Methodology of Islamic economics: overview of present state and future direction

This paper argues that research and publications in the area of methodology of Islamic economics is very significant for a meaningful development of the discipline. Although the discussion on methodology of Islamic economics in contemporary Islamic economics literature is rather limited, this pap...

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Main Authors:	Haneef, Mohamed Aslam, Furqani, Hafas
Format:	Article
Language:	English
Published:	International Islamic University Malaysia 2011
Subjects:	HB Economic Theory
Online Access:	http://irep.iium.edu.my/41671/ http://irep.iium.edu.my/41671/ http://irep.iium.edu.my/41671/1/METHODOLOGY_OF_ISLAMIC_ECONOMICS_IJEMA_19-1%282011%29.pdf

id	iium-41671
recordtype	eprints
spelling	iium-416712015-07-02T03:05:31Z http://irep.iium.edu.my/41671/ Methodology of Islamic economics: overview of present state and future direction Haneef, Mohamed Aslam Furqani, Hafas HB Economic Theory This paper argues that research and publications in the area of methodology of Islamic economics is very significant for a meaningful development of the discipline. Although the discussion on methodology of Islamic economics in contemporary Islamic economics literature is rather limited, this paper reviews the works of selected scholars who have attempted to present works on ‘methodology’ and their approach to the process of theory building in Islamic economics. The paper then presents some implications of these views based on the position that methodology investigates the criteria, rationalizations, arguments and justifications used in theory appraisal as well as evaluating the reliability of theories, this paper concludes that greater resources, both human and financial, need to be channeled to developing uÎūl al-iqtiÎād, a fundamental, but vastly, neglected area of research in contemporary Islamic economics. JEL Classification: B41, B49, B59, Z12 Key words: Methodology, Islamic economics, uÎūl al-iqtiÎād. International Islamic University Malaysia 2011 Article PeerReviewed application/pdf en http://irep.iium.edu.my/41671/1/METHODOLOGY_OF_ISLAMIC_ECONOMICS_IJEMA_19-1%282011%29.pdf Haneef, Mohamed Aslam and Furqani, Hafas (2011) Methodology of Islamic economics: overview of present state and future direction. International Journal of Economics, Management & Accounting , 19 (1). pp. 1-26. ISSN 0128-006 http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/175/144
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 Furqani, Hafas Methodology of Islamic economics: overview of present state and future direction
description	This paper argues that research and publications in the area of methodology of Islamic economics is very significant for a meaningful development of the discipline. Although the discussion on methodology of Islamic economics in contemporary Islamic economics literature is rather limited, this paper reviews the works of selected scholars who have attempted to present works on ‘methodology’ and their approach to the process of theory building in Islamic economics. The paper then presents some implications of these views based on the position that methodology investigates the criteria, rationalizations, arguments and justifications used in theory appraisal as well as evaluating the reliability of theories, this paper concludes that greater resources, both human and financial, need to be channeled to developing uÎūl al-iqtiÎād, a fundamental, but vastly, neglected area of research in contemporary Islamic economics. JEL Classification: B41, B49, B59, Z12 Key words: Methodology, Islamic economics, uÎūl al-iqtiÎād.
format	Article
author	Haneef, Mohamed Aslam Furqani, Hafas
author_facet	Haneef, Mohamed Aslam Furqani, Hafas
author_sort	Haneef, Mohamed Aslam
title	Methodology of Islamic economics: overview of present state and future direction
title_short	Methodology of Islamic economics: overview of present state and future direction
title_full	Methodology of Islamic economics: overview of present state and future direction
title_fullStr	Methodology of Islamic economics: overview of present state and future direction
title_full_unstemmed	Methodology of Islamic economics: overview of present state and future direction
title_sort	methodology of islamic economics: overview of present state and future direction
publisher	International Islamic University Malaysia
publishDate	2011
url	http://irep.iium.edu.my/41671/ http://irep.iium.edu.my/41671/ http://irep.iium.edu.my/41671/1/METHODOLOGY_OF_ISLAMIC_ECONOMICS_IJEMA_19-1%282011%29.pdf
first_indexed	2023-09-18T20:59:36Z
last_indexed	2023-09-18T20:59:36Z
_version_	1777410534258245632

Methodology of Islamic economics: overview of present state and future direction

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