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Islamic Economics and the Relevance of Al-Qawā'id Al-Fiqhiyyah

Bibliographic Data

ID3395016
AuthorsDaud A Mustafa, Daud Mustafa (Maitama Sule University Kano), Hashir A Abdulsalam (University of Ilorin), Jibrail Bin Yusuf (0000-0002-1150-6037, University of Cape Coast, corresponding author), Jibrail B Yusuf
Year2016
Volume6
Issue4
Pages6/4/2158244016671374
Publication date2016-10-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueSAGE Open (JOURNAL)
Journal identifiersISSN: 2158-2440 • E-ISSN: 2158-2440
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/2158244016671374
OpenAlexW2538168602
LanguageEN
Citations received4
References cited29

Islamic economics, as part of the Islamic body of knowledge, has emerged as a new social science discipline that has gained currency and recognition in various institutions of higher learning in the contemporary Muslim world. Different sources of Islamic knowledge have significantly contributed to shape its evolution and development. The Islamic legal maxims, however, do not seem to have received much attention in terms of their contextualization in the present economic thinking. Using the content analysis approach, this article examines the relevance of qawā'id al-fiqhiyyah, placing emphasis on the five normative maxims and some of their variants, to the understanding of Islamic economics. The aim is to assess their relevance to Islamic economic life and their contextualization within time and space. It was found that qawā'id al-fiqhiyyah significantly contributes to the understanding of Islamic economics as a discipline in the Islamic tertiary educational pursuits. They help to understand certain economic theories from the Islamic ethical perspective. Therefore, it is concluded that if Muslim social scientists, especially, Muslim economists, embrace and pursue this branch of fiqh with an utmost concern and commitment, it would facilitate a better appreciation of economic theories from the Islamic perspective

Contextualization · Currency · Economics · Epistemology · Fiqh · Islam · Islamic economics · Islamic studies · Normative · Political science · Positive economics · Sharia · Social science · Sociology · Economic, financial, and policy analysis · Education and Islamic Studies · Islamic Finance and Banking Studies · Law · Philosophy

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Unique citing works4
Citations per year0,4
Citation span2016 - 2023 (8)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 1

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