Islamic And Conventional Worldview

Muslim And Conventional Worldview Worldview worrys to a ecumenic conception of the nature of the world , in particular as containing or implying a system of value-principles. Any bring philosophical system may be so styled which derives practical consequences from its theoretical component... Accor disruptiong to that definition, such(prenominal) a system of value-principles may be inspired by religious tenets or by incorrupt philosophy independent of honorableity. And to a fault, the distinctive spiritual and material aspect of the society and individual lives in oft end to mold their worldview. Therefore, in making a choice, someone is imperative to look at the worldview kinetics from the contrastive brotherly systems rest on. Individual in a society can still perplex their own principles or variations, but hopefully their average behavior would tend to con earn to the norms of what has complaisantly been concur upon.Worldview is behavioured as evolutionary and arc hitectonic rather than contextual. Social phenomena ar dynamic and because of the interaction amongst the ever-changing realities of bearing and the sociable worldview perception, the latter invariably has a temporal dimension. Thus, worldview remains in a handle of change and reconstruction over time around some unalterable elements. Therefore, because of worldview is coming from man being, it whence starts to think about religious worldview, such as Moslem worldview.Since factors affecting worldview differ, unalike worldview exits, leading to different system for different people. Secular and materialist worldview attach minimum importance to the material aspect of human well being and tend to ignore the importance of the spiritual aspect. They often argue that maximum material social upbeat can be best solution if the individuals atomic number 18 given unhindered freedom to pursue their self-importance interest and to maximize their want satisfaction in keeping with their own tastes and preferences. In their extreme form they do non recognize any role for divine guidance in human life and place full trust in the ability of human beings to chalk out the proper with the table service of their reason. That pull ining of religion actuall(a)y is not necessarily accepted nor applicable to all societies and acculturation. The Christian refinement has experience and history which is inc raked to layize as follows this dichotomy between the religious and the remainder of human life is a western product and concern. This distinction between the sacred and profane, between religion and other aspects of human endeavor is a result of the process of secularization that has been the experiences of Christian/Western finish especially since the 17th century (Encyclopedia of Religion 12, 1987). Thus, in such worldview, there is little role for determine or government intervention inthe efficient and equitable allocation and distribution of resources. When we identify whether social interest is served, the answer is that, government has given to everyone to pursue his/her interest, and they argue that social interest will mechanically serve. There is no doubt that under its secular and materialist worldview, the market system led to a prospicient period of prosperity, however, this unprecedented prosperity did not lead to the elimination of poverty or the fulfillment of everyones unavoidably in conformity with the Judeo-Christian value system even in the wealthiest countries. Even, Marx which is proponent of socialist ideology, came up with the notion, the methodological struggle for economists was to alienate political parsimoniousness from ethics. It is with Marx that the methodological conundrum in political economy became the demarcation of economic science from the ideology. So, the question later on, is there a place for exampleity in political economy? Leading thinkers on methodological issues hold adopted definition s of political economy that put the subject in a wider thought, and ultimately raise moral and religious issues. Pareto pointed out that political economy did not have to take morality into account, but an economist who extolled a particular practical measure should consider the moral as well as the economic consequences. Real men included not only piece oeconomicus, but excessively homo ethicus and homo religious. However, the economists who, in commending in law, consider only the economic issuing was, in Paretos view, not much of a theories. When science become advance, then notonly are the different parts of a phenomenon break awayd, but they are subsequently put together in a synthesis. Hence, the economic, ethical, and religious consequences have all to be taken into account. Nobel-laureate Amartya Sen has, therefore, rightly argued that the distancing of economics from ethics has impoverished welfare economics and also weakened the basis of a good deal of descriptive an d predictive economics and that economics can be made more(prenominal) productive by paying greater and more explicit attention to ethical consideration that shaped human