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2 results

The Making of Islamic Economic Thought
  • Islamization, Law, and Moral Discourses
  • Sami Al-Daghistani
  • Published online:
    01 November 2021
    Print publication:
    06 January 2022
  • Interrogating the development and conceptual framework of economic thought in the Islamic tradition pertaining to ethical, philosophical, and theological ideas, this book provides a critique of modern Islamic economics as a hybrid economic system. From the outset, Sami Al-Daghistani is concerned with the polyvalent methodology of studying the phenomenon of Islamic economic thought as a human science in that it nurtures a complex plentitude of meanings and interpretations associated with the moral self. By studying legal scholars, theologians, and Sufis in the classical period, Al-Daghistani looks at economic thought in the context of Sharī'a's moral law. Alongside critiquing modern developments of Islamic economics, he puts forward an idea for a plural epistemology of Islam's moral economy, which advocates for a multifaceted hermeneutical reading of the subject in light of a moral law, embedded in a particular cosmology of human relationality, metaphysical intelligibility, and economic subjectivity.

  • 9 - The Problem of Poverty in Islamic Ethics

  • Edited by William A. Galston, Brookings Institution, Washington DC, Peter H. Hoffenberg, University of Hawaii, Manoa
  • Book:
    Poverty and Morality
    Published online:
    05 June 2012
    Print publication:
    20 September 2010, pp 180-203

  • Summary

    The problem of poverty occupies a central place in Islamic ethics. This chapter offers a survey of how Muslim thinkers over the centuries have grappled with the problem of poverty. The "problem" may be divided into three ethical concerns: why poverty; who are the poor; and what are the best means to alleviate poverty. Building upon moral-legal injunctions and admonitions in the Qurʾan and sunna of the Prophet and the first four "rightly guided" caliphs, legists dealt at length with these issues in the jurisprudential (fiqh) literature. This literature demonstrates that the four principal schools of Sunni jurisprudence and the dominant school of Shi'i jurisprudence agreed broadly on the general ethical approach to identifying the poor and to dealing with poverty, including the assignment of responsibilities to society and state. Zakat is arguably the primary instrument in Islamic ethics for poverty alleviation and distributive justice.