Methodology of Islamic economics: Typology of current practices, evaluation and way forward

The sustainable development of Islamic economics as a discipline depends also on methodological development that provides a clear direction on how to appraise economic theories and provide evidence of its reliability. This paper attempts to study the methodology of Islamic economics in two ways:...

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Main Authors:	Furqani, Hafas, Haneef, Mohamed Aslam
Format:	Book Chapter
Language:	English
Published:	Bloomsbury Qatar Foundation Journals 2015
Subjects:	TA Engineering (General). Civil engineering (General)
Online Access:	http://irep.iium.edu.my/46583/ http://irep.iium.edu.my/46583/1/46583.pdf

id	iium-46583
recordtype	eprints
spelling	iium-465832016-07-26T07:59:46Z http://irep.iium.edu.my/46583/ Methodology of Islamic economics: Typology of current practices, evaluation and way forward Furqani, Hafas Haneef, Mohamed Aslam TA Engineering (General). Civil engineering (General) The sustainable development of Islamic economics as a discipline depends also on methodological development that provides a clear direction on how to appraise economic theories and provide evidence of its reliability. This paper attempts to study the methodology of Islamic economics in two ways: (1) by examining the works by scholars in their specific writings on this subject, and (2) by observing the writings on Islamic economics, banking and finance to see how Islamic economists develop their discipline. The paper found three categories of writings, namely: (1) the usul al-fiqh methodology applied in economics, (2) methodological pluralism that tries to utilize various methodologies developed in both western and Islamic tradition, and (3) conventional mainstream positive economic methodology applied in Islamic cases. These are evaluated thoroughly and suggestions are made as to what needs to be done to assist Islamic economics’ develop. Bloomsbury Qatar Foundation Journals 2015 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/46583/1/46583.pdf Furqani, Hafas and Haneef, Mohamed Aslam (2015) Methodology of Islamic economics: Typology of current practices, evaluation and way forward. In: Developing inclusive and sustainable economic and financial systems. Bloomsbury Qatar Foundation Journals, pp. 23-30. ISBN 978-9927-118-22-7
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	TA Engineering (General). Civil engineering (General)
spellingShingle	TA Engineering (General). Civil engineering (General) Furqani, Hafas Haneef, Mohamed Aslam Methodology of Islamic economics: Typology of current practices, evaluation and way forward
description	The sustainable development of Islamic economics as a discipline depends also on methodological development that provides a clear direction on how to appraise economic theories and provide evidence of its reliability. This paper attempts to study the methodology of Islamic economics in two ways: (1) by examining the works by scholars in their specific writings on this subject, and (2) by observing the writings on Islamic economics, banking and finance to see how Islamic economists develop their discipline. The paper found three categories of writings, namely: (1) the usul al-fiqh methodology applied in economics, (2) methodological pluralism that tries to utilize various methodologies developed in both western and Islamic tradition, and (3) conventional mainstream positive economic methodology applied in Islamic cases. These are evaluated thoroughly and suggestions are made as to what needs to be done to assist Islamic economics’ develop.
format	Book Chapter
author	Furqani, Hafas Haneef, Mohamed Aslam
author_facet	Furqani, Hafas Haneef, Mohamed Aslam
author_sort	Furqani, Hafas
title	Methodology of Islamic economics: Typology of current practices, evaluation and way forward
title_short	Methodology of Islamic economics: Typology of current practices, evaluation and way forward
title_full	Methodology of Islamic economics: Typology of current practices, evaluation and way forward
title_fullStr	Methodology of Islamic economics: Typology of current practices, evaluation and way forward
title_full_unstemmed	Methodology of Islamic economics: Typology of current practices, evaluation and way forward
title_sort	methodology of islamic economics: typology of current practices, evaluation and way forward
publisher	Bloomsbury Qatar Foundation Journals
publishDate	2015
url	http://irep.iium.edu.my/46583/ http://irep.iium.edu.my/46583/1/46583.pdf
first_indexed	2023-09-18T21:06:19Z
last_indexed	2023-09-18T21:06:19Z
_version_	1777410957220249600

Methodology of Islamic economics: Typology of current practices, evaluation and way forward

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