Economic Traditions and Practices of the Period Prophet Muhammad SAW

Abstract

This article aims to examine the economic traditions and practices of Islam during the time of the Messenger of Allah (Prophet Muhammad). Islamic economics is an economic system rooted in the values ​​of Islamic teachings, as derived from the Quran and the Hadith. The implementation of Islamic economics seeks to foster a civil society (*madani* society). As an exemplary figure for all humanity across every aspect of life, Prophet Muhammad transformed the economic system to ensure the well-being of all people. Following the pre-Islamic era, the Prophet—in his capacity as a leader and the Messenger of Allah—restructured the state’s economic and financial systems in accordance with the provisions of the Quran and the *Sunnah*. Furthermore, Prophet Muhammad served as the primary pioneer in the implementation of Islamic economic policies.