Islamic Economics from Classical to Modern History

Abstract

Purpose — This article compiles the history of the development of Islamic economics from classical times to the modern era today.

Method —The research methodology used in this research is literature study.

Result — This article compiles the history of the development of Islamic economics from classical times to the modern era today. The classical period began with the prophethood of the Prophet who overhauled all economic arrangements in accordance with Islamic law. Then, the economic policies that have been arranged in such a way by the Prophet inherited and continued by the next generation, khulafaurasyidin and the next ruling dynasties to enter the modern era today. The development of Islamic economics experienced a long history, experienced several setbacks and then rose and revived until today.