Economics of Assignment
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Added on 2020-03-16
Economics of Assignment
Added on 2020-03-16
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1Economics AssignmentCollege:Course:Date:
2Economics AssignmentThe study of Islamic economic is supposed to show the manifestation of the teachings ofIslamic in the logical as well as understanding of the Muslim economic life. Islamic as a religionhas a lot of room for developing, however, the direction to which it has been shaped brings amajor concern from Islamic scholars. The question that remains with debate regards whether itshould be shaped as a ‘political economy’ or studied in the discipline of economics, which isenvisaged by neo-classical economics. According to Chapra, the coming of Islamic study resulted from the endeavors ofMuslims fight against the forces of imperialism as well as colonialism.1 Chapra continues toargue that the emergence of Islamic economic field, which depicts the beliefs of Islam, is anexpression of a separate Islamic system that includes the foundation of Islamic countries.2 Kuranargues that discrete identity is a major force behind the emergence of the separate Islamiceconomic system.3 During the 1970s, the oil-income surplus within the Arabic nationsdemonstrated another platform of Islamization of knowledge of abundant wealth managementboth economically and financially. This formed a stage for Muslim intellectuals coming out toform the basic thought that later led to the positive discussion of Islamic economy.1M, Chapra. The Future of Economics: An Islamic Perspective, Leicestershire: Islamic Foundation press, 2000.2M, Chapra. The Future of Economics: An Islamic Perspective, Leicestershire: Islamic Foundation press, 2000.3T, Kuran. Islam and Mammon: The Economic Predicaments of Islamism. Princeton: Princeton University Press, 2000.
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