This book presents selected essays on the epistemological foundation of the Islamic world-system, in the light of the exegesis of the Qur'an, to develop existing understandings of Islamic economics. A selection of key contributions by one of the world's leading figures working at the nexus of Islamic social sciences, Islamic philosophy, and Islamic economics, the book integrates applied foundations of Islamic economics and Islamic philosophy, presenting a critical outlook on the existing state of Islamic economics and Islamic finance, within a broader framework of socio-scientific enquiry, philosophical perspectives on Islam, and philosophy of science. The author confronts the absence of epistemic groundwork upon which any fresh social and scientific enquiry is developing in Islamic economics, casting the discussion within an explanatory framework of 'the unity of knowledge' as bestowed by Islamic monotheistic law, which substantively characterizes the generalization and details of 'everything'. The present work unravels this objective methodology and its application with reference to a limited number of issues and problems in global economics. Complex and multidisciplinary in its treatment, this book presents the key arguments on mathematical, philosophical, and socio-scientific modes of inquiry in deriving, developing, and empirically applying the Qur'anic methodology of the unity of knowledge to economic problems. It is relevant to scholars and advanced students in social scientific studies of Islam, Islamic theology and philosophy, and Islamic economics and finance.

Autorentext

Masudul Alam Choudhury is Professor and International Chair of the Postgraduate Program in Islamic Economics and Finance, Faculty of Economics, Trisakti University, Jakarta, Indonesia. He previously held teaching and research positions at the University of Malaysia, Kuala Lumpur; Sultan Qaboos University, Muscat, Oman; and Cape Breton University, Sydney, Nova Scotia, Canada.

Inhalt

A formaltreatment of contrasting Socio-scientific epistemologies.- Strengthening the islamic social pillar.- The phenomenology of unity of knowledge applied to the meaning of islamic market.- A theory of ethical endogeneity in Socioeconomic development: a mathematical exploration.- Many years after: evaluating the theory and application of islamic economics.- Islamic epistemic outlook on socioeconomic Development: case study of the sultanate of oman.- Islamic panacea to global financial predicament: a new financial architecture monetary relations in the 100 % rrms with the gold standard.- Islamic dinar and 100 percent reserve requirement monetary system.