A Fundamental Flaw in the Construction of Islamic Economics: Providing Islamic Justifications within Conventional Framework

Muhammad Salleh () and Abdul Hamat
Additional contact information
Muhammad Salleh: Islamic Development Management Project (IDMP) School of Social Sciences Universiti Sains Malaysia Penang
Abdul Hamat: Islamic Development Management Project (IDMP) School of Social Sciences Universiti Sains Malaysia Penang

Jurnal Ekonomi Malaysia, 2003, vol. 37, 129-134

Abstract: This paper has a simple objective. It attempts to highlight a common but fundamental flaw in the construction of the present Islamic economic discipline. The flaw relates to the long-standing practice of using Islamic justifications to rid the conventional economic discipline of the so-called “unIslamic†elements as the basic approach used in constructing and extending the Islamic economic discipline. This flaw is fundamental because such efforts, short of dismissing its framework in its entirety and replacing it with a completely Islamic one, would not yield a truly Islamic entity in its place. This is because the conventional concepts, definitions and framework do not corne with independent attributes, but are rather attached strongly to conventional philosophical and epistemological underpinnings. Merely furnishing Islamic justifications, but yet basing on and presenting within the conventional philosophical and epistemological framework embodied by conventional concepts and definitions, cannot yield a discipline that can be considered truly Islamic in its full sense.

Date: 2003
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ukm.my/jem/wp-content/uploads/2021/06/jeko_37-6.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ukm:jlekon:v:37:y:2003:i::p:129-134

Access Statistics for this article

More articles in Jurnal Ekonomi Malaysia from Faculty of Economics and Business, Universiti Kebangsaan Malaysia Contact information at EDIRC.
Bibliographic data for series maintained by Muhammad Asri Abd Ghani ().