69 million page views

Islamic Economic

Reader comment on item: Islamic Economics: What Does It Mean?

Submitted by Haytham Morrar (Jordan), Oct 22, 2009 at 07:11

"Now teaching at Duke University, Kuran finds that Islamic economics does not go back to Muhammad but is an "invented tradition" that emerged in the 1940s in India. The notion of an economics discipline "that is distinctly and self-consciously Islamic is very new." Even the most learned Muslims a century ago would have been dumbfounded by the term "Islamic economics."

I agree with most of what's been said except the above paragraph, since the dawn if Islam 1400+ years ago there existed laws to regulate trading which is based on Quran and Sunnah called Fiqh Al Muamalat which means "The Laws Of Commercial Transactions"

, Omar Ibn Al Khattab used to say that who does not know the Fiqh of Muamalat will run into Usury if he trades. So the new work of Economy was not used by instead Al Tejarah "Trading" and Al Muamalat "Commercial Transactions" or so.

Many thanks

Submitting....

Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments".

Comment on this item

Mark my comment as a response to Islamic Economic by Haytham Morrar

Email me if someone replies to my comment

Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments".

See recent outstanding comments.

Follow Daniel Pipes

Facebook   Twitter   RSS   Join Mailing List
eXTReMe Tracker

All materials by Daniel Pipes on this site: © 1968-2020 Daniel Pipes. daniel.pipes@gmail.com and @DanielPipes

Support Daniel Pipes' work with a tax-deductible donation to the Middle East Forum.Daniel J. Pipes

(The MEF is a publicly supported, nonprofit organization under section 501(c)3 of the Internal Revenue Code.

Contributions are tax deductible to the full extent allowed by law. Tax-ID 23-774-9796, approved Apr. 27, 1998.

For more information, view our IRS letter of determination.)