Ideal Islamic Economy

An Introduction

  • Abbas Mirakhor
  • Hossein Askari
Book

Part of the Political Economy of Islam book series (PEoI)

Table of contents

  1. Front Matter
    Pages i-xxi
  2. Abbas Mirakhor, Hossein Askari
    Pages 1-31
  3. Abbas Mirakhor, Hossein Askari
    Pages 33-92
  4. Abbas Mirakhor, Hossein Askari
    Pages 93-117
  5. Abbas Mirakhor, Hossein Askari
    Pages 119-137
  6. Abbas Mirakhor, Hossein Askari
    Pages 139-178
  7. Abbas Mirakhor, Hossein Askari
    Pages 179-210
  8. Abbas Mirakhor, Hossein Askari
    Pages 211-223
  9. Abbas Mirakhor, Hossein Askari
    Pages 225-232
  10. Abbas Mirakhor, Hossein Askari
    Pages 233-237
  11. Back Matter
    Pages 239-255

About this book

Introduction


This book provides an introduction to the vision of an economic system based completely on the Holy Qur’an—a system defined as a collection of institutions, representing rules of behavior, prescribed by Allah for humans, and the traditions of the Messenger. The authors argue that the main reason for the economic underperformance of Muslim countries and their economies has been non-compliance with the prescribed rules of behavior. Rule non-compliance has been chiefly due to the failure of Muslims to comprehend the Metaframework of the Qur’an and the Archetype Model of the Prophet Mohammad and interpret them in ways compatible with their own generation and time. Askari and Mirakhor believe these rules (institutions), properly adapted to prevailing conditions present what they consider as an ideal economic system.

Keywords

Islamic Rule Compliance Sharia-compliant Finance Muslim Economy Holy Qur’an Quran Koran Orientalism anti-Islamism Native Informant New Orientalism

Authors and affiliations

  • Abbas Mirakhor
    • 1
  • Hossein Askari
    • 2
  1. 1.INCEIFKuala LumpurMalaysia
  2. 2.George Washington UniversityWashington DCUSA

Bibliographic information

  • DOI https://doi.org/10.1057/978-1-137-53727-0
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2017
  • Publisher Name Palgrave Macmillan, New York
  • eBook Packages Political Science and International Studies
  • Print ISBN 978-1-137-54035-5
  • Online ISBN 978-1-137-53727-0
  • About this book