ISLAMIC ECONOMICS AS A DISCIPLINE: CLASSIFICATION OF DEFINITION AND CLARIFICATION OF SUBJECT MATTER

Year 2018, Volume: 5 Issue: 2, 69 - 93, 15.08.2018

Hafas Furqani

Abstract

Definition for a discipline or body of knowledge is
necessary. Islamic economics, being a new discipline in the formation is
challenged for a definition that would explain its nature, scope and
subject-matter. The definition of Islamic economics would clarify the object of
study, its subject matter and indicate the boundaries of its reach.
Furthermore, the definition of Islamic economics also would like to inform
readers about its underlying norms and aspirations as well as the objectives it
intends to serve. Scholars have proposed various definitions of Islamic
economics since the idea to have an Islamic economics emerged in the 1970’s. This
paper attempts to investigate the approaches taken in developing definitions of
Islamic economics, to observe the level of development in defining Islamic
economics as a body of knowledge and to classify the various definitions
proposed by scholars. The classification of definitions of Islamic economics
proposed by scholars will be attempted in order to see the different point of
view among the scholars in conceiving Islamic economics’ subject matter, as
well as to see the shades of thought in determining the Islamic economics’
object of study.

Keywords

Islamic economics, definition, subject-matter, discipline

References

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