Islam, the Islamic worldview and Islamic economics

A correct understanding of the fundamental elements in the Islamic economic vision is a pre-requisite for the development of Islamic economics. This article begins by putting forward a conceptual understanding of these fundamental elements which include the nature of man, the universe and the con...

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Main Author:	Haneef, Mohamed Aslam
Format:	Article
Language:	English
Published:	International Islamic University Malaysia 1997
Subjects:	HB Economic Theory
Online Access:	http://irep.iium.edu.my/41684/ http://irep.iium.edu.my/41684/ http://irep.iium.edu.my/41684/2/ISLAM%2C_THE_ISLAMIC_WORLDVIEW%2C_IJEM_5-1%281997%29.pdf

id	iium-41684
recordtype	eprints
spelling	iium-416842015-04-29T08:39:02Z http://irep.iium.edu.my/41684/ Islam, the Islamic worldview and Islamic economics Haneef, Mohamed Aslam HB Economic Theory A correct understanding of the fundamental elements in the Islamic economic vision is a pre-requisite for the development of Islamic economics. This article begins by putting forward a conceptual understanding of these fundamental elements which include the nature of man, the universe and the concept of din. The article argues that due to differences in the Islamic economic vision to those of western economics, coupled with the epistemological and methodological framework in Islamic scholarship, the development of Islamic economic thought (and consequently policy prescriptions) differs. While internal logic, coherence and consistency are necessary conditions for scientific exposition, Islamic economics should be evaluated within its own framework and using its own criteria. Within acceptable parameters determined by revelation, this paper also argues that varying opinions in economics are possible and probable. International Islamic University Malaysia 1997 Article PeerReviewed application/pdf en http://irep.iium.edu.my/41684/2/ISLAM%2C_THE_ISLAMIC_WORLDVIEW%2C_IJEM_5-1%281997%29.pdf Haneef, Mohamed Aslam (1997) Islam, the Islamic worldview and Islamic economics. IIUM Journal of Economics & Management, 5 (1). pp. 39-65. http://lib.iium.edu.my/mom2/cm/content/view/view.jsp?admin=1&key=A51jqy6w33wLSxc4XQcJ4NYpGJyYBqbX20070328151304984
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB Economic Theory
spellingShingle	HB Economic Theory Haneef, Mohamed Aslam Islam, the Islamic worldview and Islamic economics
description	A correct understanding of the fundamental elements in the Islamic economic vision is a pre-requisite for the development of Islamic economics. This article begins by putting forward a conceptual understanding of these fundamental elements which include the nature of man, the universe and the concept of din. The article argues that due to differences in the Islamic economic vision to those of western economics, coupled with the epistemological and methodological framework in Islamic scholarship, the development of Islamic economic thought (and consequently policy prescriptions) differs. While internal logic, coherence and consistency are necessary conditions for scientific exposition, Islamic economics should be evaluated within its own framework and using its own criteria. Within acceptable parameters determined by revelation, this paper also argues that varying opinions in economics are possible and probable.
format	Article
author	Haneef, Mohamed Aslam
author_facet	Haneef, Mohamed Aslam
author_sort	Haneef, Mohamed Aslam
title	Islam, the Islamic worldview and Islamic economics
title_short	Islam, the Islamic worldview and Islamic economics
title_full	Islam, the Islamic worldview and Islamic economics
title_fullStr	Islam, the Islamic worldview and Islamic economics
title_full_unstemmed	Islam, the Islamic worldview and Islamic economics
title_sort	islam, the islamic worldview and islamic economics
publisher	International Islamic University Malaysia
publishDate	1997
url	http://irep.iium.edu.my/41684/ http://irep.iium.edu.my/41684/ http://irep.iium.edu.my/41684/2/ISLAM%2C_THE_ISLAMIC_WORLDVIEW%2C_IJEM_5-1%281997%29.pdf
first_indexed	2023-09-18T20:59:37Z
last_indexed	2023-09-18T20:59:37Z
_version_	1777410535552188416

Islam, the Islamic worldview and Islamic economics

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