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The Dynamics of the Shari'Ah and the World-System

The Dynamics of the Shari'Ah and the World-System
Author: Masudul Alam Choudhury
Publisher:
Total Pages: 29
Release: 2017
Genre:
ISBN:

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The topic of Islamic worldview versus neo-liberalism is discussed. The epistemology of unity of divine knowledge called Tawhid in the Qur'an as the basis of the Islamic future is contrasted with that of self-interest and individual sovereignty in liberalism. The methodology underlying the Tawhidi worldview as the overarching formalism of unifying world-systems is explained. Premised on this universal methodology of systems-based unity of knowledge the creative co-evolutionary process model involving knowledge-flows and knowledge-induced entities of world-systems is explained. The example of capitalist globalization as the offshoot of neo-liberalism is contrasted with the demands and organization of the Islamic world-system called the Ummah. The alternative framework of Ummatic globalization in contrast to capitalist globalization is suggested. Some of the underlying artifacts of this momentous change, particularly the money-finance-real economy complementary linkages according to the systemic unity of Tawhidi knowledge and using the instruments of the Shari'ah are examined. The dynamics of the Shari'ah is explained in terms of the Tawhidi worldview in contrast to how the framework of the Shari'ah is understood by the prevalent Muslim mind far away from an endogenous functioning of the Tawhidi episteme in it. Prevalent thinking in Islamic economics, finance, science and society is critically examined against the background of the Tawhidi methodological worldview. The paper concludes with relevant policy prescriptions.


The Islamic World-System

The Islamic World-System
Author: Masudul Alam Choudhury
Publisher: Routledge
Total Pages: 272
Release: 2005-07-19
Genre: Political Science
ISBN: 1134356838

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This highly original book presents an alternative vision of globalization and explores the epistemology, derived from the Qur'an and the Prophetic guidance Sunnah, that underpins the systemic unity at the heart of the Islamic concept of world-system. Choudhury's investigation reveals the ethical foundations that influence the development of law, markets and social contract in Islamic societies. He then applies his methodology to issues and problems such as property rights, money, political economy, technology diffusion, microenterprise development and asset evaluation.


The Politics of Islamic Law

The Politics of Islamic Law
Author: Iza R. Hussin
Publisher: University of Chicago Press
Total Pages: 360
Release: 2016-03-31
Genre: Law
ISBN: 022632348X

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In The Politics of Islamic Law, Iza Hussin compares India, Malaya, and Egypt during the British colonial period in order to trace the making and transformation of the contemporary category of ‘Islamic law.’ She demonstrates that not only is Islamic law not the shari’ah, its present institutional forms, substantive content, symbolic vocabulary, and relationship to state and society—in short, its politics—are built upon foundations laid during the colonial encounter. Drawing on extensive archival work in English, Arabic, and Malay—from court records to colonial and local papers to private letters and visual material—Hussin offers a view of politics in the colonial period as an iterative series of negotiations between local and colonial powers in multiple locations. She shows how this resulted in a paradox, centralizing Islamic law at the same time that it limited its reach to family and ritual matters, and produced a transformation in the Muslim state, providing the frame within which Islam is articulated today, setting the agenda for ongoing legislation and policy, and defining the limits of change. Combining a genealogy of law with a political analysis of its institutional dynamics, this book offers an up-close look at the ways in which global transformations are realized at the local level.


The Sociology of Shari’a: Case Studies from around the World

The Sociology of Shari’a: Case Studies from around the World
Author: Adam Possamai
Publisher: Springer
Total Pages: 322
Release: 2014-12-04
Genre: Social Science
ISBN: 3319096052

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This edited volume offers a collection of papers that present a comparative analysis of the development of Shari’a in countries with Muslim minorities, such as America, Australia, Germany, and Italy, as well as countries with Muslim majorities, such as Malaysia, Bangladesh, Turkey, and Tunisia. The Sociology of Shari’a provides a global analysis of these important legal transformations and analyzesthe topic from a sociological perspective. It explores examples of non-Western countries that have a Muslim minority in their populations, including South Africa, China, Singapore, and the Philippines. In addition, the third part of the book includes case studies that explore some ground-breaking theories on the sociology of Shari’a, such as the application of Black, Chambliss, and Eisenstein’s sociological perspectives.


