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Class notes ISB 551 Islamic Economics: Principles and Analysis (Topic 2)
Good luck in Islamic Economic (ISB 551) Love from student ISBA new syllabus
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TOPIC 2ISLAMIC WORLD
TOPIC 2 VIEW
AND ISLAMIC
INTRODUCTION TO ISLAMIC
ECONOMICS
WORLDVIEW
Textbook- 3
, LEARNING OUTCOMES
At the end of the lessons, students
should be able:
Compare
between
Understand
Understand basic
the
the economic
meaning Explain the
relationship thinking in
and Islamic
between Islamic
concept of worldview
religion and economics
the
economics and
worldview
convention
al
, RELIGION AND ECONOMICS
Religionas an institution is inseparable from
economics as a science
Religion – spiritual aspects of humankind
Religion and economics share an interrelationship
that is facilitated by interconnectivity at various level
Religiousand economic life should interact in a way
that shape our behavior and our everyday
interactions and activities
Microlevel – degree of religiosity is one of the
determinants of demand and supply of a particular
market
Macro level – religiosity will also guide public choice
and government policy in matters of material welfare
in society.
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