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POSITIONING ISLAMIC GIFT ECONOMY FOR SUSTAINABLE DEVELOPMENT AT THE LOCAL LEVEL
Corresponding Author(s) : Anidah Robani
Humanities & Social Sciences Reviews,
Vol. 6 No. 2 (2018)
Abstract
Purpose: The general objective of this study is to explore the potential of Islamic Gift Economy in relation to sustainable development at the local level. This paper is therefore, highlights conceptually some preliminary insights on how the Sustainable Development (SD) and the Islamic Economy can be incorporated into a broader sustainability framework involving the three pillars of economic, social and environmental (ESE) sustainability.
Methodology: This paper is abouta preliminary conceptual exploration into the meaning, and potential of Islamic Gift Economy in enhancing sustainable development at the local level.
Main findings: The central argument of this article revolves around the idea that Islamic Gift Economy with its focus on social justice (‘adl), balance (mizan), and common good (maslahaha’mmah)can be an alternative economic paradigm and development model in this post-capitalist development agenda.
Application of the study: This study may be beneficial to policy makers from national to local/community level on how to enhance local/village economy through Islamic Gift Economy.
Novelty/Originality of the study: This paper intends to propose an integral framework on the relationship between IGE and sustainable development at the local level. Theoretical and policy implications, and opportunities for future research were also highlighted.
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1. AdiSetia (2011). “Mu’amala and the Revival of the Islamic Gift Economyâ€, Islam and Science, Vol.9 N0.1, 2011.
2. AdiSetia (2014). Right Livelihood and the Common Good. A Report on the Islamic Gift Economy Discourse in London, February 26-March 10, 2014, organized by London School of Economics Student Union Islamic Society (LSESU-IS)
3. AdiSetia (2015). Sustainable Development in the Framework of the Islamic Gift Economy. Invited paper presented as the Round Table on Sustainable Development, Tuesday, October 25, 2015 organized by the International Institute for Advanced Islamic Studies (IAIS), Kuala Lumpur, Malaysia
4. Alperovitz, G. (2011) America Beyond Capitalism: Reclaiming our wealth, our liberty, and our democracy. New York: Democracy Collaborative Press
5. Carter, A.J.,Pisaniello, J.D., Burritt, R.L (2010). Government Sustainability Policy in Australia: Moving from Rhetoric to Effective Implementation, Occasional Working Paper, No.3, October 2010, Centre for Accounting Governance & Sustainability, UniSA: Adelaide
6. Costanza, R., &Alperovitz, G., Daly, H. Farley, J., Franco, C., Jackson, T., Kubiszewski, I., Schor, J., Victor, P. (2013). Canberra ACT: ANU E Press Building a Sustainable and Desirable Economy-in-Society- in-Nature
7. Daly, Herman E. and Jr.Cobb, John B. (1994). For the Common Good: Redirecting the Economy toward Community, the Environment and a Sustainable Future. Boston: Beacon Press
8. DzulkifliAbdul Razak (2014). Enhancing Leadership and Connectivism for Sustainable Development. Keynote Speech in AKEPT-Prosper.Net-UM Leadership Programme, 18 August 2014 at AKEPT Campus, Nilai, NEgeri Sembilan, Malaysia
9. GrootaertC. &Bastelaer, T.V. (2002). Understanding and Measuring Social Capital: A Multidisciplinary Tool for Practitioners. Washington D.C: World Bank Institute:
10. Holloway, G., Nicholson, C., Delgado, C., Staal, S., Ehui, S. (2000). Agroindustrialization through institutional innovation transaction costs, cooperatives and milk market development in the East African Highlands. Agricultural Economics: The Journal of the International Association of Agricultural Economists, Vol.23, Issue 3, pp. 279-288 September 2000. DOI: 10.1111/j.1574-0862.2000.tb00279.x
11. Hunter, Murray (2014). Entrepreneurship as a Means to Create Islamic Economy. Economics, Management and Financial Markets. Vol. 9(1), pp. 75-100
12. KamalSalih (2013). Development and Inequalities: In Search of a New Economic Paradigm using the Malaysian Case. Paper presented at Ninth IshakShaari Lecture, IKMAS UniversitiKebangsaan Malaysia, November 23, 2013
13. Kamal Salih (2015). Alternate System: The Islamic Economic Model and the Semanggol Muslim Village Project paper presented in Roundtable on Revitalizing the Village Economic: the Islamic Gift Economy and PBMT Indonesia at CASIS, UTM Kuala Lumpur, October 22, 2015
14. KatesW. Robert, Thomas M. Parris & Anthony A. Leiserowitz (2005). What is Sustainable Development? Goals, Indicators, Values, and Practice, Environment. Science and Policy for Sustainable Development, 47:3, 8-21, DOI: 10.1080/00139157.2005.10524444
15. Kimball, M.S. (1988). Farmer’s Cooperatives as Behaviour toward Risk. The American Economic Review, Vol.78, No.1 (March 1988), pp.224-232
