Methodology of Islamic economics: Typology of current practices, evaluation and way forward

Methodology of Islamic economics: Typology of current practices, evaluation and way forward

The sustainable development of Islamic economics as a discipline depends also on methodological development that provides a clear direction on how to appraise economic theories and provide evidence of its reliability. This paper attempts to study the methodology of Islamic economics in two ways:...

Full description

Bibliographic Details
Main Authors: Furqani, Hafas, Haneef, Mohamed Aslam
Format: Book Chapter
Language:English
Published: Bloomsbury Qatar Foundation Journals 2015
Subjects:
TA Engineering (General). Civil engineering (General)
Online Access:http://irep.iium.edu.my/46583/
http://irep.iium.edu.my/46583/1/46583.pdf
id iium-46583
recordtype eprints
spelling iium-465832016-07-26T07:59:46Z http://irep.iium.edu.my/46583/ Methodology of Islamic economics: Typology of current practices, evaluation and way forward Furqani, Hafas Haneef, Mohamed Aslam TA Engineering (General). Civil engineering (General) The sustainable development of Islamic economics as a discipline depends also on methodological development that provides a clear direction on how to appraise economic theories and provide evidence of its reliability. This paper attempts to study the methodology of Islamic economics in two ways: (1) by examining the works by scholars in their specific writings on this subject, and (2) by observing the writings on Islamic economics, banking and finance to see how Islamic economists develop their discipline. The paper found three categories of writings, namely: (1) the usul al-fiqh methodology applied in economics, (2) methodological pluralism that tries to utilize various methodologies developed in both western and Islamic tradition, and (3) conventional mainstream positive economic methodology applied in Islamic cases. These are evaluated thoroughly and suggestions are made as to what needs to be done to assist Islamic economics’ develop. Bloomsbury Qatar Foundation Journals 2015 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/46583/1/46583.pdf Furqani, Hafas and Haneef, Mohamed Aslam (2015) Methodology of Islamic economics: Typology of current practices, evaluation and way forward. In: Developing inclusive and sustainable economic and financial systems. Bloomsbury Qatar Foundation Journals, pp. 23-30. ISBN 978-9927-118-22-7
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic TA Engineering (General). Civil engineering (General)
spellingShingle TA Engineering (General). Civil engineering (General)
Furqani, Hafas
Haneef, Mohamed Aslam
Methodology of Islamic economics: Typology of current practices, evaluation and way forward
description The sustainable development of Islamic economics as a discipline depends also on methodological development that provides a clear direction on how to appraise economic theories and provide evidence of its reliability. This paper attempts to study the methodology of Islamic economics in two ways: (1) by examining the works by scholars in their specific writings on this subject, and (2) by observing the writings on Islamic economics, banking and finance to see how Islamic economists develop their discipline. The paper found three categories of writings, namely: (1) the usul al-fiqh methodology applied in economics, (2) methodological pluralism that tries to utilize various methodologies developed in both western and Islamic tradition, and (3) conventional mainstream positive economic methodology applied in Islamic cases. These are evaluated thoroughly and suggestions are made as to what needs to be done to assist Islamic economics’ develop.
format Book Chapter
author Furqani, Hafas
Haneef, Mohamed Aslam
author_facet Furqani, Hafas
Haneef, Mohamed Aslam
author_sort Furqani, Hafas
title Methodology of Islamic economics: Typology of current practices, evaluation and way forward
title_short Methodology of Islamic economics: Typology of current practices, evaluation and way forward
title_full Methodology of Islamic economics: Typology of current practices, evaluation and way forward
title_fullStr Methodology of Islamic economics: Typology of current practices, evaluation and way forward
title_full_unstemmed Methodology of Islamic economics: Typology of current practices, evaluation and way forward
title_sort methodology of islamic economics: typology of current practices, evaluation and way forward
publisher Bloomsbury Qatar Foundation Journals
publishDate 2015
url http://irep.iium.edu.my/46583/
http://irep.iium.edu.my/46583/1/46583.pdf
first_indexed 2018-09-07T06:42:55Z
last_indexed 2018-09-07T06:42:55Z
_version_ 1610930009902415872

Similar Items