Ideal Islamic Economy: An Introduction
In: Political Economy of Islam
Foreword -- Acknowledgements -- Contents -- List of Tables -- 1 Introduction -- Orientalism and Ersatz Islam -- Weber, New-Orientalism and Ersatz Islam -- Secularism and the New-Orientalism -- Ersatz Islam, "Islamic Law," Shari'ah, and Islamic Jurisprudence (Fiqh) -- Ersatz Islam and the Marxist Paradigm54 -- For Whom the Orientalist Bell Tolls? -- References -- 2 Capitalism and the Islamic Economic System -- Does Capitalism Define an Islamic Economy? -- Defining Capitalism -- Exchange, Principle and Mentality of Capitalism -- Islam and Capitalism-the Connection -- Varieties of Capitalism -- Religious Basis of Adam Smith's Vision of the Economy -- Islamic Economic System and Capitalism -- Does Capitalism Define an Islamic Economy? -- References -- 3 Overview of an Ideal Islamic System -- The Qur'an -- The Concept of Barakah -- The Objectives and Role of the Prophets and Messengers -- The New Institutional Economics and Institutional Scaffolding -- Institutional Scaffolding of Ideal Islamic Economy -- Role of Rules -- Rules of the Metaframework -- Overview of Sunan of Allah and Their Characteristics -- Overview of Rules Governing Humans' Relation with Allah (swt), with Their Own Self and with One Another -- References -- 4 Institutional Structure of a Sound Economy -- References -- 5 The Rules Governing an Islamic Economy -- Introduction -- Islamic Economic Paradigm -- The Ideal Economy -- Rules Governing Property -- Rules Governing the Market -- Rules Governing Distribution-Redistribution -- Conclusion -- Appendix -- Major Sunan of Allah (Swt) -- Characteristics of Sunan of Allah (Swt) -- References -- 6 The Operational Features of an Islamic Economy -- Economic Implications of Rules -- Implication of Rules for Economic Justice and Income and Wealth Distribution -- Concluding Remarks -- References