Although Islamic Economics is still in its early stages of development as an academic discipline, there is a constant flow of useful and valuable literature on its different aspects and themes relating to Islam’s economic teachings. There is also a rich scholarly tradition from whose womb this nascent discipline has emerged. In all ages and times Muslim scholars have written on the economic teachings of Islam. The current century has, however, been particularly prolific. Theologians, legists, fuqahti ‘, social thinkers and reformers have profusely written on economi9 themes and have tried to identify what guidance could be drawn from the Islamic sources-the Qur’an, Sunnah, Fiqh, social thought and historical experience. Lurid light has been thrown on certain aspects, likelprohibition of ribti, dynamic potential of zaktit, concept of property and enterprise, role of state, etc. Reflection and discussion continue on many more aspects from the micro level to the global issues. It is in the context of this rich intellectual background that the Muslim economists are trying to develop what can be described as ‘Islamic Economics’.
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