Reconstruction of Islamic Economic Theory: From Revelation to Methodology

The study aims to rediscover the original source (Al Qur’an) of Islamic economic theory in context of the influence of mainstream theories on contemporary Islamic economics studies. This study reveals the original axiomatic foundations of the Islamic systemwith defined characteristics and features a...

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Main Authors: Bayu Taufiq Possumah, Abdul Ghafar Ismail
Format: Article
Language:English
Published: İLKE İlim Kültür Eğitim Vakfı 2020-08-01
Series:Türkiye İslam İktisadı Dergisi
Subjects:
Online Access:https://tujise.org/content/6-issues/14-7-2/a071/7_2-56-75.pdf
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author Bayu Taufiq Possumah
Abdul Ghafar Ismail
author_facet Bayu Taufiq Possumah
Abdul Ghafar Ismail
author_sort Bayu Taufiq Possumah
collection DOAJ
description The study aims to rediscover the original source (Al Qur’an) of Islamic economic theory in context of the influence of mainstream theories on contemporary Islamic economics studies. This study reveals the original axiomatic foundations of the Islamic systemwith defined characteristics and features asthe source of Qur’anomic or economic theory.Moreover, amethodology is proposed to reconstructthe Islamic economic theory in four phas- esincluding; the classification of Al Quran verses pertinent to economic affairs, exegesis-based understanding of theories, chronology, andmicro-macro socio-economic context.The novelty ofthisstudy isthe combination ofthe science of exegesis and economics.The findings of thisstudy are expected to differentiate pure Islamic economics studiesfrom those influenced by secular economic thinking.
format Article
id doaj-art-9e34efbb65ab451596d72dac193e8d9e
institution Kabale University
issn 2148-3809
language English
publishDate 2020-08-01
publisher İLKE İlim Kültür Eğitim Vakfı
record_format Article
series Türkiye İslam İktisadı Dergisi
spelling doaj-art-9e34efbb65ab451596d72dac193e8d9e2025-02-03T09:56:43ZengİLKE İlim Kültür Eğitim VakfıTürkiye İslam İktisadı Dergisi2148-38092020-08-0172506910.26414/A071Reconstruction of Islamic Economic Theory: From Revelation to MethodologyBayu Taufiq Possumah0https://orcid.org/0000-0001-5541-4890Abdul Ghafar Ismail1https://orcid.org/0000-0003-2450-0168Institut Agama Islam TazkiaUniversiti Sains Islam Malaysia (USIM)The study aims to rediscover the original source (Al Qur’an) of Islamic economic theory in context of the influence of mainstream theories on contemporary Islamic economics studies. This study reveals the original axiomatic foundations of the Islamic systemwith defined characteristics and features asthe source of Qur’anomic or economic theory.Moreover, amethodology is proposed to reconstructthe Islamic economic theory in four phas- esincluding; the classification of Al Quran verses pertinent to economic affairs, exegesis-based understanding of theories, chronology, andmicro-macro socio-economic context.The novelty ofthisstudy isthe combination ofthe science of exegesis and economics.The findings of thisstudy are expected to differentiate pure Islamic economics studiesfrom those influenced by secular economic thinking.https://tujise.org/content/6-issues/14-7-2/a071/7_2-56-75.pdf: islamic economic systemislamic economic theoryrevealed knowledgeeconomic methodology
spellingShingle Bayu Taufiq Possumah
Abdul Ghafar Ismail
Reconstruction of Islamic Economic Theory: From Revelation to Methodology
Türkiye İslam İktisadı Dergisi
: islamic economic system
islamic economic theory
revealed knowledge
economic methodology
title Reconstruction of Islamic Economic Theory: From Revelation to Methodology
title_full Reconstruction of Islamic Economic Theory: From Revelation to Methodology
title_fullStr Reconstruction of Islamic Economic Theory: From Revelation to Methodology
title_full_unstemmed Reconstruction of Islamic Economic Theory: From Revelation to Methodology
title_short Reconstruction of Islamic Economic Theory: From Revelation to Methodology
title_sort reconstruction of islamic economic theory from revelation to methodology
topic : islamic economic system
islamic economic theory
revealed knowledge
economic methodology
url https://tujise.org/content/6-issues/14-7-2/a071/7_2-56-75.pdf
work_keys_str_mv AT bayutaufiqpossumah reconstructionofislamiceconomictheoryfromrevelationtomethodology
AT abdulghafarismail reconstructionofislamiceconomictheoryfromrevelationtomethodology