ABSTRACT

Islamic economics is not a social science yet. It is a work in progress. Islamic economists differ on methodology for developing Islamic economic thought into a social science. They face several dilemmas surrounding religion, Islamic law, conventional economics, contents of Islamic economics, current practice of Islamic finance and zakah, * etc. Until fog clears around these dilemmas the objective of developing Islamic economics as a social science will remain unaccomplished. The chapter discusses 11 dilemmas and suggests possible way forward. It aims at providing a platform for discussing and developing the Islamic economic thought into a social science