METHODOLOGY OF ISLAMIC ECONOMICS AN ANALYSIS COMPARISON

Abstract

The methodology of Economics discussed by the economists covers the topics of positive vs normative, inductive vs deductive, incorporation vs exclusion of values, perscription vs description, apriorism vs empriricism, etc. This article discusses in broad term the metodology of Islamic Economics and to show its differences from the methodology of conventional economics. It also discusses some of the methodological issues relating to Islamic economics such as Islamic economics as a positive and normative sciences and differences between Islamic economics and fiqh muamalah