Ibn Salam Al-Herawi's Contributions To Islamic Economic Thought: A Comprehensive Analysis Of His Book 'Al-Amwal' And Its Implications For Contemporary Discourse

Abstract

This study aims to comprehensively examine the influential contributions of Ibn Salam Al-Herawi in shaping the Islamic economy during the medieval era through his seminal work, the book "Al-Amwal." By employing an analytical and descriptive approach, this research delves into Ibn Salam Al-Herawi's profound impact on the foundations and evolution of Islamic economic thought. Through a critical evaluation of primary sources, including "Al-Amwal," historical records, and scholarly commentaries, this study dissects his treatises on economic principles, shedding light on his distinctive perspectives regarding trade, finance, wealth distribution, and ethical considerations within the framework of Islamic economics. The findings of this research underscore the profound influence of Ibn Salam Al-Herawi's innovative ideas as expressed in "Al-Amwal." His work exhibits unique characteristics and specialties not found in other writings on Islamic finance. However, alongside these positive aspects, critiques of Ibn Salam's "Kitab Al-Amwal" have also emerged. In conclusion, this study establishes Ibn Salam Al-Herawi's pivotal role in shaping Islamic economic thought. His insights and perspectives continue to resonate in contemporary discussions on Islamic economics. By emphasizing ethical considerations, equitable trade practices, and just wealth distribution, Ibn Salam underscores the crucial alignment between economic activities and moral values. This alignment highlights the inherent compatibility of Islamic teachings with economic principles, thereby contributing to the broader discourse on the intersection of ethics and economics.