Foundational challenges in the construction of an Islamic economics discipline
by Hafas Furqani
International Journal of Pluralism and Economics Education (IJPEE), Vol. 6, No. 4, 2015

Abstract: Islamic economics is challenged in whether it can be called a discipline in the sense of having a clear subject-matter, methodology to appraise theories, a well-organised body of knowledge and systematic accumulation of knowledge. Islamic economics is still in the formative stage as a discipline, and many fundamental issues need to be addressed by the scientific community. This paper identifies several challenges to be answered by the Islamic economic scientific community in order to develop a discipline of Islamic economics. Embarking from the Islamic worldview that provides foundations in our understanding of economic phenomena, we must develop the conceptual foundations, conceptual scheme, key-terminologies, methodology to appraise and evaluate theory, and an Islamic ethics framework. The answer to those challenges will determine the scientific direction of Islamic economics, ensure a sustainable growth of knowledge and expedite the evolutional process of Islamic economics becoming a distinct discipline.

Online publication date: Sat, 09-Apr-2016

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Pluralism and Economics Education (IJPEE):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email