Purpose The purpose of this paper is to lay down the methodological structure of the epistemology of tawhid (Oneness of Allah). In this paper, the meaning of tawhid also refers to the monotheistic unity of knowledge (consilience) in the cast of its organic pairing by circular causation relations...

Purpose: The purpose of this paper is to lay down the methodological structure of the epistemology of tawhid (Oneness of Allah). In this paper, the meaning of tawhid also refers to the monotheistic unity of knowledge (consilience) in the cast of its organic pairing by circular causation...

What can bring about and sustain the life of microenterprise and microcredit for poverty alleviation? The answer is given in this paper by way of the epistemology of organic unity of markets, finance and society premised on the essential outlook of how the Islamic worldview prevails in this...

The arguments of this paper arise from the economic and methodological premises on behavior, markets and institutional structure that together influence asset-valuation. All these are bonded together to explain how methodology defines the domain of financial engineering in mainstream and Islamic...

The topic of Islamic worldview versus neo-liberalism is discussed. The epistemology of unity of divine knowledge called Tawhid in the Qur'an as the basis of the Islamic future is contrasted with that of self-interest and individual sovereignty in liberalism. The methodology underlying the...

This paper while being a study of its own subject matter is also a response to Professor Ali Khan's discussion paper entitled, “Globalization of Financial Markets and Islamic Financial Institutions” that appeared in Islamic Economic Studies, Vol.8, No.1 (2000:19-67). The topic of financial...

The author reviews earlier attempts at formulating a humanistic political economy. Then a principle of Ethical Endogeneity is established which shows that society maximizes its social welfare through consensus among decision-makers with the choice of goals and policy variables. In the Islamic...

In conclusion to this review of Biraima's paper, it is to be noted that Biraima has indeed taken a correct direction of invoking the Qur'an directly for proposing an MPC model, This is of course, how the quest for the future evolution of Islamic scientific worldview must be launched-and...

What is the Paradigm claimed by the author? The model of treating homelessness and hunger arises from a typical adoption of the utility function. The utilitarian approach a la neoclassical utility analysis and lexicographic method is the same. The author raises this exception but never frees his...

This is a very brief rejoinder to the above critique of my critique of financial engineering in Islamic epistemological perspective. The purpose of this rejoinder is to point out saliently some of the misgivings on the part of the commentator in his comment. The purpose is not to be elaborate on...