Methodology of Islamic Economics: From Islamic Teachings to Islamic Economics
Journal Title: Türkiye islam iktisadı dergisi - Year 2018, Vol 5, Issue 1
Abstract
The existing literature on Islamic economics has not undergone any of the processes of verification or falsification. It is mostly restatement of the postulates as found in the Qur’an2 or hadith. The literature on methodology of Islamic economics is either superfluous, or ambiguous or confusing. It does not help in transforming the Islamic economic teachings into a social science. For developing Islamic economics as a social science, we must understand the primary sources in a contemporary context; formulate hypotheses based on that understanding and present these hypotheses for validation through testing. The paper illustrates the proposed methodology with some examples. For making this methodology a going concern, several basic steps would be required. The paper enumerates those steps also.
Authors and Affiliations
Muhammad Akram Khan
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In this study, the gradual prohibition of interest (riba) in the Holy Qur’an, reasons, the specific language and wording, and outcomes are discussed. Prohibition of interest in Qur’an has become became gradually true as...
Credit Control Instruments in a Dual Banking System: Leverage Control Rate (LCR) – a Proposal
Islam banishes interest. This raises two questions contextual to Central Banking. First, can Islamic banks create credit like the conventional? We shall argue that Islamic banks cannot avoid credit creation; an imperativ...
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KİTAP TANITIMI VE TENKİTLER: YAŞAR, Süleyman (2013). Faiz Lobisi-Paranızı Nasıl Çaldılar. İstanbul: Çıra Yayınları. ss. 144.
Faiz lobisi kavramını Gezi Parkı olaylarından sonra sıkça duymaya başladık. Özellikle Başbakanın faiz lobisi çıkışları bu konuyu daha önemli hale getirdi. Ancak Gezi olaylarına kadar çoğumuzun belki de hiç duymadığı faiz...
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While developing Islamic economics as a discipline, it is necessary to define the nature, scope and subject-matter in order to clarify the object of study and indicate the boundaries of its reach. Islamic economists in t...