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: Ildus, Rafikov, Akhmetova, Elmira
Format: Article
Language:English
English
Published: Emerald 2020
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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spelling my.iium.irep.811052020-12-03T01:58:55Z http://irep.iium.edu.my/81105/ Methodology of integrated knowledge in Islamic economics and finance: collective ijtihad Ildus, Rafikov Akhmetova, Elmira BJ1188 Religious ethics BP170.8 Universality of Islam BP173.75 Islam and economics BP190.5 Islamization of Knowledge BPH589.2 Riba - Interest KBP425 Uṣūl al-fiqh. Jurisprudence and theory of law. Science of legal reasoning. KBP470 Law reform. Criticism. Tanzim 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. Emerald 2020-06-26 Article PeerReviewed application/pdf en http://irep.iium.edu.my/81105/1/Methodology%20Article_ISRA2020.pdf application/pdf en http://irep.iium.edu.my/81105/7/81105_Methodology%20of%20integrated%20knowledge%20in%20Islamic%20economics%20and%20finance_SCOPUS.pdf Ildus, Rafikov and Akhmetova, Elmira (2020) Methodology of integrated knowledge in Islamic economics and finance: collective ijtihad. ISRA International Journal of Islamic Finance, 12 (1). pp. 115-129. ISSN 2289-4365 https://www.emerald.com/insight/publication/issn/2289-4365/vol/12/iss/1
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
English
topic BJ1188 Religious ethics
BP170.8 Universality of Islam
BP173.75 Islam and economics
BP190.5 Islamization of Knowledge
BPH589.2 Riba - Interest
KBP425 Uṣūl al-fiqh. Jurisprudence and theory of law. Science of legal reasoning.
KBP470 Law reform. Criticism. Tanzim
spellingShingle BJ1188 Religious ethics
BP170.8 Universality of Islam
BP173.75 Islam and economics
BP190.5 Islamization of Knowledge
BPH589.2 Riba - Interest
KBP425 Uṣūl al-fiqh. Jurisprudence and theory of law. Science of legal reasoning.
KBP470 Law reform. Criticism. Tanzim
Ildus, Rafikov
Akhmetova, Elmira
Methodology of integrated knowledge in Islamic economics and finance: collective ijtihad
description 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.
format Article
author Ildus, Rafikov
Akhmetova, Elmira
author_facet Ildus, Rafikov
Akhmetova, Elmira
author_sort Ildus, Rafikov
title Methodology of integrated knowledge in Islamic economics and finance: collective ijtihad
title_short Methodology of integrated knowledge in Islamic economics and finance: collective ijtihad
title_full Methodology of integrated knowledge in Islamic economics and finance: collective ijtihad
title_fullStr Methodology of integrated knowledge in Islamic economics and finance: collective ijtihad
title_full_unstemmed Methodology of integrated knowledge in Islamic economics and finance: collective ijtihad
title_sort methodology of integrated knowledge in islamic economics and finance: collective ijtihad
publisher Emerald
publishDate 2020
url 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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score 13.211869