Crisis in Islamic Economics: Diagnosis and Prescriptions أزمة الاقتصاد الإسلامي: التشخيص والحلول

Asad Zaman

Journal of King Abdulaziz University: Islamic Economics, 2012, vol. 25, issue 1, 143-166

Abstract: There is substantial evidence that the development of the discipline of Islamic Economics is currently in crisis. In this article we argue that the main reason for this is that most Muslim economists have accepted too many of the ideas of Western economists uncritically. The methodological framework, and underlying assumptions are wrong, and in conflict with Islamic views. This conflict has not been recognized, and the attempt to combine contradictory bodies of knowledge has failed. We also present alternative foundations on which a genuine Islamic economic theory could be constructed. هناك شواهد كثيرة تؤكد أن الاقتصاد الإسلامي يعاني من أزمة حاليا. وهذا المقال يرجع السبب الرئيسي لهذه الأزمة إلى أن معظم الاقتصاديين المسلمين قد قبلوا كثيرا من أفكار الاقتصاديين الغربيين بدون نقد لها، في الوقت الذي كان الإطار المنهجي والافتراضات الغربية غير صحيحة وتتعارض مع وجهة النظر الإسلامية، ولم يتم التعرف على هذا التناقض، وفشلت المحاولات لدمج تلك المعارف المتناقضة. ويعرض المقال أسسًا بديلة يمكن بموجبها بناء نظرية اقتصادية إسلامية.

Keywords: Islamization of Knowledge; Islamic Economics; Economic Methodology. (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:abd:kauiea:v:25:y:2012:i:1:no:6:p:143-166

DOI: 10.4197/Islec.25-1.6

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