Abstract
In the past four decades, a growing segment of the political movements in the Muslim countries of the Third World has turned to Islamic ideology as its guiding principle (Sivan 1985, Enayat 1982, Rodinson 19781). The Islamic popular movements strive to establish an Tslamic economic system’. The characteristics of this ideal economic system are elaborated by ‘Islamic economists’ in the vast and diverse literature known as ‘Islamic economics’.2 An Islamic economic system is regarded by its proponents as a just and humane social order, in accordance with the teachings of Islam. This social order is ‘neither capitalist nor communist, but it stands on its own and combines all the good features of a healthy and balanced society’ (Mannan, 1986, pp. 346–7). The definition of the Islamic economy as a system of social relations of production remains, however, far from clear. The most significant theoretical controversy among Islamic economists is about the limits of private property rights in a ‘true’ Islamic economy.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Abdul-Rauf, Muhammad, The Islamic Doctrine of Economics and Contemporary Economic Thought: Highlight of a Conference on Theological Inquiry into Capitalism and Socialism (Washington, D.C.: American Enterprise Institute, 1979).
Abdur Rauf [Abdul-Rauf], Muhammad, ‘Islam and Contemporary Economic System’, in Contemporary Aspects of Economic Thinking in Islam, Proceedings of the Third East Coast Regional Conference of the Muslim Students’ Association of the United States and Canada, April 1968 (Plainsfield, Indiana: American Trust, 1970) 1980, pp. 51–6.
Abu Sulayman, Abdul-Ilamid Ahmad, ‘The Theory of the Economics of Islam: The Economics of Tawhid and Brotherhood’, in Contemporary Aspects of Economic Thinking in Islam (1970) pp. 8–50.
Aghnides, Nicolas P., Mohammedan Theories of Finance with an Introduction to Mohammedan Law and a Bibliography (New York: AMS Press (1916) 1969).
Ahmad, Syed, ‘Reflections on the Concept and the Law of Riba’, in Outlines of Islamic Economics, Proceedings of the First Symposium on the Economics of Islam in North America (Indianapolis, Ind.: Association of Muslim Social Scientists, 1977) pp. 26–36.
Almeder, Robert, ‘The Ethics of Profit: Reflections on Corporate Responsibility’, Business and Society, 19 (2) Winter 1980, 7–14.
Bakhash, Shaul, The Reign of Ayatollahs: Iran and the Islamic Revolution (New York: Basic Books, 1984).
Bani Sadr, Abulhasan, Eqtesad-e Tawhidi (Economics of Divine Unity) (place and publisher not specified, 1978).
Behdad, Sohrab, ‘Islamic Economics: A Utopian-Scholastic-Neoclassical-Keynesian Synthesis!’ Research in the History of Economic Thought and Methodology, vol. 7, (1991).
Behdad, Sohrab, ‘The Political Economy of the Islamic Planning in Iran’, in H. Amirahmadi and M. Parvin (eds) Post-Revolutionary Iran (Boulder, Colorado: Westview Press, 1988a).
Behdad, Sohrab, ‘Foreign Exchange Gap, Structural Constraints and the Political Economy of Exchange Rate Determination in Iran’, International Journal of Middle East Studies, 20 (1), February 1988b.
Berryman, Phillip, Liberation Theology (Bloomington, Ind.: Meyer Stone and Company, n.d.).
Chapra, M. Umar, ‘The Islamic Welfare State and its Role in the Economy’, in Khurshid Ahmad (ed.), Studies in Islamic Economics (Leicester: The Islamic Foundation, for the International Centre for Research in Islamic Economics, King Abdul Aziz University, Jeddah, 1980) pp. 143–69.
Choudhury, Masudul Alam, Contributions to Islamic Economy Theory: A Study in Social Economics (New York: St. Martin’s Press, 1986).
Donohue, John J. and John L. Esposito (eds), Islam in Transition: Muslim Perspectives (New York: Oxford University Press, 1982).
Enayat, Hamid, Modern Islamic Political Thought (London: Macmillan, 1982).
Esposito, John L. (ed.), Islam in Asia: Religion, Politics, and Society (New York: Oxford University Press, 1987).
Faruqi, al-, Isma’il R. A., ‘Foreword’, to Contemporary Aspects of Economic Thinking in Islam (1980) pp. ix–xiii.
Gutierrez, Gustavo, The Power of the Poor in History, translated from La fuerza historica de los pobres (1979) (Maryknoll, NY: Orbis Books, 1983).
Hallaq, Wael B., ‘Was the Gate of Ijtihad Closed?’, International Journal of Middle East Studies, 16 (1), March 1984, pp. 3–41.
Hassanein, Medhat, ‘Towards a Model of the Economics of Islam’, in Contemporary Aspects of Economic Thinking in Islam (1980) pp. 1–7.
Hosseini, Hamid, ‘Notion of Private Property in Islamic Economics in Iran: A Review of Literature’, presented at a joint session of American Economic Association and Middle East Economic Association, Chicago, 27–30 December 1987.
Hunt, E. K., History of Economic Thought: A Critical Perspective (Belmont, CA: Wadsworth, 1979).
Ibn Taymiya, al-Shaykh al-Imam, Public Duties in Islam: The Institution of the Hisba (circa, 14th century), translated from the Arabic (Leicester: Islamic Foundation, 1982).
Kahf, Monzer, ‘A Contribution to the Study of the Economics of Islam’, University of Utah, 1973, mimeo.
