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Economics and the Knowledge Crisis

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Beyond Profit

Part of the book series: Contributions to Economics ((CE))

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Abstract

This chapter offers a path forward for resolving the crisis in Islamic economics. It advocates for rejecting the uncritical acceptance of conventional economic ideas and, instead, developing a genuine Islamic economic theory firmly grounded in Islamic principles and values. By embracing this approach, Islamic economics can provide a distinct and valuable contribution to the field of economics, offering practical solutions that align with the aspirations of Muslim societies. This chapter serves as a beacon of hope for the future of Islamic economics.

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Notes

  1. 1.

    The concepts of Awqaf and historical Islamic practices are well documented in various Islamic literature, including religious texts and historical accounts. However, specific citations for this section are not provided in the original response.

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Authors and Affiliations

  1. Coventry University, Coventry, UK

    Samir Alamad

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  1. Samir Alamad
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Alamad, S. (2024). Economics and the Knowledge Crisis. In: Beyond Profit. Contributions to Economics. Springer, Cham. https://doi.org/10.1007/978-3-031-49748-3_10

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