Islamic Economics in a Complex World: Explorations in Agent-based Simulation

We introduce for Islamic economics a framework and a research tool. The framework is complexity theory, and the tool is agent-based simulation. This surveys this rapidly growing field, and how this alternative framework relates to the Neoclassical paradigm. The alternative framework and research technique might be more suitable to Islamic economics than their conventional counterparts. In addition to many examples frequently cited in the literature, there is an application to Islamic economics that shows how riba, markup finance, and charity affect economic performance. _x000D_