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Islamic economics grew naturally from the Islamic revival and political Islam whose adherents considered Islam to be a complete system of life in all its aspects, rather than a spiritual formula [86] and believed that it logically followed that Islam must have an economic system, unique from and superior to non-Islamic economic systems.
Electronic business (also known as online business or e-business) is any kind of business or commercial activity that includes sharing information across the internet. [1] Commerce constitutes the exchange of products and services between businesses, groups, and individuals; [ 2 ] and can be seen as one of the essential activities of any business.
Nahdlatul Ulama (Indonesian pronunciation: [nahˈdatʊl ʊˈlama], lit. ' Revival of the Ulama ', NU) is an Islamic organization in Indonesia.Its membership numbered over 40 million in 2023, [2] making it the largest Islamic organization in the world. [3]
Modernism/Reformism in the Indonesian context is defined by its pure adherence toward the Qur'an and Hadith, promotion of ijtihad (individual reasoning), rejection of madh'hab (Islamic schools of jurisprudence) and as well as criticism against taqlid (imitation of judicial precedence) to religious scholars, Sufism, and vernacular traditions based on syncretism with local practices.
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Eid mass prayer on open field during colonial Dutch East Indies period. The word Lebaran was derived from a Javanese word, and according to Indonesian Muslim scholar Umar Khayam, the lebaran tradition was the result of acculturation between Javanese culture and Islam during the 15th century.
Sunna or sunnat, is the body of traditions and practices of the Islamic prophet Muhammad that constitute a model for Muslims to follow. The sunnah is what all the Muslims of Muhammad's time supposedly saw, followed, and passed on to the next generations. [1]
A market economy was established in the Islamic world on the basis of an economic system resembling merchant capitalism. Capital formation was promoted by labour in medieval Islamic society, and financial capital was developed by a considerable number of owners of monetary funds and precious metals.