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Islamic Participatory Instruments and the Ethical Dimensions

In: Methodological Dimension of ISLAMIC ECONOMICS

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  • Masudul Alam Choudhury

Abstract

The following sections are included:IntroductionBackgroundObjectiveCritical methodological issues of Islamic Economics and FinanceThe inference derived from Islamic bank financing on the ethical frontExercise 1The principle of pervasive complementarities applied to Islamic financial instrumentsThe true nature of Islamic economic and financial studiesHow do we get to the Tawhid methodological formulation from the imitative Islamic mainstream economic approach?Example 1A small amount of gold is required to maintain the value of monetary circulation in the real economyA Tawhidi epistemological application to unified Islamic financing portfolio: PF ModelExercise 2Stakeholding and shareholding in the PF for purposes of risk and production diversificationsExercise 3FTFC in the PF formalismConclusionReferences

Suggested Citation

  • Masudul Alam Choudhury, 2019. "Islamic Participatory Instruments and the Ethical Dimensions," World Scientific Book Chapters, in: Methodological Dimension of ISLAMIC ECONOMICS, chapter 5, pages 131-159, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813276024_0005
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    Keywords

    Epistemic and Economics; Economic Theory; Economic Analysis; Applications; Comparative Economics;
    All these keywords.

    JEL classification:

    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights

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