ABSTRACT
This chapter examines the ideas of various contemporary 'schools of thoughts' which are taking part in the discourse rather loosely defined as 'Islamic science' and delineates the future direction towards the discourse and discipline should be moving. In Islamic science mathematical models are not just tools but have one-to one correspondence with reality. Islamic science is essentially an ontological enterprise, it deals with the nature of being and not with the physical, biological and material aspects of phenomena. Quite a few assertions of S. H. Nasr are simply statements of beliefs and have nothing to do with the history of Islamic science. The chapter focuses on Guenon/Schuon school of thought represented by Nasr. It is infact a fusion of the Ismaili esoterism with the Guenon/Schuon philosophy based on esoteric and sapiential teachings of Platonismi Vedanta, Sufism and Buddhism. The chapter describes that their views have nothing to do with Islam as claimed by their protagonists in the literature produced by them.
