Homo Islamicus and the Islamic economic system: implication on public policy
The identification of coherent decision-making behaviours depends upon the observed practices by society’s predominant economic agents. Interestingly, discourse on the Islamic economic system portrays the operations of homo Islamicus to manifest the perfect working of that ideal system. However, the...
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| Format: | Proceeding Paper |
| Language: | English English |
| Published: |
2015
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| Online Access: | http://irep.iium.edu.my/57858/ http://irep.iium.edu.my/57858/1/aceh%202015%20Homo%20Islamicus%20and%20IES.pdf http://irep.iium.edu.my/57858/7/57858_HOMO%20ISLAMICUS.pdf |
| _version_ | 1848785009082630144 |
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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 identification of coherent decision-making behaviours depends upon the observed practices by society’s predominant economic agents. Interestingly, discourse on the Islamic economic system portrays the operations of homo Islamicus to manifest the perfect working of that ideal system. However, the approach taken is rather simplistic to the extent that the Islamic economic system is widely criticised as a mere utopian state for the present Muslim majority polities to create its semblance. This puts into question the viability of the Islamic economy idea while putting extra pressure for governments to cope with the high demands of contemporary identity politics. In view of the reported huge gap between theoretical construct and real activities, this paper challenges the presumption that homo Islamicus is dictating the way resources are allocated. Thus, this paper suggests a broad-based public policy to continuously transform the population of Muslim majority countries to be homo Islamicus. |
| first_indexed | 2025-11-14T16:46:19Z |
| format | Proceeding Paper |
| id | iium-57858 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:46:19Z |
| publishDate | 2015 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-578582017-08-03T06:46:05Z http://irep.iium.edu.my/57858/ Homo Islamicus and the Islamic economic system: implication on public policy Mohd Yusop, Mohd Mahyudi BP1 Islam BP173.75 Islam and economics HB Economic Theory The identification of coherent decision-making behaviours depends upon the observed practices by society’s predominant economic agents. Interestingly, discourse on the Islamic economic system portrays the operations of homo Islamicus to manifest the perfect working of that ideal system. However, the approach taken is rather simplistic to the extent that the Islamic economic system is widely criticised as a mere utopian state for the present Muslim majority polities to create its semblance. This puts into question the viability of the Islamic economy idea while putting extra pressure for governments to cope with the high demands of contemporary identity politics. In view of the reported huge gap between theoretical construct and real activities, this paper challenges the presumption that homo Islamicus is dictating the way resources are allocated. Thus, this paper suggests a broad-based public policy to continuously transform the population of Muslim majority countries to be homo Islamicus. 2015-03-30 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/57858/1/aceh%202015%20Homo%20Islamicus%20and%20IES.pdf application/pdf en http://irep.iium.edu.my/57858/7/57858_HOMO%20ISLAMICUS.pdf Mohd Yusop, Mohd Mahyudi (2015) Homo Islamicus and the Islamic economic system: implication on public policy. In: The First International Conference on Shariah Oriented Public Policy in Islamic Economic System (ICOSOPP 2015), 30th-31st March 2015, Banda Aceh, Indonesia. (Unpublished) |
| spellingShingle | BP1 Islam BP173.75 Islam and economics HB Economic Theory Mohd Yusop, Mohd Mahyudi Homo Islamicus and the Islamic economic system: implication on public policy |
| title | Homo Islamicus and the Islamic economic system: implication on public policy |
| title_full | Homo Islamicus and the Islamic economic system: implication on public policy |
| title_fullStr | Homo Islamicus and the Islamic economic system: implication on public policy |
| title_full_unstemmed | Homo Islamicus and the Islamic economic system: implication on public policy |
| title_short | Homo Islamicus and the Islamic economic system: implication on public policy |
| title_sort | homo islamicus and the islamic economic system: implication on public policy |
| topic | BP1 Islam BP173.75 Islam and economics HB Economic Theory |
| url | http://irep.iium.edu.my/57858/ http://irep.iium.edu.my/57858/1/aceh%202015%20Homo%20Islamicus%20and%20IES.pdf http://irep.iium.edu.my/57858/7/57858_HOMO%20ISLAMICUS.pdf |