Islamic Economics Institute

KAUJIE Classification Scheme for Literature in

Islamic Economics and Finance

A. Economics in the Sources of Islamic Law

A0 General

A1 Qur’an and Economics

A2 Hadith and Economics

A3 Consensus on Economic Matters

A4 Applications of Customary Practice (urf ) in Economic Matters

A5 Application of Jurisprudential Rules of Deduction/Preference in Economic Matters

A6 Jurisprudential Research Effort (ijtihad) and its Examples in Economic Matters

A7 Economics in other Sources of Islamic Law

B. Economics and Objectives of Shariah (Maqasid al-Shariah)

B0 General

B1 Definition and Classification of (Maqasid al-Shariah)

B2 Maqasid al-Shariah and Contemporary Contracts

B3 Development of Islamic Economics Theory and Maqasid al-Shariah

B4 Islamic Financial Practice and Achievement of Maqasid al Shariah

B5 Maqasid al-Shariah and Economics and Finance Issues (e.g. growth, welfare etc.)

C. Economics and Islamic Jurisprudence

C0 General

C1 Essential Rules of Jurisprudence (related to economic matters)

C2 Jurisprudence of Contracts

C3 Shariah Maxims

C4 Jurisprudence Rules Relating to Non-Monetary Matters

C41 Jurisprudence of Neighborhood

C42 Jurisprudence of Pre-Emption

C43 Jurisprudence of Misappropriation (ghasb)

C5 Jurisprudence of Monetary Matters

C51 Jurisprudence of Wealth and Ownership

C52 Jurisprudence of Torts

C53 Jurisprudence of Trade and other Business Forms

C54 Jurisprudence of Debts

C55 Jurisprudence of Zakah (payers, categories of recipients etc.)

C56 Jurisprudence of Voluntary and Compulsory Charity other than Zakah

C57 Jurisprudence of Inheritance

C58 Jurisprudence of Currencies

C59 Jurisprudence of Markets

D. History of Islamic Thought with Reference to Economic Matters

D0 General

D1 Contributions on Economic Matters Before 5th Century AD

D2 Contributions on Economic Matters from 6th to 19th Century AD

D3 Contributions on Economic Matters After 19th Century AD

D4 Contribution to Economic Thought by Muslim Scholars (Individual)

D5 Contributions by Muslim Scholars on an Economic Issue

E. Islamic Economic Institutions

E0 General

E1 Zakah (a prescribed Islamic levy)

E11 Zakah and Taxation

E12 Zakah , Distributional Equity and Poverty Alleviation

E13 Zakah Accounting

E14 Contemporary Issues in Zakah (e.g. zakah on shares)

E15 Applications of Zakah in Modern Economies and Empirical Studies

E2 Trusts (awqaf )

E21 Historical Role of Awqaf in Economic and Social Development

E22 Contemporary Issues in Awqaf (e.g. cash awqaf, waqf model of insurance)

E23 Applications of Awqaf in Modern Economies

E3 Other Charitable Institutions

E31 Economics of Non-Profit Organizations (NPOs)

E32 Management of NPOs

E33 Goodly Loan Institutions

E4 Market Inspection/Scrutiny (hisbah)

E41 Jurisprudential Aspects of the Institution of Scrutiny

E42 Distinction Between the Institution of Scrutiny and Judiciary

E43 Historical Role of Market Inspector

E44 Contemporary Practices of the Institution and their Evaluation

E5 Public Treasury (bayt al-mal)

