Homo Islamicus and the Islamic economic system: implication on public policy

The identification of coherent decision-making behaviours depends upon the observed practices by society’s predominant economic agents. Interestingly, discourse on the Islamic economic system portrays the operations of homo Islamicus to manifest the perfect working of that ideal system. However, the...

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Main Author:	Mohd Yusop, Mohd Mahyudi
Format:	Conference or Workshop Item
Language:	English English
Published:	2015
Subjects:	BP1 Islam BP173.75 Islam and economics HB Economic Theory
Online Access:	http://irep.iium.edu.my/57858/ http://irep.iium.edu.my/57858/1/aceh%202015%20Homo%20Islamicus%20and%20IES.pdf http://irep.iium.edu.my/57858/7/57858_HOMO%20ISLAMICUS.pdf

id	iium-57858
recordtype	eprints
spelling	iium-578582017-08-03T06:46:05Z http://irep.iium.edu.my/57858/ Homo Islamicus and the Islamic economic system: implication on public policy Mohd Yusop, Mohd Mahyudi BP1 Islam BP173.75 Islam and economics HB Economic Theory The identification of coherent decision-making behaviours depends upon the observed practices by society’s predominant economic agents. Interestingly, discourse on the Islamic economic system portrays the operations of homo Islamicus to manifest the perfect working of that ideal system. However, the approach taken is rather simplistic to the extent that the Islamic economic system is widely criticised as a mere utopian state for the present Muslim majority polities to create its semblance. This puts into question the viability of the Islamic economy idea while putting extra pressure for governments to cope with the high demands of contemporary identity politics. In view of the reported huge gap between theoretical construct and real activities, this paper challenges the presumption that homo Islamicus is dictating the way resources are allocated. Thus, this paper suggests a broad-based public policy to continuously transform the population of Muslim majority countries to be homo Islamicus. 2015-03-30 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/57858/1/aceh%202015%20Homo%20Islamicus%20and%20IES.pdf application/pdf en http://irep.iium.edu.my/57858/7/57858_HOMO%20ISLAMICUS.pdf Mohd Yusop, Mohd Mahyudi (2015) Homo Islamicus and the Islamic economic system: implication on public policy. In: The First International Conference on Shariah Oriented Public Policy in Islamic Economic System (ICOSOPP 2015), 30th-31st March 2015, Banda Aceh, Indonesia. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	BP1 Islam BP173.75 Islam and economics HB Economic Theory
spellingShingle	BP1 Islam BP173.75 Islam and economics HB Economic Theory Mohd Yusop, Mohd Mahyudi Homo Islamicus and the Islamic economic system: implication on public policy
description	The identification of coherent decision-making behaviours depends upon the observed practices by society’s predominant economic agents. Interestingly, discourse on the Islamic economic system portrays the operations of homo Islamicus to manifest the perfect working of that ideal system. However, the approach taken is rather simplistic to the extent that the Islamic economic system is widely criticised as a mere utopian state for the present Muslim majority polities to create its semblance. This puts into question the viability of the Islamic economy idea while putting extra pressure for governments to cope with the high demands of contemporary identity politics. In view of the reported huge gap between theoretical construct and real activities, this paper challenges the presumption that homo Islamicus is dictating the way resources are allocated. Thus, this paper suggests a broad-based public policy to continuously transform the population of Muslim majority countries to be homo Islamicus.
format	Conference or Workshop Item
author	Mohd Yusop, Mohd Mahyudi
author_facet	Mohd Yusop, Mohd Mahyudi
author_sort	Mohd Yusop, Mohd Mahyudi
title	Homo Islamicus and the Islamic economic system: implication on public policy
title_short	Homo Islamicus and the Islamic economic system: implication on public policy
title_full	Homo Islamicus and the Islamic economic system: implication on public policy
title_fullStr	Homo Islamicus and the Islamic economic system: implication on public policy
title_full_unstemmed	Homo Islamicus and the Islamic economic system: implication on public policy
title_sort	homo islamicus and the islamic economic system: implication on public policy
publishDate	2015
url	http://irep.iium.edu.my/57858/ http://irep.iium.edu.my/57858/1/aceh%202015%20Homo%20Islamicus%20and%20IES.pdf http://irep.iium.edu.my/57858/7/57858_HOMO%20ISLAMICUS.pdf
first_indexed	2023-09-18T21:21:48Z
last_indexed	2023-09-18T21:21:48Z
_version_	1777411930738130944

Homo Islamicus and the Islamic economic system: implication on public policy

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