Definition of Islamic Economics
2 Pages Posted: 22 Feb 2018
Date Written: 1984
One way of defining Islamic economics is to qualify the term modern economics with Islam, viz. Islamic economics is 'the study of economics in the light of Islamic principles', or 'bringing economics in consonance with the Shari'ah'. But this would imply that the definition of the science of economics has a universal acceptability which it does not.
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