Decolonizing Global Economics: Post-Capitalist Visions Through the Lens of Islamic Thought
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Decolonization, Islamic Economics, Post-Capitalism
Abstract
This paper explores the prospects of decolonizing global economics by engaging with post-capitalist visions rooted in Islamic thought. Contemporary economic systems, largely shaped by Western capitalist paradigms, have perpetuated structural inequalities, environmental degradation, and cultural homogenization. Islamic economic principles offer an alternative epistemology that emphasizes justice (‘adl), communal welfare (maslahah), ethical wealth circulation (zakat, waqf), and spiritual accountability. Through critical analysis, this study examines how Islamic frameworks challenge the colonial legacy of economic domination and contribute to the discourse on plural economic futures. The paper highlights the potential of Islamic economics to inform sustainable and equitable development models, fostering a shift from exploitative growth toward value-based, inclusive systems. In doing so, it calls for the reimagining of economic order beyond capitalist structures by integrating indigenous, faith-based, and ethical paradigms into global economic debates.
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Copyright (c) 2025 Rahmat Ramdhani, Iti Septi, Khalil Zaman
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