Islamic financial economy and Islamic banking / edited by Masudul Alam Choudhury.

Format:

Book

Contributor:

Choudhury, Masudul Alam, 1948- editor.

Series:

Islamic business and finance series

Language:

English

Subjects (All):

Banks and banking--Religious aspects--Islam.

Banks and banking.

Economics--Islamic countries.

Economics.

Islamic countries.

Economics--Religious aspects--Islam.

Physical Description:

xiv, 259 pages ; 25 cm.

Place of Publication:

Abingdon, Oxon ; New York, NY : Routledge, 2016.

Summary:

Islamic Financial Economy and Islamic Banking, is a thorough, deeply conceptual, analytical and applied work in the area of epistemological foundation of Islamic world-system. The book provides an original contribution to the generalized-system model of shari'ah. The model, derived from the Qur'an and Sunnah (Prophetic guidance) incorporates a wide, analytical coverage of the purpose and objective of the Islamic worldview (maqasid as-shari'ah) in Islamic economics and finance in particular. The author covers issues that contrast with the existing understanding of Islamic economics and finance, including some specific goals defining the field and how they compare in today's unstable world of financial volatility. A new heterodox thinking in economic theory is outlined. The potential as to how such issues can be addressed by the Tawhidi epistemology in formulating the generalized-system model of the purpose and objective of shari'ah lead the way in this book. Its presentation and analysis, methods and approach, overarch the fields of philosophy of science, rigorous analysis, mathematical and other presentations of the understanding given, and all taken up in the light of the exegesis of the Qur'an and coverage of the Sunnah. The result is a substantive one in the field of scholarship and application; and in analytically proving the universality and uniqueness of the epistemic worldview for the academic and practitioner world at large. The totality of the multiverse diversity of issues and problems reviewed comprise the study of the world-system by the Tawhidi methodological approach. Yet this methodology and its empirical configuration are universally applicable to all users without any need for unnecessary religious overtones. Book jacket.

Contents:

Acknowledgment

Prologue

Introduction: the nature of Islamic financial economics in Tawhidi methodological framework

The Tawhidi methodology with implication in Islamic economics as an embedded socio-scientific system contra-Islamic mainstream reasoning

The philosophy of knowledge in Islam and its implications on the generality and specifics of the world-system

Religion and social economics

Appendix to chapter 3: non-parametric representation of what integration between economics and religions means in the evolutionary learning methodological worldview

Generalized system view of Maqasid as-shariah

The performance measures of Islamic banking based on the maqasid framework

Shari'ah market in global implications

A generalized islamic development-financing instrument

The role of zakah in mainstream economic model

Human potential, wellbeing and philanthropy: a philosophico-financial economic inquiry

The Islamic panacea to global financial predicament : a new financial architecture

Statistical appendix to chapter 10: data on critical financial crisis indicators

Is there possibility for Islamic financial economics and islamic banking? (a post-orthodoxy criticism)

Conclusion: islamisation of knowledge and education and its implication in Islamic financial economics.

Notes:

Includes bibliographical references and index.

Other Format:

Online version: Islamic financial economy and Islamic banking.

ISBN:

9781472438775

1472438779

OCLC:

931476689