Islamic Economics
Islamic Economics

Author: Abul Hassan

Publisher: Routledge

Published: 2019-01-10

Total Pages: 332

ISBN-13: 0429777930

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This book is a comprehensive study, which provides informed knowledge within the field of Islamic economics. The authors lay down the principal philosophical foundation of a unique and universal theory of Islamic economics by contrasting it with the perspectives of mainstream economics. The methodological part of the theory of Islamic economics arises from the ethical foundations of the Qur'an and the Sunnah (tradition of the Prophet) along with learned exegeses in an epistemological derivation of the postulates and formalism of Islamic economics. This foundational methodology will be contrasted with the contemporary approaches of the random use of mainstream economic theory in Islamic economics. The book establishes the methodological foundation as the primal and most fundamental premise of the study leading to scientific formalism and the prospect of its application. By way of its Islamic epistemological explanation (philosophical premise) in the form of logical formalism and the use of simple real-world examples, the authors show the reader that the scientific nature of economics in general and Islamic economics in particular rests on the conception of the scientific worldview. With its uniquely comparative approach to mainstream economics, this book facilitates a greater understanding of Islamic economic concepts. Senior undergraduate and graduate students will gain exposure to Islamic perspectives of micro- and macroeconomics, money, public finance, and development economics. Additionally, this book will be useful to practitioners seeking a greater comprehension of the nature of Islamic economics. It will also enable policymakers to better understand the mechanism of converting institutions, such as public and social policy perspectives.

The Foundations of Islamic Economics
The Foundations of Islamic Economics

Author: Hafas Furqani

Publisher:

Published: 2012

Total Pages: 568

ISBN-13:

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The study explores aspects of the philosophical foundations of Islamic economics to determine if it qualifies to be called a scientific discipline. To qualify, it has to have a clear subject matter, a well-defined body of knowledge, methodology or methodologies to appraise theories and progress in its development. In almost four decades of its development, the study argues that the discourse on these foundations has been relatively limited and this has stunted its genuine and sustainable progress. Qualitative library research with discourse analysis representing the discursive tradition in Islamic scholarship is employed in this study. By observing the present state of affairs in the literature of Islamic economics and utilizing works on philosophy of science in both Islamic and Western traditions, the study attempts to develop the foundational core of Islamic economics as a scientific discipline that will serve as a platform from which further development can take place. The research first discusses the concept of worldview that acts as the unseen foundation of all bodies of knowledge and action; hence it has clear implications for the development of the discipline. The study approaches the subject matter under the specific branches of philosophy- the ontological, epistemological and axiological dimensions- to provide a more systematic reflection of those foundations of Islamic economics. Two chapters each discuss the three dimensions: one generally critically surveys the literature, while the second provides inputs for the 'Islamic perspective' in those dimensions. The ontological dimension of Islamic economics investigates the nature and fundamental elements of Islamic economics, including its definition, subject matter, nature and scope. The epistemological dimension analyses how the various sources of knowledge in Islam impact the methodology of Islamic economics and affects the criteria, principles and purpose of theory appraisal and evaluation. The axiological dimension examines the concept of values in an Islamic economic system and how these values can be incorporated in both theory and policy prescriptions. The study concludes that genuine Islamic economics must proceed from a sound foundation/philosophy of Islamic economics and that more serious research should be undertaken in this area of research.

Revisiting Islamic Economics
Revisiting Islamic Economics

Author: Nabil El Maghrebi

Publisher: Palgrave Macmillan

Published: 2023-10-24

Total Pages: 0

ISBN-13: 9783031411335

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This book discusses the need for a paradigm shift from Islamic economics universe of discourse to Iqtisād, a socio-economic system that is entirely independent from other economic doctrines and systems of thought. It provides an overview of critiques of the science and dogma of mainstream, orthodox, neoclassical, or simply Economics, with its axioms of rationality, scarcity, and unlimited wants. There is also a critical analysis of Islamic economics, and its failures to set its own policy agenda and development objectives. Our contention in this book is that Iqtisād--the Qur’an’s vision of how the economy is to be arranged—provides such a paradigm with a radically different philosophical foundation from that of Economics to the point that makes grafting one onto the other Impossible. Iqtisād offers a genuine and authentic Islamic paradigm with unique etymological and philosophical foundations. It is a unique system that derives its organizing principles from the principal source of the Quran, rather than Economics. The logical coherence of its immutable system of rules compliance, institutional structures, and risk-sharing relations provides the foundations for economic dynamism, financial stability, and shared prosperity. It ensures that resources are efficiently managed, poverty is eradicated, income and wealth mal-distributions are corrected, and the internal sources of economic injustices gripping human societies are eliminated. The Impossibility Theorem proposed in this book implies that, metaphysically, ontologically, epistemologically, axiologically, and teleologically, the two polar cases of Iqtisād and Economics are so radically different to rule out any grafting of one onto the other in order to present an intermediate paradigm with a synthetic discipline called Islamic economics. Given its multidisciplinary contents, this book will be of interest to a wide audience, including economists, policymakers, philosophers, theologians, and jurists, and can guide also free-thinking readers to a clarity of understanding about the conditions of humanity and the imperative of change with a sincerity of purpose and coherence in knowledge.

