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RE-THINKING THE ISLAMIC ECONOMICS in the 21st CENTURY
[ IN THEORY AND PRACTICE ]
 
  I. Theoretical and Institutional Foundations of Islamic Economics (IE)
 
   
    1. Methodology of Islamic Economics            
      a. Classical and modern sources of Islamic economics        
      b. Rationality and institutional innovation in the IE          
      c. Information asymmetry and decision-making in the IE        
    2. Ethics in Islamic Economics            
      a. Ethics, the perception of value, and the institutional coherence in the IE    
      b. Ethics, property rights, and the equality of opportunity in the IE       
      c. Ethics and economic efficiency in the IE          
    3. Economic Policy in Islam              
      a. Monetary policy and full employment in the IE           
      b. Fiscal policy and the paradigm of economic development in the IE      
      c. Capital accumulation and the equal distribution of income in the IE      
    4. Search for a New Paradigm in Economics: An Islamic Perspective    
      a. Crisis and economic stability in the IE          
      b. International financial system and public regulation in the IE      
      c. What does Islamic economics propose to rid the world of the ongoing crisis?  
    5. Systemic Approach to Islamic Economics          
      a. The dynamics of inter-institutional complementarity in the IE      
      b. Intercomplementarity between economic growth and economic development in the IE  
      c. The paradigm of comparative advantages and the global equality of income in the IE  
 

II. Variety of Islamic Economic Practices: Taking Stock, Looking Ahead
 
 
    1. Islamic economic practices from the Golden Age to the Ottoman Empire    
      a. The Golden Age and theory-practice match in the IE        
      b. State-market relations in the early Islamic states        
      c. Monetary and fiscal policy practices in the early Islamic states      
    2. Islam and economics in the Ottoman Empire          
      a. A holistic approach to the Islamic economic institutions in the Empire    
      b. The production system and the Islamic financial instruments in the Empire    
      c. The causes of the crisis of revitalization in the Ottoman economy       
           from Islamic economics perspective          
    3. Islamic economic practices from the 19th century onwards      
      a. The phases of revitalization in Islamic economic thought and practice    
      b. Industrialization and the Islamic economic practices        
      c. Knowledge Economy, The Fourth Industrial Revolution and       
          the future of Islamic economic practices          
    4. Variety of Islamic economic practices           
      a. Islamic economic practices in evolutionary perspective         
      b. Contemporary examples of Islamic macro economic practices      
          (Economic policy, international finance, regional integration, etc.)      
      c. Contemporary examples of Islamic micro economic practices      
          (Interest-free banking, social self-help, Zakat, etc.)        
    5. Search for institutional innovation in Islamic economics      
      a. Institutional alternatives for consolidating theory-practice match in the IE    
      b. Eshâm and the search for micro-macro financial match in the IE      
      c. Potential institutional innovations to extend the scope of Islamic economics    
          in the international economic division of labor          

 

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