Journal of Islamic Economics

Aims & Scope

The Social Sciences University of Ankara, International Center for Islamic Economics and Finance, the publisher of the Journal of Islamic Economics, aims to attract new lines of thinking that consider Islamic economics as one of the main components of economics, albeit with a distinctive methodology. It combines the reform of the received neoclassical doctrine as well as the contemporary system of market capitalism with alternative analytical approaches that reconstruct both our intellectual thought as well as our way of life. The journal is open to high-calibre research in economics, Islamic economics, finance and Islamic finance, history of economic thought, economic history, and other related fields, both theoretical and empirical. The Journal of Islamic Economics will attempt to focus on two major areas while keeping an open mind toward other areas. First, it considers reforming orthodoxy by redefining its building blocks in all fields of economics, especially those fields which have been questioned in methodology, analysis, and conclusions. Such reform would require a solid critique of the received doctrine as well as an acceptable alternative construction. Second, it aims to propose reforming the dominant version of market capitalism to favour a more effective and practical approach to reaching common socioeconomic goals. While Islamic economics is the main theme, a critique of and alternative approaches to economic analysis are sought after. The use of rational thinking in research is a must. Deduction and induction are therefore maintained in the traditions of Ibn Rushd. In this context, Islamic economists should leave the derivation of rules related to Islamic economics to Islamic jurists and approach the economic issues from an analytical point of view. This should start with a reasonable rejection of the existing Neoclassical economic theories and continue with the presentation of a new theoretical framework with a methodology suitable for the Islamic economic theory and the construction of an institutional structure. Both takhliah, or ushering away the mistaken analysis, and tahliah, or ushering in the more solid analysis are invited to enrich a new school of thought. The journal is open to high-calibre research related to this scope.

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