IDEAS home Printed from https://ideas.repec.org/a/abd/kauiea/v16y2003i1no1p3-42.html
   My bibliography  Save this article

Islamization of Economics: The Concept and Methodology تحقيق إسلامية علم الاقتصاد: المفهوم والمنهج

Author

Listed:
  • MUHAMMAD ANAS ZARQA

    (Economic Researcher, international Investor, Kuwait)

Abstract

Could there be a science of economics that could be described as “Islamic”? If so, does this imply denial of the existence of global economic laws that encompass all social systems, both Islamic and non-Islamic? This research paper aims at finding a considered and detailed answer to these two questions through: (a) Demonstrating that, although science is generally characterized by its factual descriptive statements (i.e. the laws which it arrives at), there are still certain basic aspects of any science, (the social sciences in particular, including economics), regarding which no researcher can help depend on a set of pre-conceived values. (b) Demonstrating that, although the texts of Islamic Shari’ah (Law) are basically a source of values, yet they often contain descriptive statements about economic life. If we replace those values on which the science of economics should be based (mentioned in ‘a’) by Islamic values, and if we add to the secular statements that economics has so far arrived at by the statements mentioned in ‘b’, we would then be able to establish an Islamic science of economics. The paper also explains the relationship between Islamic Economics and Islamic Law and discusses a proposed work plan to Islammization of economics. هل يمكن أن ينشأ علم اقتصاد يصح وصفه بأنه إسلامي ؟ وهل يعني ذلك إنكار وجود سنن (قوانين) اقتصادية عالمية شاملة لجميع النظم الاجتماعية ؟ يسعى البحث للإجابة المتعمقة عن هذين السؤالين من خلال : (أ) بيان أنه على الرغم من أن العلم عموما يتميز بمقولاته الوصفية أي (القوانين) التي يتوصل إليها، إلا أن هناك جوانب أساسية من كل علم (وبخاصة العلوم الاجتماعية ومنها الاقتصاد ) لا مفر لأي باحث أن يستند فيها لقيم سابقة . (ب) إن نصوص الشريعة الإسلامية على الرغم من أنها أساساً مصدر للقيم لكنها كثيراً ما تنطوي على مقولات وصفية عن الحياة الاقتصادية . فإذا استبدلنا بالقيم التي لا بد أن يستند إليها علم الاقتصاد ( المذكورة في أ ) قيما إسلامية، وأضفنا إلى المقولات الوضعية التي توصل إليها هذا العلم حتى الآن المقولات المذكورة في (ب) ، يمكننا حينئذ أن ننشئ علم اقتصاد إسلامي. كما يوضح البحث العلاقة بين علم الاقتصاد الإسلامي والفقه ويناقش خطة عمل مقترحة لتحقيق إسلامية علم الاقتصاد .

Suggested Citation

  • Muhammad Anas Zarqa, 2003. "Islamization of Economics: The Concept and Methodology تحقيق إسلامية علم الاقتصاد: المفهوم والمنهج," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 16(1), pages 3-42, January.
    • Handle: RePEc:abd:kauiea:v:16:y:2003:i:1:no:1:p:3-42
    DOI: 10.4197/islec.16-1.1
    as

    Download full text from publisher

    File URL: https://iei.kau.edu.sa/Files/121/Files/153886_IEI-VOL-16-1-05E-MAZarqa.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.4197/islec.16-1.1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Benjamin Ward, 1972. "What’s Wrong with Economics I," Palgrave Macmillan Books, in: What’s Wrong with Economics?, chapter 6, pages 89-92, Palgrave Macmillan.
    2. Benjamin Ward, 1972. "What’s Wrong with Economics II," Palgrave Macmillan Books, in: What’s Wrong with Economics?, chapter 16, pages 237-246, Palgrave Macmillan.
    3. Benjamin Ward, 1972. "What’s Wrong with Economics?," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01806-2.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bambang Agus Pramuka, 2012. "The feasibility of financing Indonesian migrant workers by Islamic banks," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 4(2), pages 173-180, April.
    2. Mohd Mahyudi & Enizahura Abdul Aziz, 2018. "Method and Substance of Islamic Economics Revisited إعادة النظر في منهجية ومرتكزات الاقتصاد الإسلامي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 31(2), pages 33-50, July.
    3. Swastika, Putri & Dewandaru, Ginanjar & Masih, Mansur, 2013. "Does Restricted Short Selling Bring Benefit to Stocks Listed in Islamic Capital Market? New Evidence from Malaysia based on Dynamic Panel Heterogeneous Techniques," MPRA Paper 58833, University Library of Munich, Germany.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kakarot-Handtke, Egmont, 2010. "Axiomatic Basics of e-Economics," MPRA Paper 24331, University Library of Munich, Germany.
    2. M. Akram Khan, 1984. "Islamic Economics: Nature and Need الاقتصاد الإسلامي: الطبيعة والحاجة," Journal of Research in Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 1(2), pages 51-55, July.
    3. L.A. Duhs, 2008. "SEN'S ECONOMIC PHILOSOPHY Capabilities and Human Development in the Revival of Economics as a Moral Science," Discussion Papers Series 366, School of Economics, University of Queensland, Australia.
    4. Charles Wilber, 2004. "Ethics, human behavior and the methodology of social economics," Forum for Social Economics, Springer;The Association for Social Economics, vol. 33(2), pages 19-50, March.
    5. T.A. Boylan & P.F. O'Gorman, 2007. "Axiomatization And Formalism In Economics," Journal of Economic Surveys, Wiley Blackwell, vol. 21(3), pages 426-446, July.
    6. repec:abd:kauiea:oldjournal:v:1:y:1984:i:2:no:4:p:51-55 is not listed on IDEAS
    7. Wicks, Rick, 2011. "Assumption without representation: the unacknowledged abstraction from communities and social goods," MPRA Paper 51674, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abd:kauiea:v:16:y:2003:i:1:no:1:p:3-42. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: King Abdulaziz University, Islamic Economics Institute. (email available below). General contact details of provider: https://edirc.repec.org/data/cikausa.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.