behavior and judgment. Hausman and McPherson also conclude in their survey article sparings and Contemporary Moral Philosophy that An economy that is engaged actively and self-critically with the moral aspects of its subject matter cannot help but more interesting and more illuminating and, ultimately, more usable than one that tries not to be . In contrast with this, religious worldview give attention to both the material as well as the spiritual aspect of human well-being. Islam also support to that statement. In Islam, the dichotomy and separation from other aspects of life are considered as contradictory, incoherent, and meaningless. Since religion of Islam is not human creation of, and for immature man but it is a representative of a way of life for all times. Islam has come up with the concept of din, which is perfectly being taught ,including the Muslim worldview. As mentioned by Watt (1979, 3-4), the term din refer more to a ..whole way of lifecovers both the private and public/societal lives of man, it permeates the whole theoretical account of society, and included theological dogma, forms of worship, political theory, and a detailed code of conduct, including even matters which the European would classify as hygiene or etiquette.. In addition, an Muslim worldview gives the meaning and purpose in our actions. It also dealing with why and how we exist, and it means that actually what ethical or moral determine we should partake in, later on what character of behavior or actions we should consider as right or wrong. This is closely related with the concept of din in Islam. Since din is meant the place which man tested and asked by God to follow the straight means of the din. Therefore, all experience, notably economics tally, is basically corrigible except the noesis rev ealed by God. Furthermore, under the Islamic worldview, God has created the earth for the benefit of all creatures with man made as His vicegerent. He has made the resources of the universe available to man who has the responsibility to make the best use of these resources without spreading corruption.ISLAMIC WORLDVIEW AND MAQASID AS SYARIAHThe Islamic worldview also has well spell out objectives known as maqasid al-syariah. These are meant to promote the welfare of the stallion mankind, and enjoin on believers the safeguarding of their belief, their human self, their intellectual, their posterity, and their wealth. Furthermore, in dealings with this, Islam has encouraged co-operation to achieve Maslahah (benefit in every daylight communal life. The other parts of maqasid is launching justice which is indeed a manifestation of gods mercy, but may also be seen as a principal objective of the shariah in its own right. Justice as a value or primary objective of the shariah which is everyone in Islam must establish an chemical equilibrium between rights and obligations. The other purposes of maqasid is to educating the individual. In fact, in order to priority, it may even though to be placed before maslahah and adl. Essentially, community oriented values that acquire much of their meaning in the context of social relations, whereas the former seeks to make from each one individual a trustworthy agent just so as to strive to realize these values which benefit himself and the community. Indeed, the overall purpose of a great number of the obligation of the shariah, especially in the spheres of Ibadah and akhlaq, is to train the individual to acquire the virtues of taqwa, and thus, to aid the fulfillment of the objective.ISLAMIC WORLDVIEW AND ISLAMIZATION OF KNOWLEDGEIslamic worldview is one of paradigm which are Muslim must be having. Islamic worldview is considered as purpose in our actions, since it gives the answers to questions dealing with why and ho w we exist. Therefore, Islamic worldview is able to direct on what type of behavior or actions we should consider right or wrong. As worldview also is delimitate as how one sees the world. Hence, value is addicted to knowledge that one receives, because the information is processed by the knowledge-giver first before it passed down to the recipient. This knowledge, together with the value attached to it, is then assimilated into ones mental framework and worldview. Accordingly, due to the impact of worldviews and the values attached to knowledge that would impact ones perspective on life. Having viewed the important of knowledge, the Islamic scholars, such as Al Attas and Ismail Al-Faruqi come up with the notion, called to Islamization of Knowledge (IOK). Hence, IOK is a term which describes a variety of attempts and approaches to synthesize the ethics of Islam. Al- Attas adds up that the fundamental crisis of the innovational-day ummah to be epistemic in nature-that is having it s roots in the very conception of knowledge. This brought about the contents of their command by instinctive to takebold measure and introduce curriculum reform in particularly Islamic economics programme. Also, the further challenge in toll of knowledge, is that, the curriculum must has the ability to shed light the different between what is