Re-evaluation on assumptions in Islamic economics: a preliminary study

Muhammad, Mohd Zulkifli and Abdullah, Azwan (2018) Re-evaluation on assumptions in Islamic economics: a preliminary study. eProceeding of International Conference on Islam and Global Issues 2018 (iCIGI2018), 1 (1): ch.5: 36. pp. 665-671. ISSN 978-967-15434-3-6

Abstract

This paper is intended for a preliminary study in re-evaluating Islamic economics assumptions. The assumptions were based on the two common assumptions in economic system which includes scarcity of resources and humans unlimited wants. This paper analyses how far these assumptions in Islamic economics placed tawheed as their axis and aligned with tasawwur Islam. The analysis was done by studying opinions and views of several Islamic economists. Content analysis and literature review were utilized to reach this objective. From this preliminary study, it was found that the current assumptions in Islamic economics were not favouring towards the true concept of tawheed and tasawwur Islam. It implies the needs for a more comprehensive study to be done in order to come up with a new resolution on the real assumptions of Islamic economics

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Muhammad, Mohd Zulkifli
zulkifli.m@umk.edu.my
Abdullah, Azwan
azwan.a@umk.edu.my
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Islam and economics
H Social Sciences > HB Economic Theory. Demography > Economics
Divisions: Universiti Teknologi MARA, Kelantan > Machang Campus > Academy of Contemporary Islamic Studies (ACIS)
Journal or Publication Title: eProceeding of International Conference on Islam and Global Issues 2018 (iCIGI2018)
ISSN: 978-967-15434-3-6
Volume: 1
Number: 1
Page Range: pp. 665-671
Keywords: Economics, Islamic economics, Scarcity
Date: 2018
URI: https://ir.uitm.edu.my/id/eprint/133042
Edit Item
Edit Item

Download

[thumbnail of 133042.pdf] Text
133042.pdf

Download (3MB)

ID Number

133042

Indexing

Statistic

Statistic details