The Economic of Umar Bin KhattÄb Policyin Modern Economic Policy

Abstract

Along with the famous term of the shari’ah economics in Indonesia today, many financial institutions
are using Shari’ah-based system. Ranging from syari’ah banking, syari’ah hotels, syari’ah supermarkets,
etc. In fact, it shows the amount of interest in addressing public demand for the implementation of
shari’ah system in financial institutions and businesses. The Islamic economists face big challenges, thats
disability of shari’ah economics implementation. it is mean the economic policy can not be applied by
Shari’ah system optimiscally at stage of government policy.
The economic of Umar bin Khattāb policy is reasonably as a comparator (comparison tool) because
he was a proper and powerful head of government in managing the government, he is also a successful
entrepreneur, as well 2nd Kholifah, at which time the majority of its policies relating to the economic
radicalization.
The purpose of this study was to determine the economic of Umar bin Khattāb policy and analyze its
relevance to the context of the current economic. The method of analysis is used qualitative study by a
thematic approach to observe and analyze each Umar bin Khattāb policy which on occasion of economic.
Then it is combined with library research by reading the works of Umar economic policy. Data
processing techniques is used the content analysis method, to make inferences Umar economic policy.
Then analyzed to obtain the relevance of the development policy.
The results of this study is indicating that some economic policy during the reign of Umar has been
adopted by most countries in the world with improvement in certain parts in accordance with its time.
This suggests that the current economic policy of Umar bin Khattab still relevant if implemented on a
modern economy.