Islamic Political Economy in National Development

GMGF5324 POLITICAL scrimping ASSIGNMENT ISLAMIC POLITICAL ECONOMY IN NATIONAL DEVELOPMENT PREPARED FOR DR. KAMARUDDIN ABDULSOMAD PREPARED BY FATIN HANANI BINTI TARMIDZI 1. WHAT loving OF NATIONAL DEVELOPMENT HE WAS MENTION? 2. WHAT APPROACH HE hash aside IN HIS TALK? 3. YOU COMMENTS? The Economic Philosophy of National Development is the rubric of what has been presented by Lt. Kol. Prof. Dr. Abdul Razak Chin. He had explained a lot of brilliant ideas on political, cater teaching, mercantilism, Moslem thought and in any case Muslim political economic in hallow to develop the nation.First of all, what is economic school of thought that in truth important in order to achieving the national development? What is philosophy that he had explained in his prattle and what kind of philosophy that had be the of import key nowadays? jibe to Lt. Kol. Prof. Dr. Abdul Razak Chin, philosophy in general is philosophy is that branch of knowledge which relates to the plan of divinity. Besides that, with philosophy that we had use, we will endeavor to find the truth and happen upon success. Al-Farabi (339H-950M) had explained that philosophy in the context of the love of wisdom or wisdom, and similarly become cord to e truly branch of science.In addition, al-Farabi as well refers wisdom as makrifullah a way to know God. Based on my understanding, philosophy is a reflexive question in the threefold sense it is about philosophy, it is raised(a) by philosophers themselves and, last but not least, it represents an old and difficult philosophic problem. This multiple reflexivity is the reason why trying to find out what philosophy is inevitably becomes not only a way of traffic with philosophy but actually the way of doing philosophy. Once we start discussing philosophy we cannot scape its intellectual grip. Then, he as well as mentions in his chew up that the benignant needs are no limitation. Human will accomplish and slang everything that they want as lo ng as they can master their mission, nates and etc. Secondly, he had explained about national development that had been a principal(prenominal) point in his talk. National development refers to the process of national development and to lead a sustainable direct of repairs and improvement. National development is also very concerned about the economic development refers to the office per capita.If the index of per capita income at constant rate surpassed the national population growth rate, which performer place of steady economic growth and the result is the development of the country. In his talk, he has snap on Muslim political providence in national development. He has explained about the dimension of Islamic development. In order to achieve national development in term of Islam, we need to focus on the three main points. There are dharuriyyat (essential goods), hajiyyat (comfortable), and kamaliat/tahsiniyyat (luxury needs). These three main points should base on syari e or Islamic law.Based on my understanding, we need to relief and equals growing the nation based on Islamic law and also consider the citizen needs and elicit. As a leader and elites itself, the welfare of the citizen very important includes the economis, social life, health care, education etc. Without the citizen especially kernel class and workers who are the agents of society and ruling the institution or country, it whitethorn affect the country and the economic. It means without them especially the citizens itself government cannot move and go for their policy.It also may affect the national development. Therefore, I can trip up how relate the concept of Islamic with national development. Without the relation or combine of national development in Islamic concept, there are umteen problems that country to solve. According to Lt. Kol. Prof. Dr. Abdul Razak Chin, specifically, an understanding of the economy is appropriate emphasis to the issue of how people use resource s and factors of production to achieve well-being (welfare) life (falah) in this world and the hereafter.Thus, there are seven core areas of the economy to balance the welfare of individuals, communities and nations. * Economic activity based on good intentions and purposes. * foresight obligatory on Kifayah. * Business world without compromising herafter. * Avoid extralegal transactions (haram) and syubhah. Last but not least, mercantilism is economic nationalism for the purpose of building a wealthy and powerful state. Adam metalworker coined the term mercantile system to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports.The goal of these policies was, supposedly, to achieve a favorable balance of trade that would bring gold and silver gray into the country and also to maintain domestic employment. In contrast to the awkward system of the physiocrats or the laissez-faire of the nineteenth and early twen tieth centuries, the mercantile system served the interests of merchants and producers such as the British East India Company, whose activities were protected or encouraged by the state.The basic proposition of Mercantilism is that the state should objective lens to maximize its wealth through one-way trade with other countries, maximize exports and keeping imports to a minimum. The developing countries are in debt due to letalknding policies with interest that they cant pay back, the developed countries export goods into these countries whilst making it very hard for the developing countries to export their own 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 details about the Islamic perceptions on national development. He has explain base on Islamic concept that includes world and hereafter (akhirah). He also has descri bed the Islamic concept and theory based on a few Islamic thinkers thought. For instance, the sustainability in the country should follow the Islamic concepts. Citizens have their own rights and freedom, and they also the people that increase the national economic and development.Hopefully, I can substance this Inaugural Professional Talk again next time. A very brilliant and knowledgeable talk by a educated level like Prof. and Dr presented during that time and all the postgraduate candidates need to attend to gain knowledge and experience. Thank you to Dr Kamaruddin because give me a chance to attend that talk last week. Hopefully, I will grab the opportunity and keep it as my great moment attend the talk with very special conditions and environment. universe around lecturer makes me to be a lecturer or genteel servants in future