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Document Details
Document Type
:
Article In Journal
Document Title
:
A Quranic Model for a Universal Economic Theory
نموذج قرآني لنظرية اقتصادية عالمية
Subject
:
Articles
Document Language
:
English
Abstract
:
This paper outlines a universal Qur’anic economic theory that integrates orthodox economics based on utility maximization as the guiding principle of rational choice, and a new economics based on the maximization of iman as the guiding principle of choice for a rational Muslim. Both principles are shown to be Qur’anic principles that lie at the heart of the Master Plan of Creation (MPC) which depicts God’s purpose behind the creation of man and the universe that surrounds him, as well as the basic elements involved in realizing this divine purpose. It is through the unfolding of this divine MPC that the fundamental role of economics in the design of God for man becomes apparent. This universal Qur’anic paradigm is distinguished by its explanatory power, the decisive role it assigns to the moral individual as the kernel of the Islamic economy, its emphasis on man’s salvation, and its far reaching implications for Islamic economics with respect to its theoretical principles, methodology, institutions and policy.
ISSN
:
1018-7383
Journal Name
:
Islamic Economics Journal
Volume
:
3
Issue Number
:
1
Publishing Year
:
1411 AH
1991 AD
Number Of Pages
:
38
Article Type
:
Article
Added Date
:
Sunday, October 11, 2009
Researchers
Researcher Name (Arabic)
Researcher Name (English)
Researcher Type
Dr Grade
Email
محمد بريمة
MOHAMMAD E. BIRAIMA
Researcher
Files
File Name
Type
Description
20997.pdf
pdf
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