Philosophy of Islamic Economics as Transdisciplinary Metascience: The Abstracto-empirical Framework

The last 80 years of Islamic scholarship commencing from the earliest crude times of the birth of Islamic economics and intellectual awareness in the contemporary world, the project failed to produce the mind against the mechanism of product development under shareholder model. In present times as science in general and Islamic economics in particular are moving boldly into heterodox epistemological inquiries, Islamic economics presents a glaring example of high intellectual possibility. The methodological field and the abstract and applied worldview arising from the rigorous methodology is to undertake all scientific inquiry within a transdisciplinary field. This methodological approach gives rise to a specialized general theory of metascience. Within this is the theory and prospect of Islamic economics and science. That generalized and overarching methodology is of the theory of “everything,” arising as the Tawhidi (monotheistic) unity of knowledge and configuring the generality and details of the world-system. This chapter will expound the emergent analytical theory of Tawhid as law of unity of knowledge. It will then apply this imminent theory to a wellbeing model, the Islamic objective maslaha.