Operationalizing distributive justice from the perspective of Islamic economics
The idea of distributive justice is an important subject matter immensely debated in studies of philosophy, political, behavioural and social sciences; yet to be thoroughly analysed in economics. Despite its relevance, works in the formulation of models of distributive justice in Islamic Economics...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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The International Islamic University Malaysia
2018
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/22869/1/Shafinah.pdf http://ir.unimas.my/id/eprint/22869/ http://journals.iium.edu.my/enmjournal/index.php/enmj |
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| Summary: | The idea of distributive justice is an important subject matter immensely debated in studies of philosophy, political, behavioural and social sciences; yet to be thoroughly analysed in economics. Despite its relevance, works in the formulation of models of distributive justice in Islamic Economics are lacking relative to those available in Western scholarship. The existing scholarly products deal mainly with limited applied aspects of distributive justice. Alternatively, the current conceptual paper is an inaugural analysis of the notion of distributive justice from the sources of Islamic heritage (Turath). The effort is aimed at guiding practitioners and policymakers to find solutions to economic distributional problems in the Muslim world in particular. This research attempts to critically review accessible Islamic Economic literature written on distributive justice and propose a model of distributive justice using the operationalization method introduced by Sekaran (2010). It begins with a brief survey of related works by exploring justice and distribution separately. Next the concept of distributive justice is translated into principles and observable dimensions found in the sources of revealed knowledge. Lastly the findings are presented in the form of the proposed model of distributive justice that is based solely from the evidences in the Holy Quran and Hadith. Recommendations are made for the expansion of the model to fit the special needs of different Islamic economies battling against severe distributive injustices stemming from the reliance on conventional theories. Empirical analysis to further defend the viability of the proposed model of distributive justice is highly valued. |
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