considered as knowledge and not. Al-Attas adds up to identify the confusion of knowledge must be eliminated et all since it can exhaust the moral values of Ummah and lead to a loss of adab and subsequently the rise of imitation leaders that would exacerbate the confusion of knowledge. Having realized of what important the IOK agenda is, we have to deal with the concept of exist modern knowledge which have been embodied in current system and how to develop IOK. In terms of the modern knowledge, Al-Attas had given his conception, is that, every Muslims have to call for the recognition of the proper authorities of knowledge. This means that since the modern knowledge or the west knowledge is at the forefront of science and technology and hence, Muslims are urged to mulctfrom them. However, the Muslim should possess the metaphysical (Islamic) worldview necessary to filter out theories, that are not in line with the aqidah and tasawwuf. He also graded that Muslim, in pursuit the knowledge, does not just stop at the reinterpretation of secular knowledge, but also should also possess the ability to form and establish new theories and solutions that support the Islamic worldview. And finally, the Muslim should be aware the supreme goal for knowledge is that the spiritual and immaterial in nature. Subsequently, to conduct IOK agenda drive to further discussions and interpretations. The spirit of how to consummate IOK agenda is that, the notion to integrate the two education stream, the inheritance and modern knowledge. Later on, in this context, Al-Alwani (1989, p.89) states that the IOK agenda require the combination of two readings. Therefore, the IOK agenda requires hexad discourses, namely articulating the Islamic paradigm of knowledge and developing a ledgeric Methodology, establishing a methodology which is dealing with the Quran and Sunnah, reexamining the Islamic intellectual heritage, dealing with the western intellectual heritage. Beside Al-Alwani, Ragab (1995, 1997, and 1999) was propounded the idea of creative engagement which ultimately was proposing a unified integral theoretical framework. He also signifies that the Islamizers should be qualified which are able to understand and mastery the substantive knowledge in the modern sciences , and has to involve in anunderstanding of the Islamic Worldview, and undecided of propounding a critical evaluation andmodification of modern social sciences from an Islamic viewpoint. Wan Mohd. Nor, 1998, alsoattempts to note that IOK can be done by those who have a profound grasp of the nature, spirit, and attributes of Islam as religion, culture, and civilization as well as western culture and civilization. Unless the Islamizers clearly understand the Islamic worldview, they may not know what need to be isolated and what need to be infused, what are acceptable, what are not and what the Islamic alternatives are. Since, according to Al-Attas, IOK is an epistemological and methodological concern, dealing with how Islamically creative minds can evaluate modern knowledge use Islamic benchmarks. Thus, at the end of the process, Islamizers fervently wish to come up with idea of reconstruction or reformulation of contemporary knowledge and disciplines, either those existing or the creation of new disciplines if necessary.CONCLUSIONIslamic worldview is considered and defined as general conception of the nature of the world in Islamic perspective. It contains a system of values principles, which establish on dien of Islam. Islamic worldview would give meanings and purpose of all actions done by human beings, particularly Muslims. M uslims will be guided and directed to the area of inline with aqidah, tasawuff, and syariah principles and values. Ethical or moral values is viewed to be a central and basic every endeavor in performing activities, which are categorized as ibadah or muamalah. Subsequently, one attempts to apply and synthesize the ethic of Islam with modern thought is by introducing Islamization of Knowledge (IOK). IOK seems to be essential to be established is shedding out and considered as positive ways to mitigate the problem of corruption of knowledge which is believed has brought up the backwardness of Muslims ummah. In its implementation, IOK agenda is trying to integrate between the heritage of Islam with modern knowledge by undertaking a certain methodology. Certainly, integrating of two types of knowledge need a qualified Islamizer which require to understand the Islamic worldview comprehensively and perfectly.The future of Conventional AccountingThe conventional Western double-entry based explanation technology is well-suited to an orthodox, positivist society of any kind. It is not surprising that it is proving inadequate, as people are returning to more integrated world views, whether Islamic or otherwise (Hayashi, 1989)Critics on Conventional AccountingExternalities is not included in financial report (Lee Parker, environmental accounting)Intangible summation cannot be measured adequately(Lev Baruch)Human resources and employee reporting interest are not included.Social Interest is unmarkedPromote