ISLAMIC ECONOMY VERSUS CONVENTIONAL ECONOMY Cover Image

ISLAMIC ECONOMY VERSUS CONVENTIONAL ECONOMY
ISLAMIC ECONOMY VERSUS CONVENTIONAL ECONOMY

Author(s): Loredana Cornelia Boşca, Luciana Spineanu Georgescu
Subject(s): Economy
Published by: Editura Pro Universitaria
Keywords: ’ilm al-iqtisad; israf; ijma; riba; zakat; Sunnah; Shari’ah

Summary/Abstract: The purpose of this paper is to display, in a synthetic manner, the specificity of “Islamic economy” as compared to the so-called “conventional economy”. First of all, we will highlight the constitutive elements of the discourse of contemporary “Islamic economy” that essentially distinguish it from the discourse of Western economy, but we will also identify the religious and philosophical causes that play an important part within the shaping of this type of theoretical approach. Secondly, we will sustain that the expression “Islamic economy” signifies not only a social-political doctrine, which serves to an economic agenda, but also an “epistemological” project whose methodological framework may allow the evolution towards an “Islamic economics” on its own right.

  • Issue Year: 2014
  • Issue No: 2
  • Page Range: 85-95
  • Page Count: 11