‘True Man’: The True Economic Man for Islamic Economics

As value-free economics is under serious attacks, Islamic economics seems to have a bright future. Unfortunately, Islamic economics is facing an identity-crisis. This paper seeks to perform an inspection on the conceptualization of the ‘Islamic economic man’ by employing a discursive method. This p...

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Main Author: Mohd Mahyudi
Format: Article
Language:Arabic
Published: Universiti Sultan Azlan Shah 2015-12-01
Series:Global Journal Al-Thaqafah
Subjects:
Online Access:http://site.gjat.my/main/3074/index.asp?pageid=176482
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author Mohd Mahyudi
author_facet Mohd Mahyudi
author_sort Mohd Mahyudi
collection DOAJ
description As value-free economics is under serious attacks, Islamic economics seems to have a bright future. Unfortunately, Islamic economics is facing an identity-crisis. This paper seeks to perform an inspection on the conceptualization of the ‘Islamic economic man’ by employing a discursive method. This paper first provides a reality-check exercise which reveals that Islamic economics institution’s weak social performance originates from the absence of homo Islamicus. Thence, this paper searches for a universal truth about Muslims as economic agents. Surprisingly, this study has found that they are neither homo Islamicus nor homo economicus. Thus, the most important implication of this paper is the replacement of homo Islamicus as the basis of the micro-foundation for Islamic economics. Instead, the concept of ‘true man’ is proposed. Therefore, future research may develop the specific details of this ‘true man’ for Islamic economics to be a more reliable social science.
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spelling doaj.art-fc83b7747b9e46a19e98f43d75873c082022-12-21T18:31:59ZaraUniversiti Sultan Azlan ShahGlobal Journal Al-Thaqafah2232-04742232-04822015-12-0152637210.7187/GJAT912015.05.02‘True Man’: The True Economic Man for Islamic EconomicsMohd Mahyudi0Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, IIUM Gombak Campus, Jalan Gombak, Selangor, P.O. Box 10, 50728 Kuala Lumpur, MalaysiaAs value-free economics is under serious attacks, Islamic economics seems to have a bright future. Unfortunately, Islamic economics is facing an identity-crisis. This paper seeks to perform an inspection on the conceptualization of the ‘Islamic economic man’ by employing a discursive method. This paper first provides a reality-check exercise which reveals that Islamic economics institution’s weak social performance originates from the absence of homo Islamicus. Thence, this paper searches for a universal truth about Muslims as economic agents. Surprisingly, this study has found that they are neither homo Islamicus nor homo economicus. Thus, the most important implication of this paper is the replacement of homo Islamicus as the basis of the micro-foundation for Islamic economics. Instead, the concept of ‘true man’ is proposed. Therefore, future research may develop the specific details of this ‘true man’ for Islamic economics to be a more reliable social science.http://site.gjat.my/main/3074/index.asp?pageid=176482Islamisation of knowledgeIslamic economicshomo IslamicusIslamic social sciencehomo economicus
spellingShingle Mohd Mahyudi
‘True Man’: The True Economic Man for Islamic Economics
Global Journal Al-Thaqafah
Islamisation of knowledge
Islamic economics
homo Islamicus
Islamic social science
homo economicus
title ‘True Man’: The True Economic Man for Islamic Economics
title_full ‘True Man’: The True Economic Man for Islamic Economics
title_fullStr ‘True Man’: The True Economic Man for Islamic Economics
title_full_unstemmed ‘True Man’: The True Economic Man for Islamic Economics
title_short ‘True Man’: The True Economic Man for Islamic Economics
title_sort true man the true economic man for islamic economics
topic Islamisation of knowledge
Islamic economics
homo Islamicus
Islamic social science
homo economicus
url http://site.gjat.my/main/3074/index.asp?pageid=176482
work_keys_str_mv AT mohdmahyudi truemanthetrueeconomicmanforislamiceconomics