Methodological Dimension Of Islamic Economics

Methodological Dimension Of Islamic Economics
Author: Masudul Alam Choudhury
Publisher: World Scientific
Total Pages: 370
Release: 2019-01-07
Genre: Business & Economics
ISBN: 9813276037

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The theme of circular causation has nascent origin in the field of sociology of economics with vast development applications and with epistemological issues on modeling in the framework of the phenomenon of pervasive interconnectedness. Thus the sociological theme of epistemic unity of knowledge grounds the theory and application of the theory and models of circular causation to the vast realm of socioeconomic development issues.The theory and application of circular causation has methodological similarities with Gunnar Myrdal's theory of social causation and Joseph Schumpeter's and Hayek's learning models of evolutionary phenomena. One can re-engineer many important works by sociological economists in and by the methodology of circular causation. Among these other important works are capabilities and functioning by Amartya Sen; John Rawls' evolutionary good society aspiring for social justice; adaptation of Ilya Prigogine's theory of being and becoming to social, economic and development phenomenon; and George Soros' theory of reflexivity in history and financial markets. The proponent of this book has pioneered the area of theory and application of circular causation extensively.


Human-Earth System Dynamics

Human-Earth System Dynamics
Author: Rongxing Guo
Publisher: Springer
Total Pages: 199
Release: 2018-05-16
Genre: Social Science
ISBN: 9811305471

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This book explores the factors and mechanisms that may have influenced the dynamic behaviors of earliest civilizations, focusing on both environmental (geographic) factors on which traditional historic analyses are based and human (behavioral) factors on which anthropological analyses are usually based. It also resurrects a number of common ancestral terms to help readers understand the complicated process of human and cultural evolution around the globe. Specifically, in almost all indigenous languages, the words ‘wa’ and any variants of it were originally associated with the sound of crying of – and certainly were selected as the common ancestral word with the meanings of “house, home, homeland, motherland, and so on” by – early humans living in different parts of the world.This book provides many neglected but still crucial environmental and biological clues about the rise and fall of civilizations – ones that have largely resulted from mankind’s long-lasting “Win-Stay Lose-Shift” games throughout the world. The narratives and findings presented at this book are unexpected but reasonable – and are what every student of anthropology or history needs to know and doesn't get in the usual text. “Professor Guo explores the dynamics of civilizations from the beginnings to our perplexingly complex world. There are lots of thought-provoking ideas here on the rise and decline of civilizations and nations... Anyone wishing to understand global developments should give this book serious consideration.” ----John Komlos, University of Munich, Germany, and Duke University, USA “It is interesting to see a Chinese perspective on the questions of deep history that have engaged Jared Diamond, Yuval Harari and David Christian. Guo argues that understanding cyclical threats has been the key to human progress, which is driven by the dialectic of material privation and human ingenuity.” ----Peter Rutland, Wesleyan University, USA


Forces of Fortune

Forces of Fortune
Author: Seyyed Vali Reza Nasr
Publisher: Simon and Schuster
Total Pages: 322
Release: 2009-09-15
Genre: History
ISBN: 1416589686

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Leading authority on the Islamic world and influential advisor to the Obama administration Vali Nasr shows that the West's best hope of winning the battle against Islamic extremists is to foster the growth of a vibrant new Muslim middle class. This flourishing of Muslim bourgeoisie is reshaping the mind-set, politics, and even the religious values of Muslims in much the same way the Western bourgeoisie lead the capitalist and democratic revolution in Europe. Whereas extremism has grown out of the dismal economic failures of the authoritarian Islamic regimes, Nasr explains, the wealth and aspirations of this Islamic "critical middle" put them squarely at odds with extremism. They have ushered in remarkable transformations already in Dubai, Turkey, and Indonesia, and they are the key to tipping the balance in both Iran and Pakistan. As he writes "the great battle for the soul of the Muslim world will be fought not over religion but over market capitalism."


Handbook of Analytical Studies in Islamic Finance and Economics

Handbook of Analytical Studies in Islamic Finance and Economics
Author: Zamir Iqbal
Publisher: Walter de Gruyter GmbH & Co KG
Total Pages: 723
Release: 2020-08-10
Genre: Business & Economics
ISBN: 3110587920

