Islamic Finance in Sorbonne

Merbouh, Kader; Pradier, Pierre-Charles

doi:10.1057/9781137263698_19

Cited by 1 publication

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“…This school is also not heavily involved in research projects. Merbouh and Pradier (2012) from the program of Islamic Finance and Economics, Sorbonne University, narrated that there should also be more emphasis on the legal issues of the Islamic system. Ali (2012) from Islamic Finance at Harvard University said that the main issue is lacking the dialogue in between the Islamic and non-Islamic world.…”

Section: Tawhidi Methodologymentioning

confidence: 99%

Learning and teaching of Islamic economics: conventional approach or Tawhidi methodology

Azid

Kayani

Rawashdeh³

et al. 2021

IJOES

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Purpose This paper aims to discuss the methodology of mainstream Islamic economics and also gives an alternative approach which is yet not very much taught in the different academic institutions, i.e. Tawhidi methodology. From the curriculum of the different academic institutions and also from the literature, it is observed that mainstream Islamic economics is the imitation of the conventional economics and mainly neoclassical economics. Maqasid-i-Shari’ah is not matching with the Tawhidi one. Design/methodology/approach It is based on the self-observations of the authors where they taught during their academic career. Findings This study found that the mainstream Islamic economics could not be able to solve the local and global issues because it is the replica of the conventional economics only there are some injunctions of Shari’ah. Research limitations/implications This study gives the guideline to the student of Islamic economics that how they will be able to understand the methodology of Islamic economics and finance. Practical implications It provides the guidance to the academicians and policymakers, especially those belonging to the Muslim countries. Social implications It also provides the glimpses to the social scientist about the solutions of the social and economic issues at the local and global levels. Originality/value It is an original effort.

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Section: Tawhidi Methodologymentioning

confidence: 99%