to reader makes me to be a lecturer or elegant servants in next