The concept of scarcity: An Islamic perspective

This article was published in the Malaysian Management Review (MMR) (Vol 48, No 1) in 2013. The MMR is the official journal of the Malaysian Institute of Management. It deals with Scarcity from an Islamic perspective. Scarcity has been a subject of contention among Muslim scholars. Whereas the conce...

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Main Authors:	Fontaine, Rodrigue Ancelot Harvey, Oziev, Gapur
Format:	Article
Language:	English English
Published:	Malaysian Institute of Management 2013
Subjects:	HB131 Methodology.Mathematical economics. Quantitative methods
Online Access:	http://irep.iium.edu.my/34408/ http://irep.iium.edu.my/34408/ http://irep.iium.edu.my/34408/1/The_Concept_of_Scarcity__An_Islamic_perspective.pdf http://irep.iium.edu.my/34408/4/34408_The%20concept%20of%20scarcity.pdf

id	iium-34408
recordtype	eprints
spelling	iium-344082017-10-06T01:30:24Z http://irep.iium.edu.my/34408/ The concept of scarcity: An Islamic perspective Fontaine, Rodrigue Ancelot Harvey Oziev, Gapur HB131 Methodology.Mathematical economics. Quantitative methods This article was published in the Malaysian Management Review (MMR) (Vol 48, No 1) in 2013. The MMR is the official journal of the Malaysian Institute of Management. It deals with Scarcity from an Islamic perspective. Scarcity has been a subject of contention among Muslim scholars. Whereas the concept is central to conventional economics in relation to choice and efficiency, Muslim scholars differ about it. The purpose of this study is to summarize the differences of opinion and provide a conclusion to this issue. We hypothesise that the difference in the educational backgrounds of Muslim scholars partially explains their diverse opinions on scarcity. Some scholars have a strong background in economics whereas other scholars have a strong background in Islamic law (Shari’ah). Some scholars reject outright the existence of scarcity and believe in abundant resources while others confirm the presence of scarcity. Other scholars believe there is no scarcity at the macro-level but that can be scarcity at the micro-level. Although the Qur’an provides ample evidence of God’s generosity and mercy in providing to humankind, it is still necessary to consider our daily needs and wants, which vary from society to society and from generation to generation. On the contrary, the Qur’an provides evidence that facing scarcity is part of God’s way of testing His creatures. Malaysian Institute of Management 2013-06 Article PeerReviewed application/pdf en http://irep.iium.edu.my/34408/1/The_Concept_of_Scarcity__An_Islamic_perspective.pdf application/pdf en http://irep.iium.edu.my/34408/4/34408_The%20concept%20of%20scarcity.pdf Fontaine, Rodrigue Ancelot Harvey and Oziev, Gapur (2013) The concept of scarcity: An Islamic perspective. Malaysian Management Review, 48 (1). pp. 27-40. ISSN 0025-1348 http://www.mim.org.my/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HB131 Methodology.Mathematical economics. Quantitative methods
spellingShingle	HB131 Methodology.Mathematical economics. Quantitative methods Fontaine, Rodrigue Ancelot Harvey Oziev, Gapur The concept of scarcity: An Islamic perspective
description	This article was published in the Malaysian Management Review (MMR) (Vol 48, No 1) in 2013. The MMR is the official journal of the Malaysian Institute of Management. It deals with Scarcity from an Islamic perspective. Scarcity has been a subject of contention among Muslim scholars. Whereas the concept is central to conventional economics in relation to choice and efficiency, Muslim scholars differ about it. The purpose of this study is to summarize the differences of opinion and provide a conclusion to this issue. We hypothesise that the difference in the educational backgrounds of Muslim scholars partially explains their diverse opinions on scarcity. Some scholars have a strong background in economics whereas other scholars have a strong background in Islamic law (Shari’ah). Some scholars reject outright the existence of scarcity and believe in abundant resources while others confirm the presence of scarcity. Other scholars believe there is no scarcity at the macro-level but that can be scarcity at the micro-level. Although the Qur’an provides ample evidence of God’s generosity and mercy in providing to humankind, it is still necessary to consider our daily needs and wants, which vary from society to society and from generation to generation. On the contrary, the Qur’an provides evidence that facing scarcity is part of God’s way of testing His creatures.
format	Article
author	Fontaine, Rodrigue Ancelot Harvey Oziev, Gapur
author_facet	Fontaine, Rodrigue Ancelot Harvey Oziev, Gapur
author_sort	Fontaine, Rodrigue Ancelot Harvey
title	The concept of scarcity: An Islamic perspective
title_short	The concept of scarcity: An Islamic perspective
title_full	The concept of scarcity: An Islamic perspective
title_fullStr	The concept of scarcity: An Islamic perspective
title_full_unstemmed	The concept of scarcity: An Islamic perspective
title_sort	concept of scarcity: an islamic perspective
publisher	Malaysian Institute of Management
publishDate	2013
url	http://irep.iium.edu.my/34408/ http://irep.iium.edu.my/34408/ http://irep.iium.edu.my/34408/1/The_Concept_of_Scarcity__An_Islamic_perspective.pdf http://irep.iium.edu.my/34408/4/34408_The%20concept%20of%20scarcity.pdf
first_indexed	2023-09-18T20:49:35Z
last_indexed	2023-09-18T20:49:35Z
_version_	1777409904737255424

The concept of scarcity: An Islamic perspective

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