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“The Genesis of Islamic Economics” Revisited

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  • Islahi, Abdu Azim

Abstract

The present paper is an attempt to correct Timur Kuran on various issues related to the genesis of Islamic economics. It demonstrates that "Islamic economics" is not a product of twentieth century. The term may be new but its origins go back to early period of Islam. Its evolution up to the present state of a distinguished discipline can be divided into six distinct phases. The paper argues that the modern Islamic economics was never a sectarian subject. Nor was it developed for Muslims' identity and protection purpose. Scholars of different regions and of diverse affiliations promoted it and its propounders aimed at the well-being of all

Suggested Citation

  • Islahi, Abdu Azim, 2014. "“The Genesis of Islamic Economics” Revisited," MPRA Paper 68367, University Library of Munich, Germany, revised 2015.
    • Handle: RePEc:pra:mprapa:68367
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    File URL: https://mpra.ub.uni-muenchen.de/68367/1/MPRA_paper_68367.pdf
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    References listed on IDEAS

    as
    1. Islahi, Abdul Azim, 2009. "A study of Muslim economic thinking in the 11th A.H. / 17th C.E. century," MPRA Paper 75431, University Library of Munich, Germany, revised 2010.
    2. Islahi, Abdul Azim, 2009. "Muslim Economic Thinking and Institutions in the 10th AH/ 16th CE Century," MPRA Paper 75375, University Library of Munich, Germany, revised 2008.
    3. Islahi, Abdul Azim, 2014. "Muhammad Hamidullah and His Pioneering Works on Islamic Economics," MPRA Paper 75286, University Library of Munich, Germany, revised 2015.
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    Cited by:

    1. Islahi, Abdul Azim, 2015. "The Genesis of Islamic Economics Revisited By Abdul Azim Islahi," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 23, pages 1-28.

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    More about this item

    Keywords

    Islamic Economic Thought; Muslim economic thinking; Phases of the development of Islamic economics; Timur Kuran;

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • N0 - Economic History - - General
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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