More ʿAdī Setia via Rhamis Kent

"If economics is, following its original etymological meaning, the science of “household management,” or rather, the science of household stewardship, and the end of this stewardship is the well-being of the household, then any system of economics that leads, wittingly or unwittingly, to the dissolution of the household, or to the desolation of the earth as the macro-household, can only be an elaborate nihilistic inversion of the true meaning and purpose of economics. In the wake of the current financial and economic meltdown and widespread rethinking of all key economic concepts, Muslims should call for a serious and honest return to and creative revival of the traditional approach to understanding economics and the economy, which takes care to seamlessly embed the short-term goal of worldly prosperity into the larger, long-term goal of intergenerational sustainability and, ultimately, eternal felicity in the Afterlife. This understanding is very much in line with the Worldview of Islām (ruʾyat al-Islām lil-wujūd), which, as Syed Muhammad Naquib al-Attas puts it, “encompasses both al-dunyā and al-ākhirah, in which the dunyā-aspect must be related in a profound and inseparable way to the ākhirah-aspect, and in which the ākhirah-aspect has ultimate and final significance.”"

 -- Associate Prof. Dr. ʿAdī Setia, CASIS http://www.cis-ca.org/jol/JIS-11-1/JIS-11-1-Adi.pdf

Part of Dr. ʿAdī Setia's endeavour to restore the discipline of economics, the economy and community to its proper place. Join us. Insights and Excerpts from Al-Ghazālī’s Kitāb ādāb al-Kasb for Reviving Economies for Communities A reflective reading of this work provides valuable insights into the integrative socio-axiological vision underpinning all commercial transactions and economic activities in Islam, leading to a succinct re-definition of economics as “the science of earning and provisioning”