An Islamic Perspective on Governance (New Horizons in Money by Zafar Iqbal, Mervyn K. Lewis

By Zafar Iqbal, Mervyn K. Lewis

Zafar Iqbal and Mervyn okay. Lewis fill the space in Western literature on governance matters from the viewpoint of Islamic economics. Islamic and Western viewpoints are in comparison, and a scientific research of key components in governance from an Islamic point of view is equipped. the amount attracts on classical Islam and modern resources to supply a accomplished Islamic governance framework to distinction with the Western place.

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2 gives some brief details of leading Islamic scholars who have contributed to the development of Islamic doctrine, Islamic law and philosophy, including contributions to governance and public finance. Notable among the scholars are those who were instrumental in founding the four major Sunni schools of jurisprudence (Abu Hanifah, Malik, al-Shafi i and Hanbal). 1 SELECTED DATES IN ISLAMIC HISTORY UNTIL THE SECOND WORLD WAR (COMMON ERA DATES) Muhammad (pbuh) c. 570–632 Beginning of revelation (recitation) 610 Hijra (emigration to Madinah, ‘flight’) Year zero of Islamic calendar 622 Announcement of the Constitution of Madinah 623 Battle of Badr.

P. 57) These differences between the Islamic and the Western positions are understandable. Islam is a norm-based way of life seeking spiritual fulfilment in public as well as in private life whereas conventional economics has developed into a predominantly secular discipline insisting on maintaining a difference between the positive and normative. It can be argued, however, that these differences hide a degree of unity at the roots: issues of governance and public policy in the West are implicitly informed by 14 An Islamic perspective on governance social values that have religious (in particular, Christian) origins while the decision-making framework of the Islamic shari ah explicitly recognizes the role of reason in the contextual application of religious precepts.

The area remains largely unexplored. Finally, he identified another gap in the literature: There is hardly any worthwhile study indicating the extent of corruption in Muslim countries . . The economist may not be able to perform his task of analysis unless the relevant data are available and he feels free to say what he considers to be right, without fear of losing his job, being put in jail, or being penalized in other ways. (pp. 339–40) These issues, and the gaps in the literature they represent, essentially frame the content of this book.

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