The Making of Islamic Economic Thought
Islamization, Law, and Moral Discourses

A historical analysis of economic thought in Islamic tradition which interrogates contemporary Islamic economics as a hybrid system.

Sami Al-Daghistani (Author)

9781108845755, Cambridge University Press

Hardback, published 6 January 2022

324 pages
23.5 x 15.7 x 2 cm, 0.62 kg

'This book offers an authoritative analysis of the intellectual history of Islamic economic thought. Al-Daghistani draws on a wide range of historical and contemporary sources to provide a balanced and accessible synthesis of the diverse threads of Muslim intellectual discourses on moral economy. His treatment of the classic scholarly texts is both rigorous and deep. It is a major contribution to the field, and a must-read for all those interested in the evolution of scholarly debates on economy, politics, and law in Muslim societies' Adeel Malik, Globe Fellow in Economies of Muslim Societies and Associate Professor of Development Economics, University of Oxford

Interrogating the development and conceptual framework of economic thought in the Islamic tradition pertaining to ethical, philosophical, and theological ideas, this book provides a critique of modern Islamic economics as a hybrid economic system. From the outset, Sami Al-Daghistani is concerned with the polyvalent methodology of studying the phenomenon of Islamic economic thought as a human science in that it nurtures a complex plentitude of meanings and interpretations associated with the moral self. By studying legal scholars, theologians, and Sufis in the classical period, Al-Daghistani looks at economic thought in the context of Shar?'a's moral law. Alongside critiquing modern developments of Islamic economics, he puts forward an idea for a plural epistemology of Islam's moral economy, which advocates for a multifaceted hermeneutical reading of the subject in light of a moral law, embedded in a particular cosmology of human relationality, metaphysical intelligibility, and economic subjectivity.

Introduction
1. The Force of Revivalism and Islamization – Their Impact on Knowledge, Politics, and Islamic Economics
2. The Present – Muslim Economists and the Constellation of Islamic Economics
3. The Past Perfect – Shar?'a and the Intellectual History of Islamic Economic Teachings
4. The Appraisal – Contemporary Islamic Economics and the Entrenchment of Modernity
5. Futures – Pluralistic Epistemology of Islam's Moral Economics
Conclusion – Moral over Legal, Pluralistic over Monolithic.

Subject Areas: History of other lands [HBJQ], Middle Eastern history [HBJF1], Asian history [HBJF], Regional & national history [HBJ], History [HB], Humanities [H]