ISSN: 2226-3624
Open access
This paper aimed to explore the Islamic response and practical articulation to key economic concepts such as scarcity, wealth, poverty, and rationality using the divine revelation of Hadith of the Prophet Muhammad as a theoretical dimension of religion and piety. Furthermore, the concept of profit was redefined from the theoretical and practical perspective to "reconsider what is truly beneficial, what has real value and is worthy of our sacrifice”. Certain concepts and comparative analysis were critically examined by referring to classical economic thoughts as well as neoclassical and Islamic theories. Moreover, the contributions of each author were evaluated from general perspective of economics to understand the intellectual history of thought flows developed outside Western culture. The process of Islamic assessment and old value reassessment in relation to new social and economic realities.
Ahmad, K. (1989). Problems of research in Islamic economics. Readings in the Concept and Methodology of Islamic Economics, 141-154.
Al-Faruqi, I. R. (1987). Islamization of knowledge: General principles and work plan. International Institute of Islamic Thought.
Askari, H., Iqbal, Z., & Mirakhor, A. (2014). Introduction to Islamic economics: Theory and application. John Wiley & Sons.
Bondi, M., & Scott, M. (Eds.). (2010). Keyness in texts (Vol. 41). John Benjamins Publishing.
Essid, M. Y. (1987). Islamic economic thought. In Pre-Classical Economic Thought (pp. 77-102). Springer, Dordrecht.
Ibn Khaldun (n.d.), Muqaddimah, Beirut, Dar al-Fikr.
Islahi, A. A. (2014). History of Islamic Economic Thought: Contributions of Muslim Scholars to Economic Thought and Analysis. Edward Elgar Publishing.
Hollander, S. (1997). The Economics of Thomas Robert Malthus (Vol. 4). University of Toronto Press.
Kahf, M. (1989). Islamic Economics and Its Methodology. Readings in the Concept and Methodology of Islamic Economics. Selangor Darul Ehsan: Pelanduk Publications.
Kahf,M.1999.Islamic Banksat the Threshold of the Third Millennium,Thunder bird International Business Review 41(4/5):445-460.
Khan, M. S., & Mirakhor, A. Theoretical Studies in Islamic Banking and Finance. (1987). Islamic Publications International.
Khan, M. A. (1989). Economic Teachings of Prophet Muhammad. International Institute of Islamic Economics and Institute of Policy Studies.
Khan, M. A. (1999). Islamic economics: the state of the art. American Journal of Islamic Social Sciences, 16(2), 89-104.
Khan, M. A. (1987). Methodology of Islamic economics. International Journal of Economics, Management and Accounting, 1(1).
Mannan M.A. (1984). Islamic Economics; Theory and Practice, Houder and Stoughton.
Mannan, M. A. (1986). Islamic economics: foundations of Islamic economics: theory and practice. Hodder and Stoughton.
Nagaoka, S. (2012). Critical overview of the history of Islamic economics: Formation, transformation, and new horizons. Asian and African Area Studies, 11(2), 114-136.
Pryor, F. L. (1985). The Islamic economic system. Journal of Comparative Economics, 9(2), 197-223.
Siddiqi, M. N. (1989). Islamizing economics. International Institute of Islamic Thought.
Siddiqi, M. N. (1992). Reading in Microeconomics an Islamic Perspective. Longman Malaysia
Al - Junaid, S. A. H., Reading in Microeconomics an Islamic Perspective. (1992). Longman Malaysia.
Agil, S. O. S., Reading in Microeconomics an Islamic Perspective. (1992). Longman Malaysia.
In-Text Citation: (Basyah et al., 2022)
To Cite this Article: Basyah, N. A., Fahmi, I., Jalil, Z. A., Rusli, Z., Idris, A., & Marisa, D. (2022). A Review of the Conceptual and Comparative History of Islamic Economic Theories. International Journal of Academic Research in Economics and Management and Sciences, 11(4), 187–193.
Copyright: © 2022 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode