THIS COURSE INTRODUCES STUDENTS TO THE BASIC PREMISE THAT THE STUDY OF ISLAMIC ECONOMICS STEMS FROM THE ISLAMIC WORLDVIEW AND HAS TO BE DEVELOPED ACCORDING TO A METHODOLOGY THAT IS FOUNDED UPON THIS WORLDVIEW. THEREFORE THE `FOUNDATIONS' THAT NEED ELABORATION ARE THE ISLAMIC WORLDVIEW, ISLAMIC ECONOMIC METHODOLOGY AND FEATURES OF AN ISLAMIC ECONOMIC SYSTEM.
SINCE ECONOMICS DEALS WITH THE PRODUCTION, CONSUMPTION AND DISTRIBUTION ACTIVITIES OF MAN, AND THESE AREAS WILL BE ADDRESSED IN THIS COURSE. OTHER MORE PROMINENT AREAS OF CONTEMPORARY ISLAMIC ECONOMICS SUCH AS THE PROHIBITION OF RIBA’ AND ISSUES IN ISLAMIC BANKING ARE ALSO DISCUSSED.
SINCE ECONOMICS DEALS WITH THE PRODUCTION, CONSUMPTION AND DISTRIBUTION ACTIVITIES OF MAN, AND THESE AREAS WILL BE ADDRESSED IN THIS COURSE. OTHER MORE PROMINENT AREAS OF CONTEMPORARY ISLAMIC ECONOMICS SUCH AS THE PROHIBITION OF RIBA’ AND ISSUES IN ISLAMIC BANKING ARE ALSO DISCUSSED.
Skill Level: Beginner