ABSTRACT
This introduction presents an overview of key concepts discussed in the subsequent chapters of this book. The book focuses on the genuinely epistemological foundation of Islamic financial economics on a comparative framework with mainstream financial economy, and test the new analytical formalism that is derived in this context both mathematically and empirically. The embedding of knowledge with the generality and specifics of the world system, as in the case of financial economics, also conveys the idea of phenomenology. Phenomenology is the study of consciousness through the organic inter-relationship between deontological characteristics of self with its dynamic preferences and the creative actions and responses generated by relational experiences. The central embedded role of the divine law of monotheism pervades the socio-scientific domain of everything. The book is a contribution to the realm of ideas where the monotheistic law functions in the formal, analytical, and applied ways of the epistemological unity of knowledge and unity of the knowledge-induced world system.
