Download e-book for iPad: Islamic Economics and Finance: An Epistemological Inquiry by Masudul Alam Choudhury

By Masudul Alam Choudhury

ISBN-10: 0857247212

ISBN-13: 9780857247216

This e-book is the learn of general-system formalism that embeds economics and finance with the diversely created world-system within which 'everything' learns via natural pairing. The decoding of the mammoth nexus of unifying dating in connection with wide awake oneness is the morality, ethics and finish objective of a superb society. This publication will deliver out the truth that certainly such multidimensional general-system belief, development, formalism and alertness and inference there from, are empirically workable, explainable. The booklet has empirical examples to deliver out those evidence on the subject of the logical formalism that arises from the phenomenological version of awake oneness in dating to economics and finance.

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Extra info for Islamic Economics and Finance: An Epistemological Inquiry

Sample text

They exist and emanate from the Signs of Allah and become the pedestal of progressively expanding designs of the unified world-systems res-extensa. The circular causation relations interrelating and regenerating diverse elements of the knowledge-induced world-system manifest unity of knowledge in the world-systems by way of continuous and pervasive complementarities everywhere. 25,26 The formalism of circular causation is of central importance in the socio-scientific study of unity of knowledge and its induced world-system.

In the Judaeo-Christian West, the influence of the divine lawgiver has been paramount. The laws of Nature are the dictates of a transcendent God. They enshrine faith in the existence of an underlying order to things. They sanction the investigation of Nature as a secular activity. They outlaw Nature gods and the potential conflicts of polygamous legislation in the Universe. These words point out the search for conscious oneness as the unique core of mankind’s ultimate aspiration in life, science, and experience.

The Islamic understanding of many of the concepts of political economy and world-system, and thereby of its embedding in Islamic economics and finance when premised on the episteme of conscious oneness, reveals sharp differences with the mainstream ideas that have penetrated Islamic economics and finance today. The differences are deep and irreparable because of the contrasting epistemological nature of this divide. The precept of oneness, which is foundational in the study of the Islamic methodology and worldview in ‘‘everything,’’ is uncompromising because of its methodological uniqueness and universality.

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Islamic Economics and Finance: An Epistemological Inquiry by Masudul Alam Choudhury


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