Rethinking Islamic economics

Other Title(s)

إعادة التفكير في الاقتصاد الإسلامي

Author

Ibrahim, Mansur Haji

Source

Journal of King Abdulaziz University : Islamic Economics

Issue

Vol. 32, Issue 2 (31 Jul. 2019), pp.119-124, 6 p.

Publisher

King Abdulaziz University Scientific Publishing Center

Publication Date

2019-07-31

Country of Publication

Saudi Arabia

No. of Pages

6

Main Topic

Economy
Religion
Islamic Studies

Topics

Abstract EN

The emergence of Islamic viewpoints on economic issues under the umbrella of Islamic economics has captivated much interest especially in its practical manifestation in Islamic banking and finance.

In light of the failure of mainstream economics to address many pressing issues, and hence the need for alternative views, this paper offers assessments of Islamic economics whether (i) it is relevant to this need, (ii) it has progressed to the extent that it has been made to become relevant, and (iii) it is also in need of reform.

While I argue that Islamic economics is relevant, it falls short of expectations on the second issue.

The major reasons being: (a) the lack of progress in Islamic economics theory, (b) the similarity of Islamic economic practices in the forms of Islamic finance to conventional finance, and (c) its limited ability thus far to embrace multi-perspective views.

On the basis of these, I conclude that Islamic economics is also in need of reform

American Psychological Association (APA)

Ibrahim, Mansur Haji. 2019. Rethinking Islamic economics. Journal of King Abdulaziz University : Islamic Economics،Vol. 32, no. 2, pp.119-124.
https://search.emarefa.net/detail/BIM-888366

Modern Language Association (MLA)

Ibrahim, Mansur Haji. Rethinking Islamic economics. Journal of King Abdulaziz University : Islamic Economics Vol. 32, no. 2 (Jul. 2019), pp.119-124.
https://search.emarefa.net/detail/BIM-888366

American Medical Association (AMA)

Ibrahim, Mansur Haji. Rethinking Islamic economics. Journal of King Abdulaziz University : Islamic Economics. 2019. Vol. 32, no. 2, pp.119-124.
https://search.emarefa.net/detail/BIM-888366

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references : p. 123

Record ID

BIM-888366