Unlocking Syaibani's Concepts of Wealth for Contemporary Islamic Wealth Management

Abstract

Purpose: The objective of this study is to explore and compare the notions of wealth management from the works of earlier Muslim thinkers, and to draw connections with its contemporary application in order to contribute to the theoretical and practical development of Islamic economics and finance in Indonesia. Among the early works that relate to the ideas of wealth management is "al-Iktisab fil Rizq," authored by Imam Hasan al-Syaibani.

Method: The study utilizes content and descriptive analysis as its method to extract the findings. Data collection is sourced from various Islamic references, such as the Qur'an, Sunnah, the writings of Imam Hasan al-Syaibani, as well as supplementary materials like books, journals, reports, magazines, and online resources.  

Result: The finding reveals that the ideas of Islamic wealth management is crucial rooted in the Qur’an and Sunnah, epitomized by the concept of al-kasb and infaq, that can be traced in the work of Imam Hasan al-Syaibani. His philosophical concept of Islamic wealth management provides a robust framework guiding ethical and purposeful wealth management practice in accordance with Islamic principles.

Practical Implication: The saying of classic scholars is still relevant to today’s activities such as on wealth management that is currently on trend among Muslim families.

Originality: The ideas of wealth management such as "al-Iktisab fil Rizq" has not been explored like in this paper.

Keywords: Islamic wealth management, Islamic Economics, Islamic Finance