Methodology of integrated knowledge in Islamic economics and finance: collective ijtihad
Purpose – The purpose of this paper is to discuss the methodology of integrated knowledge in Islamic economics and finance and seek to offer collective ijtih�ad as one way to find solutions to the existing problems in the field. Design/methodology/approach – The study is based on the idea of multi...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English English |
| Published: |
Emerald
2020
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/81105/1/Methodology%20Article_ISRA2020.pdf http://irep.iium.edu.my/81105/7/81105_Methodology%20of%20integrated%20knowledge%20in%20Islamic%20economics%20and%20finance_SCOPUS.pdf http://irep.iium.edu.my/81105/ https://www.emerald.com/insight/publication/issn/2289-4365/vol/12/iss/1 |
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| Summary: | Purpose – The purpose of this paper is to discuss the methodology of integrated knowledge in Islamic economics
and finance and seek to offer collective ijtih�ad as one way to find solutions to the existing problems in the field.
Design/methodology/approach – The study is based on the idea of multidisciplinarity or
interdisciplinarity, which uses not only traditional sources of Islam and economics, such as u�
sūl al-fiqh, fiqh
mu’amalat, econometrics, statistics, microeconomics and macroeconomics but also looks into behavioural and
natural sciences for inspiration and solutions. This paper is constructed using the methodology of “the two
readings”, as promoted by the International Institute of Islamic Thought, and which combines the revealed
and the existential sciences.
Findings – This paper proposes the collaborative multidisciplinary methodology as the main approach to
studying the modern problems and challenges, as well as for finding solutions in the fields of Islamic
economics and finance.
Practical implications – Studying and researching issues, particularly in the field of Islamic economics
and finance, from an interdisciplinary perspective, effectively broadens practical applications and possibilities
in Islamic finance.
Originality/value – This paper contributes to social sciences, especially the field of Islamic finance, and
calls upon researchers to engage in multidisciplinary studies. |
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