American International Journal of Social Science

Conceptualization of Islamic Political Economy
Mohd Syakir Bin Mohd Rosdi

Abstract
Islamic political economy is a new field and no fixed concept has ever existed. In general, this qualitative descriptive paper is written to identify the concept of Islamic political economy. Specifically, it deals with the goals, features, and principles of Islamic political economy. It is done with the aim to understand the Islamic political economy in the midst of the dominant conventional political economy. This library-research-oriented paper is based on secondary data and analyzed through a comparative approach. The result manifests distinctive differences between the goals, features, and principles of the conventional political economy and those of the Islamic political economy. These differences entail from the difference of the world-view (tasawur) between the two.

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