The application of economic Laws and the challenge of forecasting in Islamic economics

Document Type : Research Paper

Authors

1 Member of the faculty and associate professor of the Research Institute of Islamic Culture and Thought

2 Associate Professor of the Department of Economics, Research Institute of Islamic Culture and Thought

3 PhD in Islamic Economics, University of Tehran

10.30497/ies.2025.247188.2250

Abstract

One of the most important challenges of common economics that makes accurate forecasting of economic phenomena difficult is the lack of consideration of spiritual and metamaterial factors that influence in the form of divine Laws; But is it possible to achieve such a goal in Islamic economics, which includes divine Laws?

In response to the above question, the authors have reached the following results by applying the descriptive analytical method:

A) The double acceptance of the principle of forecasting and realism is raised in mainstream economics; Therefore, by accepting the principle of realism, some do not consider prediction as one of the goals of this science

b) In Islamic economics, although forecasting is not the focus of discussion; But along with explaining the reality, it is accepted longitudinally.

C) The challenges ahead for those who accept prediction as the goal of science, ultimately prove its difficulty, not its impossibility. This problem in Islamic economics is double, not impossible, due to the element of divine science and expediency.

d) A case study in economics and the analysis of Laws such as Barakat and Atraf, which express the logical relationship between condition and punishment, did not contradict the findings of this research.

Keywords


Articles in Press, Accepted Manuscript
Available Online from 20 April 2025