Islamic economics and prospects for theoretical and empirical research
Other Title(s)
الاقتصاد الإسلامي و آفاق البحوث النظرية و التطبيقية
Author
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 30, Issue 1 (31 Jan. 2017), pp.3-20, 18 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2017-01-31
Country of Publication
Saudi Arabia
No. of Pages
18
Main Subjects
Abstract EN
This paper examines the nature, scope and methodology of Islamic economics, and draws attention to some possibilities for theoretical and empirical research in this field.
Islamic economics is defined as the systematic study of the problem of allocation of resources, production of goods and services and distribution of output, income and wealth in an economy in the light of the Qur’ān and the Sunnah.
It has relevance for not only Muslims but also others interested in durable solutions to problems of financial crises, inflation, unemployment, poverty and economic inequalities.
The discipline is concerned with the description (of ground realities) and prescription (of solutions for economic issues) in the light of the leads in the Qur’ān and the Sunnah.
The Sharīʿah basis of Islamic economics, with a supportive role for fiqh, holds the key in building Islamic economics.
The approach recommended for this purpose is reconstruction of Islamic economics rather than Islamization of economics.
On the theoretical side, this paper lays emphasis on basic research for strengthening the theory of Islamic economics to fill the knowledge gap on, among other things, Islamic economic system, Islamic economy, the Sharīʿahbased transactions matrix, nature and role of government in modern times and review of economic policy agenda.
On the empirical side, it highlights some matters related to data and empirical work
American Psychological Association (APA)
Tahir, Sayyid Muhammad. 2017. Islamic economics and prospects for theoretical and empirical research. Journal of King Abdulaziz University : Islamic Economics،Vol. 30, no. 1, pp.3-20.
https://search.emarefa.net/detail/BIM-734989
Modern Language Association (MLA)
Tahir, Sayyid Muhammad. Islamic economics and prospects for theoretical and empirical research. Journal of King Abdulaziz University : Islamic Economics Vol. 30, no. 1 (Jan. 2017), pp.3-20.
https://search.emarefa.net/detail/BIM-734989
American Medical Association (AMA)
Tahir, Sayyid Muhammad. Islamic economics and prospects for theoretical and empirical research. Journal of King Abdulaziz University : Islamic Economics. 2017. Vol. 30, no. 1, pp.3-20.
https://search.emarefa.net/detail/BIM-734989
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 17-19
Record ID
BIM-734989