Munich Personal RePEc Archive

“The Genesis of Islamic Economics” Revisited

Islahi, Abdu Azim (2014): “The Genesis of Islamic Economics” Revisited. Published in: Islamic Economic Studies , Vol. 23, No. 2 (2015): pp. 1-28.

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Abstract

The present paper is an attempt to correct Timur Kuran on various issues related to the genesis of Islamic economics. It demonstrates that "Islamic economics" is not a product of twentieth century. The term may be new but its origins go back to early period of Islam. Its evolution up to the present state of a distinguished discipline can be divided into six distinct phases. The paper argues that the modern Islamic economics was never a sectarian subject. Nor was it developed for Muslims' identity and protection purpose. Scholars of different regions and of diverse affiliations promoted it and its propounders aimed at the well-being of all

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