the exploitation of capitalist over labor and society.Promote the concentration of wealth and power o the hand of the rich.What is Islam?Peace (in this world and hereafter)obedience to Allah as his/her God, comply with the motivation of Gods creation of Man, which is to serve Allah, to be his viceregent on earth.A comprehensive worldview, a unity of God, and an integration between world and hereafter.Islamic principles truth, justice, funfair, goodwill, honesty, ben evolent, answerability before the God.Islams epistemology of Devine UnityThe Islamic world view is thereby, the comprehensive and universalizing, overreaching and complementing design of reality that is acquaint on the epistemology of divine unity and is evolved into intellection through the process orientation model of unification of knowledge in world system as derived from the primal sources of divine unity.Islamic RulesAllah (God) gives two guidance for mankindal-Quran (revealed world of God ) andHadist/Sunnah Prophet Saying, Gods inspired acts, description of the conduct of the prophets companion of which Mohammad was uncritical.Ijtihad/ijma shuratic and consensus process.Guidance are related to all daily life of mankind including in melodic line, management, and finance.The phenomena of nature can be also a sign of Gods power and existence.The purpose of shariah (Islamic law)To promote the welfare of the people which lies onSafeguarding of their faithTheir lifeTheir intellec tTheir posterity andTheir WealthQuranic verse on Accountingi.e. Albaqarah (2) ayah 282Oh you who believe When you deal with each other, in transaction involving future obligations in a fixed period of time, reduce them in writing. let a scribe write down faithfully as between parties.There is an integration between worship ritual and socio-economy-politico and daily life of mankind.Allah rules out business and accounting.Islamic accounting Hayashiis an integrated discipline with social, political and economic domain ruled by Allah or meta rule. Islamic accounting should regulate and establish a harmonious integration among the parties of these diverse domain.Ancient Accounting Role in Islamic suppose is Muhasabah, it meansCalculation of ones actClear the account, make neutralTo take care of, to try to buzz offTo anticipate a reward in the hereafterTo take into account, into considerationTo order Muslim to perform their dutiesTo avoid fraudulent practices in business and society, t o check illegal contract, keep free market and fair price, prevent necessities from being hoarded. (Hayashi, 1989)Islamic Accounting1. To report accurate income determination2. To promote efficiency and lead3. To comply with the shariah (Islamic principles)4. Commitment to justice5. To report a good things6. To adapt to positive social change.Conventional vs Islamic AccountingConventional AccountingBased upon modern commercial law-permissive rather than ethicalLimited disclosure (provision of information subject to public interest) Personal right (focus on individuals who control resources)Economic rationalism Secular IndividualisticProfit maximizationSurvival of fittestProcessAbsolute ownership(Ec. rationalism the desire to stand apart from others, to compete, to manipulate and to amass surplus)Individuality oriented Focus on identity element aspect without consider any social aspects Accounting Law and Ethics SecularThe normative accounting always influencing descriptive acco unting or individuality interestIn operational, they permit everything to reach the highest attain whole tone as highest possible doughHistorical CostFirm doses not have separate financial obligation (I.e profit sharing scheme)Depend on contractual agreement between partyOne lunar year for zakat calculationQuantity based and monetary based (zakat calculation)Importance for fulfillment of duties and obligation to God, society and individual.Clear conscience with God in fulfilling all duties.Consistence to shariah rulesmost favorable to society (justice)Islamic AccountingBased upon ethical law originating in the Quran (Islamic law, As-Sunnah) to the full disclosure (to satisfy any reasonable demand for information in accordance with the Sharia) Public accountability (focus on the community who participate in exploiting resources)Unity of GodReligiousCommunalReasonable profitEquityEnvironmentRelative ownership Focus on society aspectBasically Al Quran As Sunnah (Shariah)Religious (must responsibility to God at the Judgment Day)No specialism between Normative and Descriptive Accounting (They always going simultaneously) In operational, they do everything in boundaries of Islam (Shariah)Measure as saleable valueMarket (selling) price rather than historical costEntitySeparation between business and ownersgoing concern Business continues foreverAccounting period Periodical measurement of performanceunit of measure Monetary ValueFull disclosure principle Decision making processobjectivity Reliability of measurementMateriality Relative importance of information for decision makingConsistency Consistency based on GAAPConservatism Use least favorable impact on owners