Non-Western Educational Traditions
Non-Western Educational Traditions

Author: Timothy G. Reagan

Publisher: Routledge

Published: 2004-09-22

Total Pages: 382

ISBN-13: 1135615667

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This text provides a brief yet comprehensive overview of a number of non-Western approaches to educational thought and practice. Its premise is that understanding the ways that other people educate their children--as well as what counts for them as "education"--may help us think more clearly about some of our own assumptions and values, and to become more open to alternative viewpoints about important educational matters. The value of this informative, mind-opening text for preservice and in-service teacher education courses is enhanced by "Questions for Discussion and Reflection" and "Recommended Further Readings" included in each chapter. New in the Third Edition: *Chapter 2, "Conceptualizing Culture:" 'I, We, and The Other,' is new to this edition. It is a response to feedback about the problems inherent in our general discourse about "culture," and in addition provides an example of a culture that is near to us but nevertheless alien-the culture of the Deaf-World. *Chapter 9-which deals with Islam and traditional Muslim education-has been substantially revised. *The subtitle of the Third Edition has been changed to Indigenous Approaches to Educational Thought and Practice, reflecting not so much a change in the emphases found in the book, but rather, a recognition of the growing scholarly interest in indigenous peoples, their languages, cultures, and histories. *Various points throughout the text have been expanded and clarified, and chapters have been updated as needed.

Islamic Economics and Finance
Islamic Economics and Finance

Author: Javed Ahmad Khan

Publisher: Burns & Oates

Published: 1995

Total Pages: 184

ISBN-13:

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Islamic economics is one of the most significant aspects of the Islamic resurgence in the Muslim world. Its development during the last twenty-five years has been so impressive that it has become difficult to keep pace with the growing literature emanating from every part of the world. It has attracted world-wide attention and scholars and researchers are endeavouring to explore all aspects of Islamic economics. Islamic economics is now taught as an academic discipline in the universities of Islamic countries. This bibliography consists of some 1600 entries in the English language, covering the last twenty years. Entries are drawn from published and unpublished sources, including books, articles, dissertations, theses and conference papers. It includes author and subject indexes, and an appendix listing the most important journals devoted exclusively to the theory and practice of Islamic economics.

Toward Islamization of Disciplines
Toward Islamization of Disciplines

Author: International Institute of Islamic Thought

Publisher:

Published: 1989

Total Pages: 580

ISBN-13:

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This book, Toward Islamization of Disciplines, is a compilation of selected papers presented at the Third International Conference on Islamization of Knowledge, sponsored by the International Institute of Islamic Thought, in cooperation with the Ministry of Youth and Culture of Malaysia, July 26-31 1984 A.C. / 27th Shawwal -2nd Dhu al Qiddah 1404 A.H. This Conference, which attracted major leaders, educators and scholars from around the world, confirmed the growing appeal of the concept of "Islamization" among Muslim scholars; moreover it indicated that this concept has spread beyond the bounds of academia and has become the concern of peoples, institutions and governments. The selected papers, reproduced in this book, aptly reflect this historic trend. Some of the highlights offered in this book include a keynote address by Malaysia's Prime Minister, Dr. Mahathir Muhammad; a pioneering critique on Western Anthropology, Toward Islamic Anthropology, by Akbar Ahmad; a revealing exegesis of Western philosophy, The Balance Sheet of Western Philosophy in This Century, by Roger Garoudy; and 'AbdulHamid AbuSulayman's Concepts of Reconstruction: Methodology in Contemporary Muslim Thought (in Arabic). Both Muslim and non-Muslim scholars and researchers will find a wealth of thought-provoking ideas and concepts among these works.