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Although there are a few differences between fiqh and economics, we could not deny that both fields are inter-related and co-existed with each other. According to conventional economics, economics is a social science that studies how man manages their limited resources to satisfy their unlimited wants...
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By using fiqh as a guideline, the goals of Islamic economic is to achieve falah Here and Hereafter. By putting the latter as an objective, we could be successful in our economic transactions by using Islamic Jurispudence as a guideline. For example, in order to maximize profit, fiqh rulings has outlined certain prohibitions to adhere to such as the prohibitions of gharar and riba, fraudery and theft...
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