Islamic Financial Economy and Islamic Banking, is a thorough, deeply conceptual, analytical and applied work in the area of epistemological foundation of Islamic world-system. The book presents a new frontier of original contribution to the theme of generalized-system model of shari’ah. The model, derived from the Qur’an and Sunnah (Prophetic guidance) incorporates a wide analytical coverage of the purpose and objective of the Islamic worldview (maqasid as-shari’ah) in Islamic economics and finance in particular. The author covers issues that contrast with the existing understanding of Islamic economics and finance, including some specific goals defining the field and how they compare in today’s unstable world of financial volatility. A new heterodox thinking in economic theory is outlined. The potential as to how such issues can be addressed by the Tawhidi epistemology in formulating the generalized-system model of the purpose and objective of shari’ah lead the way in this book. Its presentation and analysis, methods and approach, overarch the fields of philosophy of science, rigorous analysis, mathematical and other presentations of the understanding given, and all taken up in the light of the exegesis of the Qur’an and coverage of the Sunnah. The result is a substantive one in the field of scholarship and application; and in analytically proving the universality and uniqueness of the epistemic worldview for the academic and practitioner world at large. The totality of the multiverse diversity of issues and problems reviewed comprise the study of the world-system by the Tawhidi methodological approach. Yet this methodology and its empirical configuration are universally applicable to all users without any need for unnecessary religious overtone.
The potential as to how such issues can be addressed by the Tawhidi epistemology in formulating the generalized-system model of the purpose and objective of shari’ah lead the way in this book.
This highly original book presents an alternative vision of globalization and explores the epistemology, derived from the Qur'an and the Prophetic guidance Sunnah, that underpins the systemic unity at the heart of the Islamic concept of world-system. Choudhury's investigation reveals the ethical foundations that influence the development of law, markets and social contract in Islamic societies. He then applies his methodology to issues and problems such as property rights, money, political economy, technology diffusion, microenterprise development and asset evaluation.
This highly original book presents an alternative vision of globalization and explores the epistemology, derived from the Qur'an and the Prophetic guidance Sunnah, that underpins the systemic unity at the heart of the Islamic concept of ...
This book examines the methodological development of the principles of Islamic political economy in its theoretical and applied aspects. This is carried out in a general equilibrium framework using the theory of social choice. Thus a comparative study is also undertaken here in these areas while developing the theory of Islamic political economy. In these respects this book appears to be the first one of its kind.
This book examines the methodological development of the principles of Islamic political economy in its theoretical and applied aspects. This is carried out in a general equilibrium framework using the theory of social choice.
Theory and practice of Islamic political economy / Masudul Alam Choudhury -- Development strategies and achievements with a focus on the sustainability with the framework of Islamic movements and political economy in Malaysia / Ataul Huq Pramanik -- The political economy of Islamic finance: the Malaysian experience / Radiah Abdul Kader and Mohamed Ariff -- Industrial relations in Islam / Sayyid Tahir -- Financial structure and institutions for economic and social development / Volker Nienhaus.
Theory and practice of Islamic political economy / Masudul Alam Choudhury -- Development strategies and achievements with a focus on the sustainability with the framework of Islamic movements and political economy in Malaysia / Ataul Huq ...
This volume takes a unique and challenging look at how money has operated in Islamic society and at how Islamic theoretical frameworks have influenced perceptions of money. The author draws upon historical, data and policy analysis to present a comparative study of monetary theories, including recent treatment of money by Islamic economists. Discussion also covers the nature of joint venture, stock markets, banks and financial intermediaries, price stability and international trade. This work sheds pioneering light in this area, and will be of interest to academics, graduates and researchers internationally.
This volume takes a unique and challenging look at how money has operated in Islamic society and at how Islamic theoretical frameworks have influenced perceptions of money.
This book studies the absolute reality of the Qur’an, which is signified by the struggle of truth against falsehood in the framework of monotheistic unity of knowledge and the unified world-system induced by the consilience of knowledge. In such a framework the absolute reality reveals itself not by religious dogmatism. Rather, the methodology precisely comprises its distinctive parts. These are namely the ‘primal ontology’ as the foundational explained axiom of monotheistic unity; the ‘secondary ontologies’ as explanatory replications of the law of unity in the particulars of the world-system; ‘epistemology’ as the operational model; and ‘phenomenology’ as the structural nature of events induced by the monotheistic law, that is by knowledge emanating from the law. The imminent methodology remains the unique explanatory reference of all events that take place, advance, and change in continuity across continuums of knowledge, space, and time.
... maqasid-variables with diversification across evolutionary learning processes of inter-variable complementarities ... evoluonary learning according to tawhidi unity of knowledge and its Inducon of the unifying world-systems q q ÈÇ 1 ...
In general, therefore, we can define the area of economic decisionmaking as one of microeconomic theory applied to the study of optimal allocation of money capital among competing investment alternatives. Optimality here signifies the ...
This rigorously written book on the areas of Islamic principle theory and application is expected to break new ground in modern economic analysis, both for the Islamically inclined and others. The main features of the book include analytical treatments of the essential axioms and instruments of Islamic Political Economy, their expected application, and a comparative perspective both in respect to contemporary Islamic literature as well as comparative economic theory.
This rigorously written book on the areas of Islamic principle theory and application is expected to break new ground in modern economic analysis, both for the Islamically inclined and others.
This text seeks to elucidate the nature and methodology of Islamic political economy, offering a comparative study of occidental thought in the same area. Topics of microeconomics and macroeconomic theory are covered.
This text seeks to elucidate the nature and methodology of Islamic political economy, offering a comparative study of occidental thought in the same area. Topics of microeconomics and macroeconomic theory are covered.
