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Islamization of Economics: The Concept and Methodology تحقيق إسلامية علم الاقتصاد: المفهوم والمنهج

Author

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  • MUHAMMAD ANAS ZARQA

    (Economic Researcher, international Investor, Kuwait)

Abstract

Could there be a science of economics that could be described as “Islamic”? If so, does this imply denial of the existence of global economic laws that encompass all social systems, both Islamic and non-Islamic? This research paper aims at finding a considered and detailed answer to these two questions through: (a) Demonstrating that, although science is generally characterized by its factual descriptive statements (i.e. the laws which it arrives at), there are still certain basic aspects of any science, (the social sciences in particular, including economics), regarding which no researcher can help depend on a set of pre-conceived values. (b) Demonstrating that, although the texts of Islamic Shari’ah (Law) are basically a source of values, yet they often contain descriptive statements about economic life. If we replace those values on which the science of economics should be based (mentioned in ‘a’) by Islamic values, and if we add to the secular statements that economics has so far arrived at by the statements mentioned in ‘b’, we would then be able to establish an Islamic science of economics. The paper also explains the relationship between Islamic Economics and Islamic Law and discusses a proposed work plan to Islammization of economics. هل يمكن أن ينشأ علم اقتصاد يصح وصفه بأنه إسلامي ؟ وهل يعني ذلك إنكار وجود سنن (قوانين) اقتصادية عالمية شاملة لجميع النظم الاجتماعية ؟ يسعى البحث للإجابة المتعمقة عن هذين السؤالين من خلال : (أ) بيان أنه على الرغم من أن العلم عموما يتميز بمقولاته الوصفية أي (القوانين) التي يتوصل إليها، إلا أن هناك جوانب أساسية من كل علم (وبخاصة العلوم الاجتماعية ومنها الاقتصاد ) لا مفر لأي باحث أن يستند فيها لقيم سابقة . (ب) إن نصوص الشريعة الإسلامية على الرغم من أنها أساساً مصدر للقيم لكنها كثيراً ما تنطوي على مقولات وصفية عن الحياة الاقتصادية . فإذا استبدلنا بالقيم التي لا بد أن يستند إليها علم الاقتصاد ( المذكورة في أ ) قيما إسلامية، وأضفنا إلى المقولات الوضعية التي توصل إليها هذا العلم حتى الآن المقولات المذكورة في (ب) ، يمكننا حينئذ أن ننشئ علم اقتصاد إسلامي. كما يوضح البحث العلاقة بين علم الاقتصاد الإسلامي والفقه ويناقش خطة عمل مقترحة لتحقيق إسلامية علم الاقتصاد .

Suggested Citation

  • Muhammad Anas Zarqa, 2003. "Islamization of Economics: The Concept and Methodology تحقيق إسلامية علم الاقتصاد: المفهوم والمنهج," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 16(1), pages 3-42, January.
    • Handle: RePEc:abd:kauiea:v:16:y:2003:i:1:no:1:p:3-42
    DOI: 10.4197/islec.16-1.1
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    References listed on IDEAS

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    1. Benjamin Ward, 1972. "What’s Wrong with Economics I," Palgrave Macmillan Books, in: What’s Wrong with Economics?, chapter 6, pages 89-92, Palgrave Macmillan.
    2. Benjamin Ward, 1972. "What’s Wrong with Economics II," Palgrave Macmillan Books, in: What’s Wrong with Economics?, chapter 16, pages 237-246, Palgrave Macmillan.
    3. Benjamin Ward, 1972. "What’s Wrong with Economics?," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-01806-2, December.
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    Cited by:

    1. Bambang Agus Pramuka, 2012. "The feasibility of financing Indonesian migrant workers by Islamic banks," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 4(2), pages 173-180, April.
    2. Mohd Mahyudi & Enizahura Abdul Aziz, 2018. "Method and Substance of Islamic Economics Revisited إعادة النظر في منهجية ومرتكزات الاقتصاد الإسلامي," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 31(2), pages 33-50, July.
    3. Swastika, Putri & Dewandaru, Ginanjar & Masih, Mansur, 2013. "Does Restricted Short Selling Bring Benefit to Stocks Listed in Islamic Capital Market? New Evidence from Malaysia based on Dynamic Panel Heterogeneous Techniques," MPRA Paper 58833, University Library of Munich, Germany.

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