Katouzian, Homa, ‘Shi’ism and Islamic Economics: Sadr and Bani Sadr’, in N. Keddie (ed.) Religion and Politics in Iran: Shi’ism from Quietism to Revolution (New Haven, Conn.: Yale University Press, 1983).
Koran, translated by Mohammad Mamaduke Pickthall (The Meaning of the Glorious Koran) (New York: Mentor Book, 1930).
Kuran, Timur, ‘The Economic System in Contemporary Islamic Thought: Interpretation and Assessment’, International Journal of Middle East Studies, 18 (2), May 1986, pp. 135–64.
Kuran, Timur, ‘Behavioral Norms in the Islamic Doctrine of Economics: A Critique’, Journal of Economic Behavior and Organization, 4 (4), December 1983, pp. 353–79,
Macdonald, Duncan B., Development of Muslim Theology, Jurisprudence and Constitutional Theory (London: Darf Publishers (1902) 1985).
MacPherson, C. B., ‘The Meaning of Property’, in C. B. MacPherson (ed.) Property: Mainstream and Critical Positions (Toronto: University of Toronto Press, 1978) pp. 1–13.
Mahdavy, H., ‘The Patterns and Problems of Economic Development in Rentier States: The Case of Iran’, in M. A. Cook (ed.), Studies in the Economic History of the Middle East: From the Rise of Islam to the Present Day (London, Oxford University Press, 1970).
Mannan, Muhammad Abdul, Islamic Economics: Theory and Practice (Foundations of Islamic Economics), revised edition (Sevenoaks, Kent, U.K.: Hodder and Stoughton, 1986).
Marx, Karl, Capital, Volume III (Moscow: Progress Publishing, 1959).
Momen, Moojan, An Introduction to Shi’i Islam (New Haven: Yale University Press, 1985).
Mutahhari, Morteza, Jurisprudence and its Principles (Fiqh and usul ul-fiqh), translated by Muhammad Salman Tawheedi (Albany, California: Moslem Student Association, n.d., circa 1983).
Naqvi, Syed Nawad Haider, Ethics and Economics: An Islamic Synthesis (Leicester: Islamic Foundation, 1981).
Nowaihi, al-, Muhammad, ‘Fundamentals of Economic Justice in Islam’, in Contemporary Aspects of Economic Thinking in Islam (1970) pp. 65–81.
O’Brien, George, An Essay on Medieval Economic Teaching (London: Longman Green, 1920).
Rodinson, Maxime, Islam and Capitalism, translated from Islam et le capitalisme (1966) (Austin: University of Texas Press, 1978).
Rodinson, Maxime, Mohammed, translated from Mahomet (1961) (Harmondsworth: Penguin Books, 1973).
Sadr, Muhammad Baqir, Eqtesad-e ma, a Persian translation of Iqtisaduna (1961) (Tehran: Entesharat-e Eslami, Volume I, 1971, Volume II, 1978).
Saleh, Nabil A., Unlawful Gain and Legitimate Profit in Islamic Law: Riba, Gharar and Islamic Banking (New York: Cambridge University Press, 1986).
Schacht, Joseph, An Introduction to Islamic Law (Oxford: Clarendon Press, (1964) 1982).
Schacht, Joseph, The Origins of Muhammadan Jurisprudence (Oxford: Claredon Press, (1950) 1985).
Segundo, Juan Luis, Faith and Ideologies, translated from Fe e ideologia (1982) (Maryknoll, NY: Orbis Books, 1984).
Sheikh, Nasir Ahmad, Some Aspects of the Constitution and Economics of Islam (Woking: The Woking Muslim Mission and Literary Trust, 1961).
Siddiqi, Muhammad Nejatullah, Partnership and Profit-Sharing in Islamic Law (Leicester: The Islamic Foundation, 1985).
Siddiqi, Muhammad Nejatullah, Banking Without Interest (Leicester: The Islamic Foundation, 1983).
Siddiqi, Muhammad Nejatullah, Muslim Economic Thinking: A Survey of Contemporary Literature (Leicester: The Islamic Foundation, for the International Centre for Research in Islamic Economics, King Abdul Aziz University, Jeddah, 1981).
Sivan, Emmanuel, Radical Islam: Medieval Theology and Modern Politics (New Haven, Conn.: Yale University Press, 1985).
Skocpol, Theda, ‘Rentier State and Shi’a Islam in the Iranian Revolution’, Theory and Society, 11, May 1982.
Spiegel, Henry William, The Growth of Economic Thought, revised edition (Durham, NC: Duke University Press, 1983).
Tabataba’i, Hossein Modarressi, An Introduction to Shi’i Law: A Bibliographical Study (London: Ithaca Press, 1984).
Tabb, William K. (ed.), Churches in Struggle: Liberation Theology and Social Change in North America (New York: Monthly Review Press, 1986).
Yusuf, S. M., ‘Land Agriculture and Rent in Islam’, Islamic Culture, 31 (1) January 1957, pp. 27–39.
Editor information
Editors and Affiliations
Copyright information
© 1992 Jomo K. S.
About this chapter
Cite this chapter
Behdad, S. (1992). Property Rights and Islamic Economic Approaches. In: Jomo, K.S. (eds) Islamic Economic Alternatives. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12287-5_4
Download citation
DOI: https://doi.org/10.1007/978-1-349-12287-5_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-12289-9
Online ISBN: 978-1-349-12287-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)