Ma`rifat Eqtesadi

Explanation of the philosophical foundations and methodology of Islamic economics and analysis of its role in theorizing is of great importance in Islamic economics. This article uses an analytical method to explain the philosophical foundations and methodology of Islamic economics and analyze its function. Based on the findings of the article, from an epistemological point of view, Islamic economics, by utilizing revelation as a new source of knowledge, seeks a continuous system of normative, descriptive, and prescriptive epistemological propositions. From an ontological perspective, Islamic economics is based on a monotheistic worldview, individual-collectivism, spectral bounded rationality, and transcendental order. From an axiological point of view, Islamic economics, by rejecting the equality of value and utility, adopts the approach of consequential perfectionism in normative ethics instead of utilitarianism. Islamic economics also uses a combination of inquisitorial, exploratory, deductive and inductive methods in methodology and uses a combination of formal testing to prevent errors in reasoning and content testing to examine the accuracy of citation to Sharia, compatibility, conformity with external reality and necessary practical efficiency. The function of the philosophical foundations and methodology of Islamic economics in theorizing and modeling in Islamic economics can be classified into two functions: direct and indirect. The direct function is mainly discussed in the productive role of the philosophical foundations of Islamic economics; when the basic propositions appear as part of the theory. The indirect function of the philosophical foundations and methodology of Islamic economics appears through the channel of its influence on components such as the definition, subject, goals and issues of Islamic economics and its research method.