Islamization of Knowledge in Economics: Issues and Agenda

The paper discussed the important issues such as the worldview difference between secular world and Islamic world, revelation-reason relationship, and the question of methodology. There is fundamental difference that western world separates the mundane from spiritual while Islamic world keeps two unified. Islam does encourage the use of intellect for analysing and drawing inferences to discover the truth but within the confines of sharia. Unlike western economists who invariably try to rationalise and fortify the theories Islamic economic doctrine are already contained in revelation.