Accounting for the failures of islamic legal theory at public administration: political economy of historical institution of hisbah as a regulatory body

Avduki?, Alija; Khaleel, Fawad

Abstract

The aim in this paper is to examine the implementation and working of market regulations within the Muslim world with the objective of investigating the political economy of institution of hisbah, and examining the process of construction of regulations, and developing an understanding on the process of implementation of these regulations. This paper, hence, examines and explores the operational side of governance within Islamic thoughts in the form of the institution of hisbah.
The investigation within this paper focuses on the socio-politicoeconomics behind the operations of hisbah and its episteme, the method of enquiry, the theologians that applied it as well as the social reality that necessitated an intervention from the institution. This helps to explore and articulate the creativity in the application of method of enquiry and inclusion of juristic subjectivity to regulate the continually changing social realities of the market, whilst justifying the epistemic connection with unalterable sources of law.

Citation

Avdukić, A., & Khaleel, F. (2019, October). Accounting for the failures of islamic legal theory at public administration: political economy of historical institution of hisbah as a regulatory body. Presented at Sarajevo Islamic Finance and Economics Conference, Sarajevo, Bosnia and Herzegovina

• Presentation Conference Type: Other
• Conference Name: Sarajevo Islamic Finance and Economics Conference
• Start Date: Oct 25, 2019
• End Date: Oct 25, 2019
• Deposit Date: Oct 28, 2019
• Keywords: Hisbah, regulations, accountancy, Shari'ah
• Public URL: http://researchrepository.napier.ac.uk/Output/2261881