METHODOLOGY OF ISLAMIC ECONOMIC STUDIES WITH SPECIAL EMPHASIS ON QUR’ANIC STUDIES

Abstract

The methodology of Islamic economy is among the important areas
of Islamic economic studies. The attention it gets from scholars
today is much more than what it used to do in the past. Though it
has certain backgrounds, it is a new study in this area. To deal with
methodology without paying attention to some of the foundations
Islamic economic studies is a futile attempt devoid of any depth
and precision. Giving attention to principles such as ‘the need for
compatibility between methodologies, objectives and principles of
Islamic economy’, ‘the need for compatibility between legitimate goal
and legitimate methodology’, ‘multi-methodological characteristic of
Islamic economic’, ‘the stable and the variable in Islamic economy’,
‘guidelines and commandments (in Islamic economy)’, ‘the impact
of time and place on (Islamic) economy’, ‘the impact of religion on
Islamic economy’, ‘the role of intellect in deducing economic laws’
and ‘the presence of local and universal elements’, will further enrich
methodological studies. Given these principles we can list the main
methodologies of Islamic economy with special emphasis on Qur’anic
economy as under: induction, extra-thematic interpretation, making
use of descriptive statements of Islamic economy, endorsement,
discovery, systematic, and establishment.