Rethinking the structure of Islamic economics: the economic man imperative
The end of value-free economics presents a positive outlook for Islamic economics. Nonetheless, progress is only viable when this discipline has a solid scientific structure. Thus, this paper aims to highlight the economic man imperative in projecting Islamic economics as a normal science. This pape...
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| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
2016
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| Online Access: | http://irep.iium.edu.my/57857/ http://irep.iium.edu.my/57857/1/camera%20ready%20universal%20man%20ICIEF%202016-360.pdf http://irep.iium.edu.my/57857/7/57857_Rethinking%20the%20structure%20of%20Islamic%20economics.pdf |
| _version_ | 1848785008854040576 |
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| author | Mohd Yusop, Mohd Mahyudi |
| author_facet | Mohd Yusop, Mohd Mahyudi |
| author_sort | Mohd Yusop, Mohd Mahyudi |
| building | IIUM Repository |
| collection | Online Access |
| description | The end of value-free economics presents a positive outlook for Islamic economics. Nonetheless, progress is only viable when this discipline has a solid scientific structure. Thus, this paper aims to highlight the economic man imperative in projecting Islamic economics as a normal science. This paper first explores Islamic economics’ current state of readiness to fulfill its promising future. Unfortunately, the authoritative view is that Islamic economics is not in proper order. Consequently, Arif’s (1985a and 1985b) Islamic economics scientific structure is utilized to locate that stage which requires serious improvement. At the basis of micro-foundation stage, the economic man imperative emerges out of this identification exercise. Thus, the most important implication here is the replacement of homo Islamicus with the concept of ‘universal man’ which proffers several advantages. Apart from the other stages in the structure, this ‘universal man’ needs immediate refinement to strengthen the edifice of Islamic economics science. |
| first_indexed | 2025-11-14T16:46:19Z |
| format | Proceeding Paper |
| id | iium-57857 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:46:19Z |
| publishDate | 2016 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-578572017-08-03T07:02:19Z http://irep.iium.edu.my/57857/ Rethinking the structure of Islamic economics: the economic man imperative Mohd Yusop, Mohd Mahyudi BP1 Islam BP173.75 Islam and economics HB71 Economics as a science The end of value-free economics presents a positive outlook for Islamic economics. Nonetheless, progress is only viable when this discipline has a solid scientific structure. Thus, this paper aims to highlight the economic man imperative in projecting Islamic economics as a normal science. This paper first explores Islamic economics’ current state of readiness to fulfill its promising future. Unfortunately, the authoritative view is that Islamic economics is not in proper order. Consequently, Arif’s (1985a and 1985b) Islamic economics scientific structure is utilized to locate that stage which requires serious improvement. At the basis of micro-foundation stage, the economic man imperative emerges out of this identification exercise. Thus, the most important implication here is the replacement of homo Islamicus with the concept of ‘universal man’ which proffers several advantages. Apart from the other stages in the structure, this ‘universal man’ needs immediate refinement to strengthen the edifice of Islamic economics science. 2016-10-11 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/57857/1/camera%20ready%20universal%20man%20ICIEF%202016-360.pdf application/pdf en http://irep.iium.edu.my/57857/7/57857_Rethinking%20the%20structure%20of%20Islamic%20economics.pdf Mohd Yusop, Mohd Mahyudi (2016) Rethinking the structure of Islamic economics: the economic man imperative. In: 11th International Conference on Islamic Economics and Finance (ICIEF), 11th-13th October 2016, Kuala Lumpur. (Unpublished) https://submit.confbay.com/download/ICIEF_2016_Programme_Book_11th_ICIEF_2016_gdPEH05dUq.pdf |
| spellingShingle | BP1 Islam BP173.75 Islam and economics HB71 Economics as a science Mohd Yusop, Mohd Mahyudi Rethinking the structure of Islamic economics: the economic man imperative |
| title | Rethinking the structure of Islamic economics: the economic man imperative |
| title_full | Rethinking the structure of Islamic economics: the economic man imperative |
| title_fullStr | Rethinking the structure of Islamic economics: the economic man imperative |
| title_full_unstemmed | Rethinking the structure of Islamic economics: the economic man imperative |
| title_short | Rethinking the structure of Islamic economics: the economic man imperative |
| title_sort | rethinking the structure of islamic economics: the economic man imperative |
| topic | BP1 Islam BP173.75 Islam and economics HB71 Economics as a science |
| url | http://irep.iium.edu.my/57857/ http://irep.iium.edu.my/57857/ http://irep.iium.edu.my/57857/1/camera%20ready%20universal%20man%20ICIEF%202016-360.pdf http://irep.iium.edu.my/57857/7/57857_Rethinking%20the%20structure%20of%20Islamic%20economics.pdf |