Methodology of Islamic economics: overview of present state and future direction
This paper argues that research and publications in the area of methodology of Islamic economics is very significant for a meaningful development of the discipline. Although the discussion on methodology of Islamic economics in contemporary Islamic economics literature is rather limited, this pap...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
International Islamic University Malaysia
2011
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/41671/ http://irep.iium.edu.my/41671/1/METHODOLOGY_OF_ISLAMIC_ECONOMICS_IJEMA_19-1%282011%29.pdf |
| _version_ | 1848782155646238720 |
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| author | Haneef, Mohamed Aslam Furqani, Hafas |
| author_facet | Haneef, Mohamed Aslam Furqani, Hafas |
| author_sort | Haneef, Mohamed Aslam |
| building | IIUM Repository |
| collection | Online Access |
| description | This paper argues that research and publications in the area of methodology
of Islamic economics is very significant for a meaningful development of the
discipline. Although the discussion on methodology of Islamic economics
in contemporary Islamic economics literature is rather limited, this paper
reviews the works of selected scholars who have attempted to present works on
‘methodology’ and their approach to the process of theory building in Islamic
economics. The paper then presents some implications of these views based
on the position that methodology investigates the criteria, rationalizations,
arguments and justifications used in theory appraisal as well as evaluating the
reliability of theories, this paper concludes that greater resources, both human
and financial, need to be channeled to developing uÎūl al-iqtiÎād, a fundamental,
but vastly, neglected area of research in contemporary Islamic economics.
JEL Classification: B41, B49, B59, Z12
Key words: Methodology, Islamic economics, uÎūl al-iqtiÎād. |
| first_indexed | 2025-11-14T16:00:58Z |
| format | Article |
| id | iium-41671 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:00:58Z |
| publishDate | 2011 |
| publisher | International Islamic University Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-416712015-07-02T03:05:31Z http://irep.iium.edu.my/41671/ Methodology of Islamic economics: overview of present state and future direction Haneef, Mohamed Aslam Furqani, Hafas HB Economic Theory This paper argues that research and publications in the area of methodology of Islamic economics is very significant for a meaningful development of the discipline. Although the discussion on methodology of Islamic economics in contemporary Islamic economics literature is rather limited, this paper reviews the works of selected scholars who have attempted to present works on ‘methodology’ and their approach to the process of theory building in Islamic economics. The paper then presents some implications of these views based on the position that methodology investigates the criteria, rationalizations, arguments and justifications used in theory appraisal as well as evaluating the reliability of theories, this paper concludes that greater resources, both human and financial, need to be channeled to developing uÎūl al-iqtiÎād, a fundamental, but vastly, neglected area of research in contemporary Islamic economics. JEL Classification: B41, B49, B59, Z12 Key words: Methodology, Islamic economics, uÎūl al-iqtiÎād. International Islamic University Malaysia 2011 Article PeerReviewed application/pdf en http://irep.iium.edu.my/41671/1/METHODOLOGY_OF_ISLAMIC_ECONOMICS_IJEMA_19-1%282011%29.pdf Haneef, Mohamed Aslam and Furqani, Hafas (2011) Methodology of Islamic economics: overview of present state and future direction. International Journal of Economics, Management & Accounting , 19 (1). pp. 1-26. ISSN 0128-006 http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/175/144 |
| spellingShingle | HB Economic Theory Haneef, Mohamed Aslam Furqani, Hafas Methodology of Islamic economics: overview of present state and future direction |
| title | Methodology of Islamic economics: overview of present state and future direction
|
| title_full | Methodology of Islamic economics: overview of present state and future direction
|
| title_fullStr | Methodology of Islamic economics: overview of present state and future direction
|
| title_full_unstemmed | Methodology of Islamic economics: overview of present state and future direction
|
| title_short | Methodology of Islamic economics: overview of present state and future direction
|
| title_sort | methodology of islamic economics: overview of present state and future direction |
| topic | HB Economic Theory |
| url | http://irep.iium.edu.my/41671/ http://irep.iium.edu.my/41671/ http://irep.iium.edu.my/41671/1/METHODOLOGY_OF_ISLAMIC_ECONOMICS_IJEMA_19-1%282011%29.pdf |