Distinguished Scholar & Founder
Professor Dr. Abul Hasan M. Sadeq
Founder & Founder Vice Chancellor
Asian University of Bangladesh (AUB)
Founder & Founder Vice Chancellor
Asian University of Bangladesh (AUB)
Journal Publication
Journal: Hamdard Islamicus
Publisher: Hamdard Foundation, Karachi
Vol/Issue: Vol. XIII, No. 4 (Winter, 1990)
Publisher: Hamdard Foundation, Karachi
Vol/Issue: Vol. XIII, No. 4 (Winter, 1990)
Historical & Philosophical Genesis
In this seminal scholarly article, Professor Dr. Abul Hasan M. Sadeq traces the intellectual genealogy of Islamic economic thought. Published in 1990, this work serves as a foundational bridge connecting classical Islamic jurisprudence with modern economic theory.
Key Dimensions of the Study:
Key Dimensions of the Study:
- Divine Origins: Exploring how Islamic economic principles are rooted in the primary sources (Qur'an and Sunnah), establishing a paradigm where economic activity is viewed as a form of worship (Ibadah) and stewardship (Khilafah).
- Contributions of Classical Scholars: Re-evaluating the works of early Muslim thinkers—such as Abu Yusuf, Al-Ghazali, and Ibn Khaldun—and their pioneering insights into market mechanisms, labor, and fiscal policy centuries before Adam Smith.
- Historical Evolution: Analyzing the "past" of Islamic economic practice through various Caliphates to understand how theory was historically implemented in trade, taxation (Kharaj/Jizyah), and public welfare (Baitul Mal).
- Theological and Material Dimensions: Defining the unique scope of Islamic economics as a science that simultaneously addresses material prosperity and spiritual salvation, contrasting it with purely materialistic secular theories.
Core Concepts: History of Economic Thought, Islamic Jurisprudence, Khilafah, Baitul Mal, Classical Muslim Scholars, Hamdard Islamicus, AUB.