Analysing the Present State and Future Agenda
- Studies in Islamic Finance, Accounting and Governance series
Chapter 5: From Islamic theology to Islamic economics
In the last two chapters we have repeatedly referred to the methodology of Islamic economics that takes it out of the realm of theology and moves toward making it a genuine social science. In this chapter we shall try to illustrate this point with examples from the Qur’an. We shall show how the divine and immutable statements of the Qur’an can be translated into economic postulates which can be presented for testing and verification. For this purpose first we shall summarize some of the economic statements of the Qur’an and then explain how they can be made the basis for developing Islamic economics. A similar methodology will be possible for authentic Traditions of the Prophet.
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