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Methodology of Islamic economics: overview of present state and future direction

Haneef, Mohamed Aslam and Furqani, Hafas (2011) Methodology of Islamic economics: overview of present state and future direction. International Journal of Economics, Management & Accounting , 19 (1). pp. 1-26. ISSN 0128-006

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Abstract

This paper argues that research and publications in the area of methodology of Islamic economics is very significant for a meaningful development of the discipline. Although the discussion on methodology of Islamic economics in contemporary Islamic economics literature is rather limited, this paper reviews the works of selected scholars who have attempted to present works on ‘methodology’ and their approach to the process of theory building in Islamic economics. The paper then presents some implications of these views based on the position that methodology investigates the criteria, rationalizations, arguments and justifications used in theory appraisal as well as evaluating the reliability of theories, this paper concludes that greater resources, both human and financial, need to be channeled to developing uÎūl al-iqtiÎād, a fundamental, but vastly, neglected area of research in contemporary Islamic economics. JEL Classification: B41, B49, B59, Z12 Key words: Methodology, Islamic economics, uÎūl al-iqtiÎād.

Item Type: Article (Journal)
Additional Information: 541/41671
Uncontrolled Keywords: Methodology, Islamic economics, uÎūl al-iqtiÎād.
Subjects: H Social Sciences > HB Economic Theory
Kulliyyahs/Centres/Divisions/Institutes: Centre for Islamic Economics
Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User: Prof. Mohamed Aslam Mohamed Haneef
Date Deposited: 16 Mar 2015 11:09
Last Modified: 02 Jul 2015 11:05
URI: http://irep.iium.edu.my/id/eprint/41671

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