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Content Approach to Analytics of Islamic Banks by Meso-economics of Inter-causality

In: Islamic Economics as Mesoscience

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  • Masudul Alam Choudhury

    (Trisakti University
    University of Toronto)

Abstract

The ontological worldview of Tawhid as the cardinal Law of unity of knowledge centering in monotheistic organic participatory methodology of the Qur’an is shown to have been evaded from the mind and actions of Islamic banks and their mentor, the Islamic Development Plan (IDB) and its think tank, Islamic Research and Training Institute (IRTI). Thereby the theory and practice of Islamic economics and finance as they must be in the true light of the qur’anic methodological worldview has remained unknown and ungrounded in the entirety of Islamic erudition in the socio-scientific meso-scale of learning. This chapter offers a critique, correction, and revived possibility to the much-needed reformation. Without such essential reformulation of the field of so-called Islamic economics, finance, science, and society, sheer banking on shari’ah and fiqh as human concocted origin, distances qur’anic erudition from the essentiality of Tawhid as the primal ontological law.

Suggested Citation

  • Masudul Alam Choudhury, 2020. "Content Approach to Analytics of Islamic Banks by Meso-economics of Inter-causality," Springer Books, in: Islamic Economics as Mesoscience, chapter 0, pages 75-93, Springer.
    • Handle: RePEc:spr:sprchp:978-981-15-6054-5_4
    DOI: 10.1007/978-981-15-6054-5_4
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