ABSTRACT

This chapter lays out the principal instruments that arise from the participatory nature of Islamic economics in the light of the Islamic epistemic law of unity of knowledge in the field of financial economics. An analytical explanation of the avoidance of riba contra trade-related economic activities has been given. The all-encompassing nature of the purpose and objective of the Shari’ah taken within the divine law of unity of knowledge is inter-causally linked with the Islamic principle of participation and the Islamic participatory economic instruments.