While much attention has been given to the abolition of interest in Islamic economics, there has been little attention given to the ethical framework on which it is based. Syed Nawab Haider Naqvi in Islam, Economics and Society (1994), presents an axiomatic approach to generating an Islamic economic theory from the ground up. Chapter one considers Naqvi's argument for a distinct Islamic economic system. Chapter two examines Naqvi's theoretical framework and the Islamic economic system which he derives from it. The chapter compares Naqvi's approach with that of M. Umer Chapra, who also adopts an ethical framework for the foundation of an Islamic economic theory. Chapter three examines the debate surrounding the definition of riba and the importance of riba in Islamic economics. This study concludes with a recommendation for a more systematic approach in interpreting the Qur'an, which is the source of Naqvi's economic axioms.
| Identifer | oai:union.ndltd.org:LACETR/oai:collectionscanada.gc.ca:QMM.30188 |
| Date | January 1999 |
| Creators | Mapara, Shahina H. |
| Contributors | Turgay, U. (advisor) |
| Publisher | McGill University |
| Source Sets | Library and Archives Canada ETDs Repository / Centre d'archives des thèses électroniques de Bibliothèque et Archives Canada |
| Language | English |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Format | application/pdf |
| Coverage | Master of Arts (Institute of Islamic Studies.) |
| Rights | All items in eScholarship@McGill are protected by copyright with all rights reserved unless otherwise indicated. |
| Relation | alephsysno: 001746263, proquestno: MQ64170, Theses scanned by UMI/ProQuest. |
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