• Cambridge Scholars Publishing

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Islamic Economics: Basic Concepts, New Thinking and Future Directions

Studies conducted in the field of Islamic economics lose their relevance over time. Works examining Islamic economics since the 1970s have been co-opted by the existing economic system and have become limited to a large extent, as they are now only concerned with financial transactions. In fact, “Islamic economics” as a concept should actually be conceptualized as an alternative economic system. However, because of the financial and commercial transactions implemented in daily economic life, it diverges from this position, and the contributions it could make to economic theory are overlooked as Islamic financial instruments become widespread. Although there are various conceptualizations, such as “the economy of Islam,” “the Islamic economy,” “Islamic economics,” “Islamic finance,” and so on, it has become difficult to clarify these ideas with regards to the intention with which these concepts are used, their points of reference, and the kind of power they have.

This book approaches the historical course of the debate on Islamic economics and its current effects on the modern conceptual world. It brings together papers which emphasize this concept from a number of different perspectives, in order to lay down a firm foundation for contemporary socio-economic issues, and for the legacy of the Islamic tradition.

Taha Eğri received his BA in Economics from Boğaziçi University and his MA in Economic Policy from Istanbul University. He is a PhD candidate and Research Assistant at Istanbul University’s Department of Economics, and is currently a Visiting Scholar at George Mason University. His research interests relate to institutional economics, the political economy of revolts, with a particular focus on Arab revolutions, and Islamic economics.

Necmettin Kizilkaya is currently an Assistant Professor in the Faculty of Theology at Istanbul University. He received his BA in Theology and his MA in Islamic Law from the Faculty of Theology at Marmara University, and his PhD in Islamic Law from Selçuk University. His research interests relate to Islamic studies, especially Islamic law and economics, and focus on the history of Islamic law and the sub-genres of Islamic law, such as qawā‘id and furūq. Dr Kızılkaya is also currently working on Islamic economics and contemporary issues from a legal perspective.

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Abdulazeem Abozaid

Zakaria Bin Bahari

Masudul Alam Choudhury

Abul Hassan

Fahim Khan

Necmettin Kızılkaya

Sennur Ozdemir

Muhammad Syruki Salleh

Lubna Sarwath

Lutfi Sunar

Amir Walbalbari

Asad Zaman

Buy This Book

ISBN: 1-4438-7456-6

ISBN13: 978-1-4438-7456-4

Release Date: 9th June 2015

Pages: 255

Price: £47.99