A Qur'anic Model for a Universal Economic Theory
A Qur'anic Model for a Universal Economic Theory
A Qur'anic Model for a Universal Economic Theory
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38 Mohammad E. Biraima<br />
The <strong>Qur'anic</strong> <strong>Model</strong> as depicted in this chart has profound implications <strong>for</strong> the<br />
methodology and theory of the discipline of Islamic economics. These implications will<br />
be examined in a series of <strong>for</strong>thcoming research papers. The bottom of the chart<br />
highlights some of these issues, e.g., the iman function as the center of the Islamic<br />
theory of rationality, the ideal 'types' in the Weberian sense as a methodological<br />
apparatus, and con<strong>for</strong>mity by all Muslims to the behavioral tenets of the normative iman<br />
'action set', as the objective of socio-economic policy.
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