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This handbook offers a unique and original collection of analytical studies in Islamic economics and finance, and constitutes a humble addition to the literature on new economic thinking and global finance. The growing risks stemming from higher debt, slower growth, and limited room for policy maneuver raise concerns about the ability and propensity of modern economies to find effective solutions to chronic problems. It is important to understand the structural roots of inherent imbalance, persistence-in-error patterns, policy and governance failures, as well as moral and ethical failures. Admittedly, finance and economics have their own failures, with abstract theory bearing little relation with the real economy, uncertainties and vicissitudes of economic life. Economic research has certainly become more empirical despite, or perhaps because of, the lack of guidance from theory. The analytics of Islamic economics and finance may not differ from standard frameworks, methods, and techniques used in conventional economics, but may offer new perspectives on the making of financial crises, nature of credit cycles, roots of financial system instability, and determinants of income disparities. The focus is placed on the logical coherence of Islamic economics and finance, properties of Islamic capital markets, workings of Islamic banking, pricing of Islamic financial instruments, and limits of debt financing, fiscal stimulus and conventional monetary policies, inter alia. Readers with investment, regulatory, and academic interests will find the body of analytical evidence to span many areas of economic inquiry, refuting thereby the false argument that given its religious tenets, Islamic economics is intrinsically narrative, descriptive and not amenable to testable implications. Thus, the handbook may contribute toward a redefinition of a dismal science in search for an elusive balance between rationality, ethics and morality, and toward a remodeling of economies based on risk sharing and prosperity for all humanity


Islamic Law and International Human Rights Law

Islamic Law and International Human Rights Law
Author: Anver M. Emon
Publisher: OUP Oxford
Total Pages: 416
Release: 2012-10-11
Genre: Law
ISBN: 0191645702

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The relationship between Islamic law and international human rights law has been the subject of considerable, and heated, debate in recent years. The usual starting point has been to test one system by the standards of the other, asking is Islamic law 'compatible' with international human rights standards, or vice versa. This approach quickly ends in acrimony and accusations of misunderstanding. By overlaying one set of norms on another we overlook the deeply contextual nature of how legal rules operate in a society, and meaningful comparison and discussion is impossible. In this volume, leading experts in Islamic law and international human rights law attempt to deepen the understanding of human rights and Islam, paving the way for a more meaningful debate. Focusing on central areas of controversy, such as freedom of speech and religion, gender equality, and minority rights, the authors examine the contextual nature of how Islamic law and international human rights law are legitimately formed, interpreted, and applied within a community. They examine how these fundamental interests are recognized and protected within the law, and what restrictions are placed on the freedoms associated with them. By examining how each system recognizes and limits fundamental freedoms, this volume clears the ground for exploring the relationship between Islamic law and international human rights law on a sounder footing. In doing so it offers a challenging and distinctive contribution to the literature on the subject, and will be an invaluable reference for students, academics, and policy-makers engaged in the legal and religious debates surrounding Islam and the West.


Islamic Law and Governance in Contemporary Iran

Islamic Law and Governance in Contemporary Iran
Author: Mehran Tamadonfar
Publisher: Lexington Books
Total Pages: 387
Release: 2015-05-20
Genre: Law
ISBN: 1498507573

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The current rise of Islamism throughout the Muslim world, Islamists’ demand for the establishment of Islamic states, and their destabilizing impact on regional and global orders have raised important questions about the origins of Islamism and the nature of an Islamic state. Beginning with the Iranian revolution of the late 1970s and the establishment of the Islamic Republic to today’s rise of ISIS to prominence, it has become increasingly apparent that Islamism is a major global force in the twenty-first century that demands acknowledgment and answers. As a highly-integrated belief system, the Islamic worldview rejects secularism and accounts for a prominent role for religion in the politics and laws of Muslim societies. Islam is primarily a legal framework that covers all aspects of Muslims’ individual and communal lives. In this sense, the Islamic state is a logical instrument for managing Muslim societies. Even moderate Muslims who genuinely, but not necessarily vociferously, challenge the extremists’ strategies are not dismissive of the political role of Islam and the viability of an Islamic state. However, sectarian and scholastic schisms within Islam that date back to the prophet’s demise do undermine any possibility of consensus about the legal, institutional, and policy parameters of the Islamic state. Within its Shi’a sectarian limitations, this book attempts to offer some answers to questions about the nature of the Islamic state. Nearly four decades of experience with the Islamic Republic of Iran offers us some insights into such a state’s accomplishments, potentials, and challenges. While the Islamic worldview offers a general framework for governance, this framework is in dire need of modification to be applicable to modern societies. As Iranians have learned, in the realm of practical politics, transcending the restrictive precepts of Islam is the most viable strategy for building a functional Islamic state. Indeed, Islam does provide both doctrinal and practical instruments for transcending these restrictions. This pursuit of pragmatism could potentially offer impressive strategies for governance as long as sectarian, scholastic, and autocratic proclivities of authorities do not derail the rights of the public and their demand for an orderly management of their societies.