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Theorizing Islamic Economics: Search for a Framework for Islamic Economic Analysis التنظير للاقتصاد الإسلامي: البحث عن إطار للتحليل الاقتصادي الإسلامي

Author

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  • M. Fahim Khan

    (The author is Distinguished Faculty Member, National Defense University, Islamabad, Pakistan.)

Abstract

The paper aims at explaining the need for a starting point for developing an Islamic theory of economics. The paper emphasizes that what is needed is not a ‘theory of Islamic economics’ but an ‘Islamic theory of economics’. It is not merely semantics. The paper explains what difference it makes in theorizing Islamic economics. The point emphasized in the paper is that it is the lack of strategic vision that is responsible for not reaching where we want to be. The paper describes various positions of Islamic economists and suggests that it is time we select one of them as the destination. The paper then goes into identifying a more realistic framework which can provide a basis for deriving principles of Islamic economic analysis. The paper suggests divorcing the framework derived from mathematics and physics (not linked to human social behavior in any aspect) and marrying it with biology and physiology - sciences dealing with study of life (unlike physics that studies life-less bodies). The paper discusses what difference it would make to use the framework borrowed from biology and physiology in analyzing human economic behavior. . تهدف هذه الورقة إلى شرح الحاجة إلى أهمية تحديد نقطة البداية لتطوير نظرية إسلامية للاقتصاد. إن الورقة تؤكد على أن المطلوب ليس نظرية للاقتصاد الإسلامي، بل نظرية إسلامية للاقتصاد. إن هذا التأكيد ليس مجرد دلالات لفظية، بل يكتسي صبغة هامة في التنظير للاقتصاد الإسلامي. النقطة الرئيسة التي تؤكد عليها الورقة تتمثل في أن العامل الرئيس الذي حال دون الوصول إلى الهدف المطلوب – نظرية إسلامية للاقتصاد- يعود إلى غياب الرؤية الاستراتجية لتحقيق ذلك. تستعرض الورقة عدداً من وجهات نظر الاقتصاديين المسلمين، وتقترح أن الوقت قد حان لاختيار واحدة من هذه الوجهات والبناء عليها. بعد ذلك تذهب الورقة إلى تحديد إطار واقعي تعتقد أنه يشكل الأساس لاستخلاص مبادئ للتحليل الاقتصادي الإسلامي. إن الورقة تدعو إلى تطليق الإطار الذي بني على أساس الرياضيات والفيزياء؛ لأنها لا ترتبط بأي مظهر من مظاهر السلوك الاجتماعي للإنسان، وتدعو الاعتماد على منهاج مرتبط بعلوم الأحياء والنفس؛ لأن هذه العلوم مرتبطة بدراسة الحياة على عكس الفيزياء التي تدرس الجانب الجامد للأجسام. وأخيراً تناقش الورقة الفارق الذي سيحدثه بناء إطار لتحليل الظواهر الاقتصادية مستفيداً من مناهج علوم الأحياء والنفس.

Suggested Citation

  • M. Fahim Khan, 2013. "Theorizing Islamic Economics: Search for a Framework for Islamic Economic Analysis التنظير للاقتصاد الإسلامي: البحث عن إطار للتحليل الاقتصادي الإسلامي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 26(1), pages 203-263, January.
  • Handle: RePEc:abd:kauiea:v:26:y:2013:i:1:no:10:p:203-263
    DOI: 10.4197/Islec.26-1.10
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    References listed on IDEAS

    as
    1. Kuran, T., 1995. "Islamic Economics and the Islamic Subeconomy," Papers 9505, Southern California - Department of Economics.
    2. Robert H. Frank & Thomas Gilovich & Dennis T. Regan, 1993. "Does Studying Economics Inhibit Cooperation?," Journal of Economic Perspectives, American Economic Association, vol. 7(2), pages 159-171, Spring.
    3. Timur Kuran, 1995. "Islamic Economics and the Islamic Subeconomy," Journal of Economic Perspectives, American Economic Association, vol. 9(4), pages 155-173, Fall.
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    Cited by:

    1. Murat Çokgezen, 2016. "Islamic economics in real life: Do Muslims give more than the others?," Working Papers hal-01349872, HAL.
    2. Zohra Jabeen & Romana Bangash & Faizan Malik, 2017. "Consumption with Shariah Based Imprint: Eradicating Extreme Poverty and Hunger with Infaq, Waqf and Rushd Behavior in Pakistan," Global Regional Review, Humanity Only, vol. 2(1), pages 166-176, June.
    3. Ghassan, Hassan B., 2015. "Islamic Consumer Model, Fairness Behavior and Asymptotic Utility," MPRA Paper 67141, University Library of Munich, Germany.
    4. Ghassan, Hassan B., 2015. "A Consumer Model and Social Welfare Based on the Writings of Shibani (750-805 AD, 131-189 AH)," MPRA Paper 72441, University Library of Munich, Germany, revised 05 Mar 2016.
    5. Ghassan, Hassan B., 2015. "نموذج النفقة والإعتدال حسب كتابات الشيباني [Spending and Fairness Model Based on the Writing of Shibani]," MPRA Paper 80603, University Library of Munich, Germany, revised 2016.

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