What is Wrong with Islamic Economics?

What is Wrong with Islamic Economics?

Analysing the Present State and Future Agenda

Studies in Islamic Finance, Accounting and Governance series

Muhammad Akram Khan

What is Wrong with Islamic Economics? takes an objective look at the state of the art in Islamic economics and finance. It analyses reasons for perceived stagnation and also suggests a way forward.

Chapter 2: The ‘why’ of Islamic economics

Muhammad Akram Khan

Subjects: asian studies, asian economics, economics and finance, asian economics, financial economics and regulation, islamic economics and finance, money and banking

Extract

The present chapter tries to explore the justification given by Muslim economists and scholars for developing an independent discipline of ‘Islamic economics’. We shall give our assessment of the justification as we proceed and conclude that the reasons given for developing a separate branch of knowledge in the name of ‘Islamic economics’ are not well founded.

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