CORELATION BETWEEN ISLAM AND ECONOMY. This paper aims to identifies about the correlation between economic and Islam. Islam is the perfect religion that governs all things in life, including the economy. This is evident with the concept of well-being which is described in the al-Quran and Sunnah. Basically the goal of every human life is to prosper, although humans make sense of well- being with a different perspective. Most understand economics assume that welfare is the welfare of earthly material. But to make sense of well-being with the term al-Falah, is meaning holistic wellbeing and balance between material and spiritual dimensions. al-Quran and Sunnah have taught that the human being will be achieved if living in balance between ...