B22 - Relevancy of Islamic Economic Value to Sustainable Development Goals (SDGs)

Mansur, Afifi and Busaini, Busaini and Wahyunadi, Wahyunadi B22 - Relevancy of Islamic Economic Value to Sustainable Development Goals (SDGs). Journal of Xi’an Shiyou University, Natural Science Edition. ISSN 1673-064X

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The damage to natural resources occurring in many parts of Indonesia is a result of human activities (anthropogenic effect) in managing the natural resources. The fundamental question is what motivates people to manage the resources in such manners. This paper intends to find the drivers of nature-damaging activities by elaborating on neoclassical economics theory principles. Besides, this paper demonstrates how the Islamic values could be considered as a more suitable and compatible approach to achieve sustainable development goals (SDGs), especially life below water and life on land. The idea of resource scarcity, competition, free market, utilitarianism, maximum utility, and highest economic growth, which are a part of neoclassical economics principles, could be considered a source of the damaging activities. At the macro level, economic development’s highest economic growth orientation leads to natural resource exploitation massively. We show that natural resources exploitation is driven by self-interest, maximum profit and utility, and greediness. We also reveal that Islamic values and teachings could minimize the adoption of destructive practices.

Item Type: Article
Keywords (Kata Kunci): destructive behavior, Islamic concepts, natural resources degradation, neoclassical economics, religious rituals.
Subjects: H Social Sciences > HB Economic Theory
Divisions: Fakultas Ekonomi
Depositing User: Dr. Wahyunadi, SE
Date Deposited: 12 Mar 2022 07:16
Last Modified: 12 Mar 2022 07:16
URI: http://eprints.unram.ac.id/id/eprint/28296

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