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Nature and Significance of Islamic Economics

Journal of Economic and Social Thought

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Field Value
 
Title Nature and Significance of Islamic Economics
 
Creator HASAN, Zubair; INCEIF
 
Subject Islamic economics; Worldview; Methodology; Economic systems; Problems challenges.
B10; B30; G20; K40; K20.
 
Description Abstract. Islamic economics has of late landed in confusion and neglect and much concern is being voiced on this state of affairs. The divergence of views on various aspects of the subject tends to grow, cohesive efforts are missing. It is in this context that the present paper takes a look at the nature and significance of Islamic economics and examines the issues of its definition, nature and scope, the questions of methods and methodology, system approach, the problems that seems to hinder its growth, the challenges Islamic economics faces today and how the same can be faced. Since the differences between the Islamicand mainstream economic disciplines stem from the divergent worldviews that condition them, the discussion opens on the topic as background material. This paper is a part of draft Chapter of a book under preparation on Islamic economics and finance. Comments and suggestions are welcome but the paper or its parts cannot be put to any commercial or unfair use.Keywords: Islamic economics, Worldview, Methodology, Economic systems, Problems challenges.JEL. B10, B30, G20, K40, K20.
 
Publisher Journal of Economic and Social Thought
Journal of Economic and Social Thought
 
Contributor
 
Date 2016-09-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEST/article/view/952
10.1453/jest.v3i3.952
 
Source Journal of Economic and Social Thought; Vol 3, No 3 (2016): September; 400-416
Journal of Economic and Social Thought; Vol 3, No 3 (2016): September; 400-416
2149-0422
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEST/article/view/952/1028
 
Rights Copyright (c) 2016 Journal of Economic and Social Thought
http://creativecommons.org/licenses/by-nc/4.0