Economics and Islam: Interdisciplinary Insights

This conceptual paper takes an interdisciplinary approach to integrate certain fundamental assumptions of Economics and Islam in order to obtain novel and holistic insights about humanity and its experience with religion. We find that certain implications which naturally flow from the most fundamental assumptions of Economics are consistent with Islamic thought. When assumptions of Economics and concepts of Islam are used as premises of a deductive reasoning process, we can make certain interesting deductions or predictions about the future of religion as well as obtain novel, holistic insights. We also check whether these insights are consistent with the existing literature or not.