Toward a New Framework of Islamic Economic Analysis

Despite all the written works circulated or published so far, the effort to develop Islamic economics as a discipline does not seem to have brought about the expected results. This paper argues that it is the absence of a clear notion of what economics can be considered (and henceforth be given the...

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Autor principal:	Akhmad Akbar Susamto
Formato:	article
Lenguaje:	EN
Publicado:	International Institute of Islamic Thought 2020
Materias:	Islamic worldview; Islamic economics; Methodology of Islamic economics Islam BP1-253
Acceso en línea:	https://doaj.org/article/1d12b19678e345d3aee8483cd29edc1a
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spelling	oai:doaj.org-article:1d12b19678e345d3aee8483cd29edc1a2021-12-02T19:22:46ZToward a New Framework of Islamic Economic Analysis10.35632/ajis.v37i1-2.5912690-37332690-3741https://doaj.org/article/1d12b19678e345d3aee8483cd29edc1a2020-05-01T00:00:00Zhttps://www.ajis.org/index.php/ajiss/article/view/591https://doaj.org/toc/2690-3733https://doaj.org/toc/2690-3741 Despite all the written works circulated or published so far, the effort to develop Islamic economics as a discipline does not seem to have brought about the expected results. This paper argues that it is the absence of a clear notion of what economics can be considered (and henceforth be given the prefix) Islamic that impedes the development of Islamic economics. To rectify the problem, this paper hence proposes three main conditions under which an economics can be considered Islamic. This paper further proposes that the scope of Islamic economics consists of four distinguished fields of work, and that the methods used in the development of Islamic economics vary depending on the end sought within each of these fields of work. This paper finally expands on three implications, which together give rise to a hope that to develop Islamic economics and its body of knowledge can be much less complicated than what Islamic economists have ever thought. This paper as a whole can be seen as a beginning statement toward a new, more comprehensive framework of Islamic economic analysis. Akhmad Akbar SusamtoInternational Institute of Islamic ThoughtarticleIslamic worldview; Islamic economics; Methodology of Islamic economicsIslamBP1-253ENAmerican Journal of Islam and Society, Vol 37, Iss 1-2 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	Islamic worldview; Islamic economics; Methodology of Islamic economics Islam BP1-253
spellingShingle	Islamic worldview; Islamic economics; Methodology of Islamic economics Islam BP1-253 Akhmad Akbar Susamto Toward a New Framework of Islamic Economic Analysis
description	Despite all the written works circulated or published so far, the effort to develop Islamic economics as a discipline does not seem to have brought about the expected results. This paper argues that it is the absence of a clear notion of what economics can be considered (and henceforth be given the prefix) Islamic that impedes the development of Islamic economics. To rectify the problem, this paper hence proposes three main conditions under which an economics can be considered Islamic. This paper further proposes that the scope of Islamic economics consists of four distinguished fields of work, and that the methods used in the development of Islamic economics vary depending on the end sought within each of these fields of work. This paper finally expands on three implications, which together give rise to a hope that to develop Islamic economics and its body of knowledge can be much less complicated than what Islamic economists have ever thought. This paper as a whole can be seen as a beginning statement toward a new, more comprehensive framework of Islamic economic analysis.
format	article
author	Akhmad Akbar Susamto
author_facet	Akhmad Akbar Susamto
author_sort	Akhmad Akbar Susamto
title	Toward a New Framework of Islamic Economic Analysis
title_short	Toward a New Framework of Islamic Economic Analysis
title_full	Toward a New Framework of Islamic Economic Analysis
title_fullStr	Toward a New Framework of Islamic Economic Analysis
title_full_unstemmed	Toward a New Framework of Islamic Economic Analysis
title_sort	toward a new framework of islamic economic analysis
publisher	International Institute of Islamic Thought
publishDate	2020
url	https://doaj.org/article/1d12b19678e345d3aee8483cd29edc1a
work_keys_str_mv	AT akhmadakbarsusamto towardanewframeworkofislamiceconomicanalysis
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Toward a New Framework of Islamic Economic Analysis

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