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Class notes ISB 551 Islamic Economics: Principles and Analysis (Topi 3)
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SCOPE ANDMETHODOLOGY
OF ISLAMIC
ECONOMICS
, SCOPE AND METHODOLOGY OF ISLAMIC
ECONOMICS
Learning
Outcome
Understand Have a
Provide an Appreciate the
the scope of general
overview of the salient
Islamic understandin
definition of characteristics
economics g of the
Islamic of Islamic
and its methodology
Economics Economics
objectives as of Islamic
a discipline economics
, DEFINITION OF ISLAMIC ECONOMICS
Modern Muslim thinkers in
Social sceince that defining Islamic economics
studies aspects of have placed greater emphasis
production, consumption, on its philosophical dimension ,
distribution and namely attainment of equity
ISLAMIC and justice in economic
exchange of
ECONOMIC activities.
commodities
S
A study of choice Various Muslim thinkers
considering relative provide a comprehensive
scarcity rather than explanation on Islamic
absolute scarcity economics
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