Obstacles of Research in Islamic Economics

Abstract

This paper concentrates on six obstacles that hinder the advancement of research in Islamic Economics (IE). These are: the absence of historical studies, the lack of empirical studies, the insufficient institutional support, the non-adherence to ethical norms of research and publication, the weakness in vision. Failure to distinguish between the divine and the human in the Islamic heritage The paper discusses in details these obstacles and proposes an action agenda for the remedy. In what follows we discuss each one of these, with the existing Islamic economics literature in mind. We then suggest possible ways of removing these obstacles to further progress in Islamic economics research.