Ekonomi Islam di Mata Ekonom Non-Muslim: Telaah Pemikiran John R. Presley

Abstract

This paper aims to examine Islamic economic thought from non-Muslim
economist, John R. Presley. This research is a library research, which is a research
process that reviews literature and analyzes relevant topics. In collecting data, the
author utilizes journals, books, dictionaries, magazines, and other library sources.
The analytical method used in this study is the hermeneutic method, which is
interpreting, explaining, interpreting, and translating these data sources. The
results of the study indicate that Islamic economics, according to Presley, can be a
useful field of dialogue between the Islamic world and the West. A broader
appreciation of Islamic economics will not only increase the Western world's
understanding of how the Muslim economy operates, but also offer an interesting
perspective on many Western economic principles. In addition, according to
Presley, Islamic financial institutions, especially Islamic banks, as interest-free
finance have developed surprisingly far. Interest-free banks have proven to be
durable and enjoy substantial deposit growth. The impact of non-interest
operationalization on the determination of foreign exchange rates and international
capital flows, and the proper accounting definition of `profit' to be shared with
suppliers of capital are some of the serious issues that, according to Presley,
practitioners and theorists of Islamic financial institutions must face.