Scientific Method – Islamic Economics Project

Moral Reflections on Economics, Vol 5, Issue 4

By Islamic Economics Project on April 8, 2025 • ( Leave a comment )

April 2025 issue (Vol 5, Issue 4) of Moral Reflections on Economics features

Introduction and Review of the Documentary Insaan Ki Kahani by Abu Yahya

Highlights of Net Zero Banking Alliance Progress Report by Muhammad Hammad

Article on Towards Understanding Riba by Hifz Ur Rab

Book review of Divine Whispers by Mujeeb Haqqie

Research paper in focus on Financial Stability by Dr. Hassan and Dr. Noureddine

Reflections on Self-Help Books

Regular sections of market news, economic and financial indicators and call for papers.

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Philosophy of Science and Limitations of Scientific Method

By Islamic Economics Project on May 21, 2023 • ( Leave a comment )

Scientism regards science as the only source of true and valid knowledge. This view undermines the knowledge of values, ethics and norms. It replaces objective morality with subjective morals which can be tweaked by a minority of individuals in a human society with no accountability to any objective code of ethics.

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Does Faith Constrain Progress and Use of Science

By Islamic Economics Project on April 27, 2018 • ( Leave a comment )

Islam and science are not at odds as commonly perceived. According to World Values Survey Sixth Wave results, 32.73% Muslim respondents completely agreed that science and technology are making our lives healthier, easier, and more comfortable as compared to 24.89% others citing the same opinion.

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Is Contribution to Science Only a Western Enterprise

By Islamic Economics Project on April 17, 2018 • ( 1 Comment )

In 763, The House of Wisdom was founded in Baghdad. For every translated book, the state used to pay quantity of gold equal to the weight of the book so as to provide state patronage and incentives.

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The Scientific Method & Faith-Based Worldview

By Islamic Economics Project on April 12, 2018 • ( 2 Comments )

As far as understanding the properties of matter is concerned with the objective of making our lives useful, religion does not oppose science at all. There is no inherent conflict between science and religion if the scope of both science and faith are duly understood and acknowledged. Islamic worldview does not oppose the use of various tools for obtaining useful knowledge and then using that knowledge for material ends both at an individual and at the societal level.

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Need for Meaning to Existence

By Islamic Economics Project on April 9, 2018 • ( Leave a comment )

Our outlook to the universe will be different based on the meaning we attach to our relationship with the universe. From Physics perspective, extinction is merely a rearrangement of atoms, even if it happens to millions of humans via nuclear weapons.

Islamic Economics Project

Research on Islamic Economics and Finance and Role of Faith in Markets and Society in Post Modern Scientific Age

Tag: Scientific Method

Moral Reflections on Economics, Vol 5, Issue 4

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Philosophy of Science and Limitations of Scientific Method

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Does Faith Constrain Progress and Use of Science

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Is Contribution to Science Only a Western Enterprise

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The Scientific Method & Faith-Based Worldview

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Need for Meaning to Existence

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Reflections on the Origins in the Post COVID-19 World

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