Toward a New Framework of Islamic Economic Analysis (2020)*

Despite a profusion of literature, efforts to develop Islamic economics as a discipline have not brought about anticipated results. This paper argues that it is the absence of clarity on what would make economics “Islamic” which impedes the development of Islamic economics. To fill that absence, th...

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Main Author: Akhmad Akbar Susamto
Format: Article
Language:English
Published: International Institute of Islamic Thought 2024-02-01
Series:American Journal of Islam and Society
Online Access:https://www.ajis.org/index.php/ajiss/article/view/3418
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author Akhmad Akbar Susamto
author_facet Akhmad Akbar Susamto
author_sort Akhmad Akbar Susamto
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description Despite a profusion of literature, efforts to develop Islamic economics as a discipline have not brought about anticipated results. This paper argues that it is the absence of clarity on what would make economics “Islamic” which impedes the development of Islamic economics. To fill that absence, this paper proposes three conditions under which an economics can be considered “Islamic”, and then defines the scope of Islamic economics and its methods. Finally, this paper suggests three implications which, taken together, entail that developing Islamic economics and building its body of knowledge is less complicated than was feared. *This article was first published in the American Journal of Islam and Society 37, no. 1-2 (2020): 103-122
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spelling doaj.art-8ecae90d530441abafca9dd4580c3a4e2024-02-06T13:56:02ZengInternational Institute of Islamic ThoughtAmerican Journal of Islam and Society2690-37332690-37412024-02-0141110.35632/ajis.v41i1.3418Toward a New Framework of Islamic Economic Analysis (2020)*Akhmad Akbar Susamto Despite a profusion of literature, efforts to develop Islamic economics as a discipline have not brought about anticipated results. This paper argues that it is the absence of clarity on what would make economics “Islamic” which impedes the development of Islamic economics. To fill that absence, this paper proposes three conditions under which an economics can be considered “Islamic”, and then defines the scope of Islamic economics and its methods. Finally, this paper suggests three implications which, taken together, entail that developing Islamic economics and building its body of knowledge is less complicated than was feared. *This article was first published in the American Journal of Islam and Society 37, no. 1-2 (2020): 103-122 https://www.ajis.org/index.php/ajiss/article/view/3418
spellingShingle Akhmad Akbar Susamto
Toward a New Framework of Islamic Economic Analysis (2020)*
American Journal of Islam and Society
title Toward a New Framework of Islamic Economic Analysis (2020)*
title_full Toward a New Framework of Islamic Economic Analysis (2020)*
title_fullStr Toward a New Framework of Islamic Economic Analysis (2020)*
title_full_unstemmed Toward a New Framework of Islamic Economic Analysis (2020)*
title_short Toward a New Framework of Islamic Economic Analysis (2020)*
title_sort toward a new framework of islamic economic analysis 2020
url https://www.ajis.org/index.php/ajiss/article/view/3418
work_keys_str_mv AT akhmadakbarsusamto towardanewframeworkofislamiceconomicanalysis2020