The Implications of the Concept of Ownership in Islam on the development of Islamic Economics

Abstrak

Islam is a religion whose teachings were revealed to mankind by Allah through the Prophet Muhammad as his messenger, and which, in essence, teaches not only on one side, but on many facets of human life. Because Islam is particularly concerned about each individual's rights, one of sharia's goals is to safeguard each individual's property, which is material that supports aspects of life's sustainability. To adore Allah, one must live a servant's life. S.W.T. This study is a literature review with the goal of discussing the concept of property in the context of Islamic economics, as well as the patterns of ownership that are safeguarded by Islam. According to the findings of the study, the concept of property and ownership in Islamic teachings, in essence completely comprehending that God Almighty is the ultimate owner of everything and that humans acting as caliphs are only temporary owners of what they have. As a result, whenever people engage in economic activity or attempt to acquire riches, they must follow the legal road, whether they are looking for, processing, or using property. Because, in essence, everything that Allah owns will be held accountable in the afterlife.