The future of Islamic economics

The author looks at Islamic economics as a system that stands as a possible solution to the economic challenges and difficulties of modernity. Neoclassical economics, it is argued, is flawed in some of its central postulates. These flaws lead to social ills. Islamic economics, alternatively, is more direct in how it deals with certain problems such as unemployment. Parameters set on the economy by the shari`a are discussed. The author concludes that Islamic economists ought to try to demonstrate, by examining a particular modern economy, that the difficulties plaguing it are due to un-Islamic practices.