The International Monetary Fund (IMF) has predicted a difficult 2023 as it slashed growth
forecasts and forecast economic contraction in many countries.

Which will mean like an unwanted global crisis. Including many Islamic countries will be trapped in a crisis.

That is why, it is important for Islamic countries to build their own economic capabilities. Building the capacity to meet food and energy needs without any dependence on other parties is very important for Islamic countries.

This is because food and energy security are pillars of national resilience and defense as well as pillars of development in other sectors.

The inability of a country to achieve food and energy independence is a form of weakness of that country.

Dependence on other countries will lead to disruption of resilience and security.

Therefore food and energy imports are not a wise choice for a country that wants to grow strong.

It is fitting for Muslims to measure their own capabilities while trying to initiate energy and food independence.

Naturally, Muslim countries are rich countries and have sufficient energy and food availability.

Oil reserves (proven oil reserves) in all Islamic countries is 998 billion barrels.

Total crude oil production in 2019 is around 12 billion barrels per year.

In 2020, this production fell due to the Covid-19 pandemic and the world consumption fell.

The largest oil producing countries are Saudi Arabia, Iran, Iraq, Kuwait and the United Arab Emirates.

Their gas reserves are 117 trillion cubic meters. Annual production is 1.3 trillion cubic meters, or the equivalent of 8.8 billion barrels.

Currently, nearly half of oil and gas production, which together is around 20.8 billion barrels, is exported to the US, European Union or China.

Total energy consumption in Muslim countries is equivalent to 10.4 billion barrels of oil per year.

For food, staple food grain production is 425 million tons a year.

The problem is, many of these grains are exported to developed countries because the fields have been contracted to foreign businessmen.

The meat production is estimated at 36.8 million tons.

The largest meat-producing Muslim countries are Turkey, Pakistan, Indonesia, Iran and Egypt.

If this is divided by the population, you will get a figure of 21 kg of meat per person per year, or 58 grams per person per day.

This is a small number for daily nutritional composition.

However, Muslim countries have varied availability of meat, namely fish, poultry or vegetable protein substitutes for meat such as tofu and tempeh.

Based on this reality, the Islamic world does not need other countries in terms of energy and food.

It is not fitting for Muslim countries to have the phenomenon of poverty, acute hunger or malnutrition.

Building a global market in the Islamic world Indeed, has a unique way of turning a country into an independent and anti-crisis state.

Implementation of Islam in totality will make the country self-sufficient.

Starting from the characteristics of Islamic economic politics that humanize humans; ownership arrangements; crisis-resistant currency to a market based on the real sector.

1- Characteristics of Islamic economic politics that humanize humans. Islamic economic politics is a guarantee of the fulfillment of all primary needs (clothing, food and shelter) for everyone as well as the fulfillment of their secondary and tertiary needs according to their level of ability as individuals who live in a certain society that has a distinctive lifestyle.

To realize this, the State can take a series of policies to ensure the fulfillment of domestic needs.

Export is not the main goal if the needs of the domestic community have not been met.

In order for the availability of energy and food to be available in sufficient quantities, the State can carry out extensification and intensification of food and energy.

Develop expert human resources, support technological research and development of the food industry so that all related needs can be met without depending on imports.

Starting from fertilizers, medicines and other farming production facilities.

To ensure that injustice does not occur in the market, the State exists to create justice.

Starting from ensuring that there is no bottleneck in the economic supply chain due to the behavior of individuals who like to hoard food; supervising the process of formation of prices according to market mechanisms; to the potential for tyranny against traders in the market due to thuggery and unscrupulous persons.

2- Ownership settings. In Islam, the concept of ownership is divided into three, namely: (1) private property; (2) public property; (3) state-owned.

Energy is included in the category of public property.

The food business is included in the individual category.

Regarding individual ownership, the state only ensures that there is no market distortion.

The state in punishing fraudulent, unjust and hoarding of food products.

There is no special treatment for certain individuals in the food business.

With that the exclusivity of the food market in Islam can be prevented.

The market in the Islamic world is an inclusive market that provides equal rights for all citizens to do business in a way that is permitted by sharia.

As for energy, Islam views that the law of origin belongs to the people.

Energy products by themselves are not goods that may be traded.

Energy must be enjoyed by the community at a low price.

The implementation of Islam by itself rejects all forms of corporate control of the energy sector.

The Khilafah State will never allow private companies to control energy let alone foreign private companies.

If the Khilafah is established then all private ownership of the energy sector will soon be taken over by the State. The result, for the whole society.

In addition to existing energy sources, the State seeks to develop technology to intensify and extensify energy; also strives to produce new and renewable energy sources.

3- A crisis-resistant currency. One of the culprits of the world crisis is paper currency that is not based on gold and silver.

As a result, the world is very prone to experiencing a weakening of the exchange rate, the value of money continues to weaken from time to time, the world experiences non-stop inflation.

In Islam, currency must be gold and silver standard.

Currency with a silver gold standard has a stable exchange rate and is resistant to inflation.

4- Real sector-based market– Islamic economics is an economy based on the real sector.

Islam does not recognize the non-real sector as in the capitalist economic system.

Islam views economic activity only in the real sector, such as agriculture, industry, trade and services.

It is from this sector that economic activity is encouraged to develop forward.

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