PHENOMENOLOGY APPROACH IN ISLAMIC ECONOMICS AND FINANCE RESEARCH: AN ANALYSIS

Abstract

Islamic economics is a social science that studies the economic problems of people imbued with Islamic values. An Islamic economy or cooperative financial system is different from capitalism, socialism, or the welfare state. The phenomenological approach of Islamic economics and finance has become a study to find meaning or essence through the manifestation of economic and financial phenomena. This article aims to develop a different approach to researching Islamic economics and finance. This is library-based research with a qualitative approach. Sources of data in this study used secondary data derived from journals, books, and relevant research results. The result of this research is that the phenomenological approach can be applied to the study of Islamic economics and finance based on the methodological framework of the principle of truth based on the Islamization of science and Return to the philosophy of Islamic science.