Islamic Economy: Economic or Political Approach?

Abstract

Several Muslim economists have tried the development of a so-called Islamic economy. Its emergence has been the subject of several criticisms since it is regarded as a resistance and renouncement of Islam against the influence of the West. Assuming that it is hardly a discipline in its own right in which scientific analysis is paramount, but an instrument of pronging and endorsing Muslim thought. This special status, in general with the scientific vision of the economy, explains the many national debates within the discipline itself. The objective of this work is to make a flashback to the conditions of birth and development of the concept of Islamic economy, to deal with its political dimensions before questioning the religious legitimacy of its Islamic financing.