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The Foundations of Islamic Political Economy (Hardcover)
Loot Price: R4,517
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The Foundations of Islamic Political Economy (Hardcover)
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The main objective of this book is to develop the framework of the
"shuratic" process that establishes interactions between the
ethical principles of Islam, the instruments and institutions of
ethical policy and the market system. The market system is thus
shown as the arena where "shuratic" policies and Islamic principles
flourish side by side toward bringing about the integration between
the Islamic polity and the grand ecological order of which the
market system is a specific subset. The development of the key
principles and instruments of the Islamic ethico-economic order is
given in a rigorous scientific relevance based on the
epistemological foundations of the Quran and "Sunnah". From these
fundamental beginnings the book rapidly unfolds into the logistics
of the polity-market integration process, termed throughout the
book as the "shuratic" process. The labyrinth of transformations,
interrelationships and scientific meaningness of these relations
are shown to lead into dimensions in economic theory and economic
discipline. The Principles of the Islamic economy are, the
principle of "Tawhid" and solidarity, the Principle of Felicity
linked to the Principle of "Tawhid", the Pr
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