Islam versus liberalism: contrasting epistemological inquiries

Purpose - To address the much heated debate now raging in the international scene, namely between Islam and the West as two great civilization forces of mankind. Design/methodology/approach - The objective is achieved by studying it in the light of rigorous analysis involving the world‐systems of the two paradigms and by subjecting the analysis to mathematical investigation as necessary. Findings - Some specific issues, such as epistemology and the associated phenomenological model, its application for economy, markets, money and globalization are investigated to establish the arguments of the paper. Research limitations/implications - If research is reported on in the paper this section must be completed and should include suggestions for future research and any identified limitations in the research process. Practical implications - Some practical implications arising from the theoretical basis of the paper are shown in the areas of money and real economy, globalization and the economy. Originality/value - Such a contrasting scientific argumentation between Islam and neoliberalism as the contrasting paradigms has not been undertaken in any paper that I know of. Thus, this is an original paper in argumentation rather than polemics.