How to Study Islamic Economics as Science in Reference to the Qur’an and the Sunnah

This chapter critically discusses the concept of high morality and ethics in the light of the epistemology of Tawhid (oneness of God) in the development of the theory of Islamic economics and the fundamental values necessary for economics and as the sole axiom of Islamic economics studies. It further emphasizes the formalization of the Islamic methodological worldview in the rise of the corresponding economic and socio-scientific reasoning with a brief critique of conventional economic theory and practice.