16. R. Furtado, J.I., Belt Tamara &Jammi, R., (2000). Economic Development and Environmental Sustainability: Policies and Principles for a Durable Equilibrium. Washington D.C.: World Bank Institute
17. RajeswaryAmpalavarnar Brown (2008). Islamic Endowments and the land Economy in Singapore: The Genesis of an Ethical Capitalism 1830-2007, South East Asia Research, 16, 3, pp. 343-403
18. Schor, Juliet B. (2010). Plenitude: The New Economics of True Wealth. New York: The Penguin Press
19. Seferiadis, Anastasia A. Cummings, Sarah, Zweekhorst, Marjolein B.M., Bunders, Joske F.G. (2015). Producing Social Capital as a Development Strategy: Implications at the Micro-Level. Progress in Development Studies 15, 2 (2015) pp. 170-185
20. Yvonne Rydin& Nancy Holman (2004). Re-evaluating the Contribution of Social Capital in Achieving Sustainable Development, Local Environment: The International Journal of Justice and Sustainability, 9:2, 117-113, DOI: 10.1080/1354983042000199561
References
2. AdiSetia (2014). Right Livelihood and the Common Good. A Report on the Islamic Gift Economy Discourse in London, February 26-March 10, 2014, organized by London School of Economics Student Union Islamic Society (LSESU-IS)
3. AdiSetia (2015). Sustainable Development in the Framework of the Islamic Gift Economy. Invited paper presented as the Round Table on Sustainable Development, Tuesday, October 25, 2015 organized by the International Institute for Advanced Islamic Studies (IAIS), Kuala Lumpur, Malaysia
4. Alperovitz, G. (2011) America Beyond Capitalism: Reclaiming our wealth, our liberty, and our democracy. New York: Democracy Collaborative Press
5. Carter, A.J.,Pisaniello, J.D., Burritt, R.L (2010). Government Sustainability Policy in Australia: Moving from Rhetoric to Effective Implementation, Occasional Working Paper, No.3, October 2010, Centre for Accounting Governance & Sustainability, UniSA: Adelaide
6. Costanza, R., &Alperovitz, G., Daly, H. Farley, J., Franco, C., Jackson, T., Kubiszewski, I., Schor, J., Victor, P. (2013). Canberra ACT: ANU E Press Building a Sustainable and Desirable Economy-in-Society- in-Nature
7. Daly, Herman E. and Jr.Cobb, John B. (1994). For the Common Good: Redirecting the Economy toward Community, the Environment and a Sustainable Future. Boston: Beacon Press
8. DzulkifliAbdul Razak (2014). Enhancing Leadership and Connectivism for Sustainable Development. Keynote Speech in AKEPT-Prosper.Net-UM Leadership Programme, 18 August 2014 at AKEPT Campus, Nilai, NEgeri Sembilan, Malaysia
9. GrootaertC. &Bastelaer, T.V. (2002). Understanding and Measuring Social Capital: A Multidisciplinary Tool for Practitioners. Washington D.C: World Bank Institute:
10. Holloway, G., Nicholson, C., Delgado, C., Staal, S., Ehui, S. (2000). Agroindustrialization through institutional innovation transaction costs, cooperatives and milk market development in the East African Highlands. Agricultural Economics: The Journal of the International Association of Agricultural Economists, Vol.23, Issue 3, pp. 279-288 September 2000. DOI: 10.1111/j.1574-0862.2000.tb00279.x
11. Hunter, Murray (2014). Entrepreneurship as a Means to Create Islamic Economy. Economics, Management and Financial Markets. Vol. 9(1), pp. 75-100
12. KamalSalih (2013). Development and Inequalities: In Search of a New Economic Paradigm using the Malaysian Case. Paper presented at Ninth IshakShaari Lecture, IKMAS UniversitiKebangsaan Malaysia, November 23, 2013
13. Kamal Salih (2015). Alternate System: The Islamic Economic Model and the Semanggol Muslim Village Project paper presented in Roundtable on Revitalizing the Village Economic: the Islamic Gift Economy and PBMT Indonesia at CASIS, UTM Kuala Lumpur, October 22, 2015
14. KatesW. Robert, Thomas M. Parris & Anthony A. Leiserowitz (2005). What is Sustainable Development? Goals, Indicators, Values, and Practice, Environment. Science and Policy for Sustainable Development, 47:3, 8-21, DOI: 10.1080/00139157.2005.10524444
15. Kimball, M.S. (1988). Farmer’s Cooperatives as Behaviour toward Risk. The American Economic Review, Vol.78, No.1 (March 1988), pp.224-232
16. R. Furtado, J.I., Belt Tamara &Jammi, R., (2000). Economic Development and Environmental Sustainability: Policies and Principles for a Durable Equilibrium. Washington D.C.: World Bank Institute
17. RajeswaryAmpalavarnar Brown (2008). Islamic Endowments and the land Economy in Singapore: The Genesis of an Ethical Capitalism 1830-2007, South East Asia Research, 16, 3, pp. 343-403
18. Schor, Juliet B. (2010). Plenitude: The New Economics of True Wealth. New York: The Penguin Press
19. Seferiadis, Anastasia A. Cummings, Sarah, Zweekhorst, Marjolein B.M., Bunders, Joske F.G. (2015). Producing Social Capital as a Development Strategy: Implications at the Micro-Level. Progress in Development Studies 15, 2 (2015) pp. 170-185
20. Yvonne Rydin& Nancy Holman (2004). Re-evaluating the Contribution of Social Capital in Achieving Sustainable Development, Local Environment: The International Journal of Justice and Sustainability, 9:2, 117-113, DOI: 10.1080/1354983042000199561