Re-evaluation on assumptions in Islamic economics: a preliminary study

This paper is intended for a preliminary study in re-evaluating Islamic economics assumptions. The assumptions were based on the two common assumptions in economic system which includes scarcity of resources and humans unlimited wants. This paper analyses how far these assumptions in Islamic economi...

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Main Authors: Muhammad, Mohd. Zulkifli, Mohd. Rosdi, Mohd. Syakir, Abdullah, Azwan, Muhamad, Nasrul Hisyam Nor
Format: Article
Published: Human Resource Management Academic Research Society 2018
Subjects:
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author Muhammad, Mohd. Zulkifli
Mohd. Rosdi, Mohd. Syakir
Abdullah, Azwan
Muhamad, Nasrul Hisyam Nor
author_facet Muhammad, Mohd. Zulkifli
Mohd. Rosdi, Mohd. Syakir
Abdullah, Azwan
Muhamad, Nasrul Hisyam Nor
author_sort Muhammad, Mohd. Zulkifli
collection ePrints
description This paper is intended for a preliminary study in re-evaluating Islamic economics assumptions. The assumptions were based on the two common assumptions in economic system which includes scarcity of resources and humans unlimited wants. This paper analyses how far these assumptions in Islamic economics placed tawheed as their axis and aligned with tasawwur Islam. The analysis was done by studying opinions and views of several Islamic economists. Content analysis and literature review were utilized to reach this objective. From this preliminary study, it was found that the current assumptions in Islamic economics were not favouring towards the true concept of tawheed and tasawwur Islam. It implies the needs for a more comprehensive study to be done in order to come up with a new resolution on the real assumptions of Islamic economics.
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institution Universiti Teknologi Malaysia - ePrints
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spelling utm.eprints-869082020-10-22T04:13:28Z http://eprints.utm.my/86908/ Re-evaluation on assumptions in Islamic economics: a preliminary study Muhammad, Mohd. Zulkifli Mohd. Rosdi, Mohd. Syakir Abdullah, Azwan Muhamad, Nasrul Hisyam Nor BP Islam. Bahaism. Theosophy, etc HD28 Management. Industrial Management This paper is intended for a preliminary study in re-evaluating Islamic economics assumptions. The assumptions were based on the two common assumptions in economic system which includes scarcity of resources and humans unlimited wants. This paper analyses how far these assumptions in Islamic economics placed tawheed as their axis and aligned with tasawwur Islam. The analysis was done by studying opinions and views of several Islamic economists. Content analysis and literature review were utilized to reach this objective. From this preliminary study, it was found that the current assumptions in Islamic economics were not favouring towards the true concept of tawheed and tasawwur Islam. It implies the needs for a more comprehensive study to be done in order to come up with a new resolution on the real assumptions of Islamic economics. Human Resource Management Academic Research Society 2018 Article PeerReviewed Muhammad, Mohd. Zulkifli and Mohd. Rosdi, Mohd. Syakir and Abdullah, Azwan and Muhamad, Nasrul Hisyam Nor (2018) Re-evaluation on assumptions in Islamic economics: a preliminary study. International Journal of Academic Research in Business and Social Sciences, 8 (10). pp. 162-173. ISSN 2222-6990 http://dx.doi.org/10.6007/IJARBSS/v8-i10/4722 DOI:10.6007/IJARBSS/v8-i10/4722
spellingShingle BP Islam. Bahaism. Theosophy, etc
HD28 Management. Industrial Management
Muhammad, Mohd. Zulkifli
Mohd. Rosdi, Mohd. Syakir
Abdullah, Azwan
Muhamad, Nasrul Hisyam Nor
Re-evaluation on assumptions in Islamic economics: a preliminary study
title Re-evaluation on assumptions in Islamic economics: a preliminary study
title_full Re-evaluation on assumptions in Islamic economics: a preliminary study
title_fullStr Re-evaluation on assumptions in Islamic economics: a preliminary study
title_full_unstemmed Re-evaluation on assumptions in Islamic economics: a preliminary study
title_short Re-evaluation on assumptions in Islamic economics: a preliminary study
title_sort re evaluation on assumptions in islamic economics a preliminary study
topic BP Islam. Bahaism. Theosophy, etc
HD28 Management. Industrial Management
work_keys_str_mv AT muhammadmohdzulkifli reevaluationonassumptionsinislamiceconomicsapreliminarystudy
AT mohdrosdimohdsyakir reevaluationonassumptionsinislamiceconomicsapreliminarystudy
AT abdullahazwan reevaluationonassumptionsinislamiceconomicsapreliminarystudy
AT muhamadnasrulhisyamnor reevaluationonassumptionsinislamiceconomicsapreliminarystudy