Horizons of Thought

Volume.2, No.1, Spring & Summer 2016

Mohammad Javad Tavakoli \ Assistant Professor of Economics in IKI Tavakoli@iki.ac.ir

Received: 2016/04/02 - Accepted: 2016/07/14

Abstract

Over the last decades, there has been a debate on the founder of Islamic economics. Researchers have nominated scholars such as Sayyie Abu Ala Maududi (1903-1979), as the father of Islamic economics. The current paper is devoted to the evaluation of such claims. Considering the contributions of Shahid Muhammad Baqir al-Sadr (1935-1980) to Islamic economics, it is reasonable to conjecture that he deserves to be called the father of Islamic economics. The results of the study show that Sadr deserves such a title because he was the first one to introduce the Islamic economic system in contrast with capitalistic, socialistic and mixed economic systems. He also improved the methodology of Islamic economics by introducing the discovery method.

Key Words: Islamic Economics, Muhammad Baqir al-Sadr, Founder of Islamic Economics.