ISLAMIC ECONOMICS AND FINANCE, THEN AND NOW: A FIQHĪ-CONOMIC PERSPECTIVE ON ITS DOCTRINES AND DEBATES*
@article{ElSheikh2011ISLAMICEA, title={ISLAMIC ECONOMICS AND FINANCE, THEN AND NOW: A FIQHĪ-CONOMIC PERSPECTIVE ON ITS DOCTRINES AND DEBATES*}, author={S. El-Sheikh}, journal={International Journal of Economics, Management and Accounting}, year={2011}, volume={19} }
Each economy functions within a particular social framework, defined by its moral philosophy and legal system. What makes an economy Islamic is Shari'ah, the moral/legal discourses of the classical fuqaha, which defined the economy of classical Islam, shaped its micro and macro institutions, and modulated its actual performance. This economy, which was virtually effaced during the age of European colonialism, has become, in the post-colonial era, both a symbol and basis for revivalist… Expand
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