1989•Journal of King Abdulaziz University-Islamic EconomicsRequires access

Islamic Economics: Some Issues in Definition and Methodology

J. I. Laliwala

Abstract

Mr, Mohammad Arif in his comments on the contributions of Dr. Hasanuzzaman and Mr. Akram Khan in the Winter 140511985 issue of JRIE (pp. 87-103) has raised certain vital questions as regards the definition and methodology of Islamic economics. As the discussion on this topic helps in understanding the basic approach of Islam towards the economic problem of Man and the solution that Islam provides for, it is worth while to participate in this discussion and make an attempt to clarify the definition of Islamic economics and the subsequent methodology involved. This will also help integrate Islamic economics with the general science of economics.

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Key concepts: Islam, Islamic economics, Management science, Economics, Philosophy, Theology