Mechanisms of Islamic Political Jurisprudence for Addressing Economic Insecurity (With an Emphasis on Imami Jurisprudence)

Abstract

The process of economic threats in any nation constitutes one of the most significant dangers that expose vulnerable and low-income populations to substantial risks. Given that Islamic jurisprudence in general, and Islamic political jurisprudence in particular, serve as the governing law for society and the Islamic system, it is imperative to examine the mechanisms that Islamic political jurisprudence has considered within the context of justice to address economic threats. The primary research question is: What mechanisms are considered in political jurisprudence to address economic insecurity? The author hypothesizes that significant solutions have been proposed for managing economic insecurity in political jurisprudence. Analytical-descriptive methodology and library-based research tools were employed to address this question and test the hypotheses. The findings indicate that to achieve a robust economy, the initial step is to establish a system. The system is characterized by sound governance. Sound governance has the following indicators and criteria: 1. The right of all citizens to express the opinions and accountability of officials; 2. political stability and durability; and 3. the effectiveness of the system in managing the community and country, and 4. Quality of laws and regulations in various sectors; 5. The rule of law; 6. Oversight and control. Subsequently, Islamic political jurisprudence implemented rigorous measures to address economic threats. Major economic threats include fraud, money laundering, embezzlement, bribery, hoarding, price gouging, underpricing, and related issues.