Contributions of Muslim Scholars to Economic Thought and Analysis

September 2017
162 Pages

IKAM in line with its previous tradition of translating the classical works of Islamic Economics into Turkish has recently published through its publishing house. Iktisat publishers, both parts of Abdul Azim Islahi's famous work entitled History of Islamic Economic Thought (I & II).

Most of the important works in Islamic Economic Thought could so far be traced only up to 15th century CE. So the History of Islamic Thought too was perceived to have its share of gaps as there was an apparent vacuum after the prolific writings of Ibn Khaldun, al-Dulaji and al-Maqrizi – all of them belonging to the first half of 15th century CE. The work under review seeks to demolish such perception as the author finds continuity of the traditions of writings on Islamic Economics as well as the evolution of economic institutions. The work is organized into twelve chapters beginning with outlining the plan of the book, scanning of literature and identifying those historical events of 16th century CE (10th century AH) that had the bearing on the Muslims’ intellectual expressions. Literature review throws adequate light on the state of the History of Islamic Economic Thought that not only fails to bring to light the significant developments in Islamic Economics in the 16th century but also exposes the inadequacy of the evidence in support of the theory of continuity since the setting up of Islamic State up to 15th century CE when writing on Islamic Economic Principles and the working of system based on them was at its zenith. In this context the present work is a net addition to the existing body of knowledge as the 16th century thus far remained under-researched. The work also provides a sketch of the historical developments that took place in the contemporary world so that reader could have a broad horizon of perspectives. This is important in view of the occurrence of some watershed developments in world history during the century under discussion.