Economic Sufism: Spiritual and Material Integration in Islamic Economics

Economic Sufism is an economic concept that integrates spiritual and material values ​​in economic life. In the Islamic context, economic Sufism views and carries out economic activities by combining sharia, tawhid, and ihsan. This is a characteristic that distinguishes the economic activities of Sufis from other communities.

History and Development of Economic Sufism

Economic Sufism originates from the Sufism tradition which has become an inseparable part of Islamic heritage. Sufism is a philosophy of life and a journey to seek God, which a person goes through to confirm moral perfection, irfani knowledge regarding nature, and spiritual happiness. In the modern era, Sufism has been integrated with various fields of science, including economics, and has been applied in various aspects of life, from politics, socio-culture, law, education, to economics.

Integration of Sufism and Economics

The economic concept of Sufism involves the experience of rich Sufis, such as Abu Bakar As-Shiddiq, Abdullah Bin Mubarak, Abdul Qadir Al-Jilani, Abul Hasan As-Syadzili, and a contemporary Sufi from North Sumatra, Kadirun Yahya. The book "Sufinomics" by Juliana Nasution, ME, discusses the relationship between Sufism and economics, including the rich experiences of Sufis, as well as the relationship between Sufism and the spirit of capitalism, the concept of blessing in the economic paradigm, and the relationship between ethics and spirituality and work productivity.

Application of Economic Sufism in Daily Life

In practice, economic Sufism implements maqamat and ahwal in economic behavior. These examples include ascetic economics, philanthropy as a form of mahabbah towards Allah and humans, patience, spiritual capital to control financial crises, tawakal in Sufistic economics in activities such as insurance and work-life balance, and flexing on social media.

Sufistic Economic Thought

Sufistic economic thought has also been embodied in classical books such as "al-Makasib" by al-Harits al-Muhasibi and al-Gazali's economic thought. Fethullah Gulen has also contributed to integrating Sufism with the modern economy. These thoughts help in developing an economic paradigm that is more spiritual and based on Islamic values.

Sufism's economic concepts can be applied in modern business

Sufism's economic concepts can be applied in modern business by integrating spiritual and material values ​​in economic activities. Here are some ways you can do this:

1. Combining Sharia, Tawhid, and Ihsan

Sufis view and carry out economic activities by combining sharia, monotheism and ihsan. Sharia regulates the legal and ethical aspects of economics, while tawhid emphasizes awareness of Allah's presence in every action. Ihsan, which means doing good, is the moral and spiritual basis for doing business.

2. Rich Sufi Experience

The book "Sufinomics" by Juliana Nasution, ME, discusses the relationship between Sufism and economics. This book highlights the experiences of rich Sufis, such as Abu Bakar As-Shiddiq, Abdullah Bin Mubarak, Abdul Qadir Al-Jilani, Abul Hasan As-Syadzili, and a contemporary Sufi from North Sumatra, Kadirun Yahya. These experiences show how Sufism values ​​can be integrated into various economic aspects, such as productivity, blessings and work ethics.

3. Zuhud Economy

An ascetic economy is a form of economy that avoids the accumulation of wealth and prioritizes simplicity. In modern business, this can be realized through practices such as minimizing expenses, saving, and focusing on basic needs. This will help in avoiding economic inequality and increasing social justice.

4. Philanthropy and Mahabbah

Philanthropy is a form of economics that prioritizes the good of others. In modern business, this can be realized through donations, social programs, and initiatives focused on community welfare. Philanthropy can also be integrated with the concept of mahabbah (love) for God and humans, which emphasizes the importance of sharing and helping others.

5. Spiritual Capital Patience

Spiritual capital patience refers to the ability to control a financial crisis with the belief that Allah will provide a solution. In modern business, this can be realized through strategies such as risk diversification, responsible investment, and capital management based on spiritual values.

6. Tawakal in Sufistic Economics

Tawakal is the belief that Allah will provide what is needed. In modern business, this can be realized through practices such as insurance, investment diversification and responsible risk management. Tawakal can also be integrated with the concept of work-life balance and flexing on social media, which emphasizes the importance of balance between professional and personal life.

7. Al-Ghazali's Economic Thought

Al-Ghazali emphasized the importance of justice and economic sustainability in his work. In modern business, this can be realized through practices such as fair management of resources, clear enforcement of laws, and the development of an effective justice system. This will help in achieving social welfare and state prosperity.

8. Islamic moderation through Sufism

Islamic moderation through Sufism emphasizes the importance of integrating Sufism values ​​in various aspects of life, including the economy. In modern business, this can be realized through practices such as the implementation of education, health, social, legal and even politics based on Sufism values. This will help in developing one's potential in life in this world.

Conclusion

Sufism's economic concepts can be applied in modern business by integrating spiritual and material values ​​in economic activities. By combining sharia, monotheism, and ihsan, as well as implementing rich Sufi experience, ascetic economics, philanthropy, patience, spiritual capital, tawakal, and Al-Ghazali's thoughts, modern business can be directed towards justice, prosperity and prosperity based on Islamic values.

Economic Sufism is a concept that integrates spiritual and material values ​​in economic life. By combining sharia, tawhid, and ihsan, economic Sufism helps in developing an economy that is fairer, more just, and based on Islamic values. Through rich Sufi experience and classical thoughts, economic Sufism continues to contribute to developing an economy that is more spiritual and based on Islamic values.

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