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Integration of Sharia Economic Philosophy and Pancasila Economics: A Perspective for Indonesia

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Conceptual analysis highlights shared values between sharia and pancasila economics, suggesting pathways for cooperative strategies.

Sharia and Pancasila economics promote social justice and collective welfare, emphasizing equitable wealth distribution.
Both systems reject extreme individualism and materialism, focusing on community welfare through principles like gotong royong.
Islamic economics strictly follows teachings prohibiting usury and mandating zakat, while Pancasila economics offers more flexibility.
Synergy between these systems can enhance economic policies to support community-based development in Indonesia.

Kholil et al. (2025) studied this question.

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