Reconstruction of Islamic Economic Theory: From Revelation to Methodology

Abstract

The study aims to rediscover the original source (Al Qur’an) of Islamic economic theory in context of the influence of mainstream theories on contemporary Islamic economics studies. This study reveals the original axiomatic foundations of the Islamic systemwith defined characteristics and features asthe source of Qur’anomic or economic theory.Moreover, amethodology is proposed to reconstructthe Islamic economic theory in four phas- esincluding; the classification of Al Quran verses pertinent to economic affairs, exegesis-based understanding of theories, chronology, andmicro-macro socio-economic context.The novelty ofthisstudy isthe combination ofthe science of exegesis and economics.The findings of thisstudy are expected to differentiate pure Islamic economics studiesfrom those influenced by secular economic thinking.

Keywords

• : islamic economic system
• islamic economic theory
• revealed knowledge
• economic methodology