Islamic Economic Perspective: Integration of Production, Distribution, and Factor Pricing

Widya Susanty ; Isnaini Harahap ; Muhammad Ridwan
Proceeding of the International Conference on Econ... 📅 2024 Vol 1, No 1 🔗 DOI: 10.61132/iceat.v1i1.100
Abstract
This study aims to Determination of factor prices is an essential element in the economic system that includes aspects of production and distribution. In the perspective of Islamic economics, factor pricing not only relies on economic efficiency, but must also pay attention to the principle of distributive justice in line with Islamic values.  The research method uses a qualitative approach with a literature review or library reaseach. The data used in this study are sourced from various literature books and scientific articles. The results of the study discuss the concept of factor pricing based on the theory of marginal products, labor markets, time allocation, equilibrium, and return on investment without usury. The analysis focused on the link between economic efficiency and fair distribution in accordance with maqashid sharia. The results show that optimal factor pricing within a sharia framework can support market equilibrium, increase labor productivity, and promote income distribution across different sectors of the economy. In addition, sharia-based policy interventions are needed to overcome market distortions and ensure the realization of holistic economic justice.
Keywords
Distribution; Economic Justice; Maqashid; Market; Price Factor; Production
How to Cite

Widya Susanty, et al. (2024). Islamic Economic Perspective: Integration of Production, Distribution, and Factor Pricing. Proceeding of the International Conference on Economics, Accounting, and Taxation, 1(1). https://doi.org/10.61132/iceat.v1i1.100

Widya Susanty; Isnaini Harahap; Muhammad Ridwan, "Islamic Economic Perspective: Integration of Production, Distribution, and Factor Pricing," Proceeding of the International Conference on Economics, Accounting, and Taxation, vol. 1, no. 1, 2024.

Widya Susanty; Isnaini Harahap; Muhammad Ridwan. "Islamic Economic Perspective: Integration of Production, Distribution, and Factor Pricing." Proceeding of the International Conference on Economics, Accounting, and Taxation, vol. 1, no. 1, 2024.

Widya Susanty; Isnaini Harahap; Muhammad Ridwan. "Islamic Economic Perspective: Integration of Production, Distribution, and Factor Pricing." Proceeding of the International Conference on Economics, Accounting, and Taxation 1, no. 1 (2024).

Widya Susanty, et al. (2024) 'Islamic Economic Perspective: Integration of Production, Distribution, and Factor Pricing', Proceeding of the International Conference on Economics, Accounting, and Taxation, 1(1). doi: 10.61132/iceat.v1i1.100.

Widya Susanty; Isnaini Harahap; Muhammad Ridwan. Islamic Economic Perspective: Integration of Production, Distribution, and Factor Pricing. Proceeding of the International Conference on Economics, Accounting, and Taxation. 2024;1(1).

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