Document Details

Document Type : Article In Journal 
Document Title :
A Quranic Model for a Universal Economic Theory
نموذج قرآني لنظرية اقتصادية عالمية
 
Subject : Articles  
Document Language : English 
Abstract : This paper outlines a universal Qur’anic economic theory that integrates orthodox economics based on utility maximization as the guiding principle of rational choice, and a new economics based on the maximization of iman as the guiding principle of choice for a rational Muslim. Both principles are shown to be Qur’anic principles that lie at the heart of the Master Plan of Creation (MPC) which depicts God’s purpose behind the creation of man and the universe that surrounds him, as well as the basic elements involved in realizing this divine purpose. It is through the unfolding of this divine MPC that the fundamental role of economics in the design of God for man becomes apparent. This universal Qur’anic paradigm is distinguished by its explanatory power, the decisive role it assigns to the moral individual as the kernel of the Islamic economy, its emphasis on man’s salvation, and its far reaching implications for Islamic economics with respect to its theoretical principles, methodology, institutions and policy. 
ISSN : 1018-7383 
Journal Name : Islamic Economics Journal 
Volume : 3 
Issue Number : 1 
Publishing Year : 1411 AH
1991 AD 
Number Of Pages : 38 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
محمد بريمة MOHAMMAD E. BIRAIMAResearcher  

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