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Islamic economics: a survey of the literature

Zaman, Asad (2008) Islamic economics: a survey of the literature. Working Paper. University of Birmingham, Birmingham, UK.

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URL of Published Version: http://www.religionsanddevelopment.org/files/resourcesmodule/@random454f80f60b3f4/1226574692_working_paper_22___web_version.pdf


A central thesis of this paper is that social science is the study of human experience, and hence is strongly conditioned by history. Modern Western political, economic and social structures have emerged as a consequence of the repudiation of religion associated with the Enlightenment and are based on secular principles. Many of these are inimical to Islamic principles, and cannot be adapted to an Islamic society. Muslim societies achieved freedom from colonial rule in the first half of the twentieth century and have sought to construct institutions in conformity with Islam. The development of Islamic economics is part of this process of transition away from Western colonial institutions. This paper is a survey of the literature on Islamic economics, which focuses on the contrasts between Western economic theories and Islamic approaches to the organization of economic affairs.

Type of Work:Monograph (Working Paper)
School/Faculty:Colleges (2008 onwards) > College of Social Sciences
Number of Pages:103
Department:International Development Department
Projects:Religions and Development Research Programme
Series/Collection Name:RaD Working Papers Series
Keywords:Islam, Islamic Economics, Religion, Development
Subjects:B Philosophy. Psychology. Religion > BL Religion
H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
J Political Science > JA Political science (General)
Related URLs:
Copyright Holders:University of Birmingham
ID Code:1538

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