E51 Nature and Functions of Bayt  al-mal

E52 Historical Role of Bayt  al-mal

E53 Bayt  al-mal as Compared to Modern Ministries of Finance and Economics

E54 Institution of Shura; Functions, operating rules and Economic Implications

F. Economic Systems and Islam

F0 General

F1 Islamic Economic System

F11 Components of Islamic Economic System

F12 Salient Features of Islamic Economic System

F13 Assessment of Islamic Economic Practices in the Past and Present

F2 Islam and Capitalism

F21 Assessment of Capitalistic System

F22 Similarities and Dissimilarities Between Capitalistic and Islamic System

F3 Islam and Socialism

F31 Assessment of Socialistic System

F32 Similarities and Dissimilarities Between Socialistic and Islamic System

F4 Islam and Welfare State

F41 Assessment of Welfare State System

F42 Similarities and Dissimilarities Between Welfare State and Islamic System

F5 Comparative Economic Systems

F51 General Studies on Islamic Versus other Systems

F52 Specific Studies on a Particular Economic Issue in Various Systems

G. Assessment of Contemporary Economic Thought

G0 General

G1 Contemporary Economic Thought and Islamic World View

G2 Assessment of Classical and Neo-Classical Economics and its Institutions

G21 Scarcity of Resources

G22 Unlimited Wants

G23 Concept of Rationality

G24 Profit/Utility Maximization

G25 Laissez-faire

G26 Pareto Optimality

G3 Assessment of Keynesian Economics and its Institutions

G31 State and Market Intervention

G32 Aggregate Demand and its Components

G33 Role of Rate of Interest in the Economy

G4 Assessment of Marxian Economics and its Institutions

G41 Surplus Value

G42 State Control of Property and its Economic Implications

G43 Labor Compensation

G5 Assessment of Behavioral Economics and Finance

G6 Assessment of Heterodox Economics

G61 Institutional Economics

G62 Austrian Economics

G63 Other Economic Paradigms

H. Economic Analysis

H0 General

H1 Teaching of Islamic Economics and Finance

H2 Economic Models and Paradigms

H21 Methodology of Islamic Economics

H22 Theorization of Islamic Economics

H23 Theory of Financial Intermediation

H24 Assessment of Theories of Islamic Economics and Finance

H25 Role of Jurisprudence in the Development of the Theories of Islamic Economics and Finance

H3 Micro Economic Behavior: Basic Islamic Principles

H31 Individual Decision-Making: Uncertainty, Asymmetric Information

H32 Consumer Economics, Consumer Protection, Household Behavior, Family Economics

H33 Theory of Firm and Organizations of Production

H34 Market Structures and Pricing

H35 Theories of Input and Output Pricing

H36 Allocative Efficiency, Externalities and Welfare

H37 Role of Information in Market Efficiency, Insider Trading

H38 Value Theory

H39 Game Theory

H4 Macro Economics

H41 National Product/Income and its Determination

H42 Unemployment, Inflation and Business Fluctuation/Cycles

H43 Public Sector Economics

H44 Economics of Non-Profit Sector

H45 Scope and Benefits of Privatization

H46 International Trade

H5 Economic and Social Development

H51 Islamic Concept of Development and General Welfare (Falah)

H52 Financial and other Requirement for Development and Growth

H53 Externalities and their Treatment

H54 Issues Relating to Land (rehabilitation, tenure systems, reforms)

H55 Growth and Development in Economies of Muslim Countries

H56 Economic Cooperation among Muslim Countries

H57 Environment and Pollution Issues

H58 Islamic Institutions such as Family, Brotherhood, Neighborhood and Economic Rights and Responsibilities Emerging Therefrom

H59 Colonization, Multinational Economic Institutions and their Effects on LDCs

H6 Economics and Related Sciences Viewed from Islamic Perspective

H61 Economics and Philosophy

H62 Law and Economics

H63 Tort Law and Under Shariah

H64 Family and Personal Law Under Shariah

H65 Business Administration, Auditing  and Accounting

H66 Agricultural and Natural Resource Economics

H67 Economics and Ethics

H68 Economics and Sociology

H69 Economics and Other Social Sciences

I. Financial Economics

I0 General

I1 Rationale for Islamic Finance: Prohibition of riba

I11 Theoretical Debates on riba, (definition, rationale of prohibition etc.)

I12 Types of riba

I13 Riba in Other Religions and Philosophies

I14 Riba Versus Usury Versus