
Contents
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Islamic Economics Islamic Economics
-
Islamic Economies Islamic Economies
-
Islamic Law Islamic Law
-
The Way Forward The Way Forward
-
Notes Notes
-
-
-
-
-
-
-
-
-
-
-
-
15 Economics and Religion or Economics versus Religion: The Concept of an Islamic Economics
Get access-
Published:February 2015
Cite
Abstract
This chapter examines the role of religion on economics by considering two contrasting stereotypes about Islamic economics: the first is that Islamic banking was immune to the recent economic collapse that affected the rest of the world so dramatically; the second is that Islam is so restrictive on what can be done with capital, property, and inheritance that it has prevented the economies of the Islamic world from flourishing. Alluding to the historical fact that the Prophet Muhammad was himself a trader, the chapter outlines the main criteria of an Islamic economy by focusing on its defining vocabulary. It also discusses a number of controversial issues in Islamic law concerning economics and argues that, despite the uniqueness of the Islamic institutions, Islamic trade and banking share significant common ground with non-Islamic institutions. Finally, it shows that the Qur'an, although it seems to contemplate firmly a free-market economy and clearly advocates a middle position between extremes, also envisions Islamic commerce as informed by appropriate measures to help less fortunate members of society.
Sign in
Personal account
- Sign in with email/username & password
- Get email alerts
- Save searches
- Purchase content
- Activate your purchase/trial code
- Add your ORCID iD
Purchase
Our books are available by subscription or purchase to libraries and institutions.
Purchasing informationMonth: | Total Views: |
---|---|
March 2023 | 3 |
August 2024 | 1 |
November 2024 | 9 |
December 2024 | 3 |
Get help with access
Institutional access
Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways:
IP based access
Typically, access is provided across an institutional network to a range of IP addresses. This authentication occurs automatically, and it is not possible to sign out of an IP authenticated account.
Sign in through your institution
Choose this option to get remote access when outside your institution. Shibboleth/Open Athens technology is used to provide single sign-on between your institution’s website and Oxford Academic.
If your institution is not listed or you cannot sign in to your institution’s website, please contact your librarian or administrator.
Sign in with a library card
Enter your library card number to sign in. If you cannot sign in, please contact your librarian.
Society Members
Society member access to a journal is achieved in one of the following ways:
Sign in through society site
Many societies offer single sign-on between the society website and Oxford Academic. If you see ‘Sign in through society site’ in the sign in pane within a journal:
If you do not have a society account or have forgotten your username or password, please contact your society.
Sign in using a personal account
Some societies use Oxford Academic personal accounts to provide access to their members. See below.
Personal account
A personal account can be used to get email alerts, save searches, purchase content, and activate subscriptions.
Some societies use Oxford Academic personal accounts to provide access to their members.
Viewing your signed in accounts
Click the account icon in the top right to:
Signed in but can't access content
Oxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian.
Institutional account management
For librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more.