Most of the literature published under the nomenclature of ‘Islamic economics' deals with Islamic guidelines that address Muslims only. However, there is a vast area of economic subjects dealt in the Qur'an and (also hadith of the Prophet) that addresses the entire humanity in the form of...

The paper explores relationship of ethical behavior with material well-being (MWB) and happiness from Islamic perspective. The Qur'an discusses MWB under a broad concept of ‘rizq' and asserts that God distributes rizq among people. For understanding this general assertion, we speculate that...

Islamic economics is not a social science yet. It is a work in progress. Islamic economists differ on methodology for developing Islamic economic thought into a social science. They face several dilemmas surrounding religion, Islamic law, conventional economics, contents of Islamic economics,...

Islamic economics is not a social science yet. It is a work in progress. Islamic economists differ on methodology for developing Islamic economic thought into a social science. They face several dilemmas surrounding religion, Islamic law, conventional economics, contents of Islamic economics,...

The existing literature on Islamic economics has not undergone any of the processes of verification or falsification. It is mostly restatement of the postulates as found in the Qur'an or hadith. The literature on methodology of Islamic economics is either superfluous, or ambiguous or confusing....