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Islamic economics grew naturally from the Islamic revival and political Islam whose adherents considered Islam to be a complete system of life in all its aspects, rather than a spiritual formula [86] and believed that it logically followed that Islam must have an economic system, unique from and superior to non-Islamic economic systems.
Political aspects of Islam are derived from the Islamic religion, which is based on the Quran, ḥadīth literature, and sunnah (accounts of the sayings and living habits attributed to the Islamic prophet Muhammad), [1] [2] and elements of political movements and tendencies followed by Muslims or Islamic states throughout the history of Islam.
Islamic economics is a doctrine and justice has a critical role in this doctrine. [1] Islamic economics includes 'every basic rule of economic life connected with its ideology of social justice'. [1] This doctrine based on Islamic beliefs, laws, sentiments, concepts and definitions drives from the sources of Islam. [1]
According to one source (Olivier Roy), the fusion/joint venture/hybridisation of the two Sunni movements (Salafiyya movement and Sunni Islamism) helped isolate Islamist Shia Islamic Republic of Iran, and move Islamism more towards fundamentalism or "neofundamentalism", where opposition to the West is "expressed in religious terms", i.e ...
The religio-political ideology of Islamism (also often called political Islam or Islamic fundamentalism) [1] which has "arguably altered the Middle East more than any trend since the modern states gained independence", redefining "politics and even borders" (according to at least one observer (author Robin Wright), [2] is active in many countries around the world.
In "Iran", the nature of "Islamic economy" has been widely disputed by "Iranians" has taken and for example, one view of the Islamic economic system was considered a "socialist economy" and they accepted it., [100] [101] But on the other hand, there have been Muslims or other Muslim groups who have taken a strong stance against socialism. In ...
Islam and Science: Religious Orthodoxy and the Battle for Rationality by Pervez Hoodbhoy. Islam is Mercy: Essential Features of a Modern Religion, by Mouhanad Khorchide 2012; English 2014. The Viability of Islamic Science by S. Irfan Habib, Economic and Political Weekly, June 5, 2004.
One of the leading Islamist thinkers and Islamic revivalists, Abul A'la Maududi agreed with Islamic modernists that Islam contained nothing contrary to reason, and was superior in rational terms to all other religious systems. However, he disagreed with them in their examination of the Quran and the Sunna using reason as the standard.