The Time Factor – Toshihiko Izutsu and Islamic Economic Tradition

Sami AL-DAGHISTANI

Abstract


This paper interrogates the notions of time and money in Islamic (economic) tradition by applying Toshihiko Izutsu’s theory of the key terms of a worldview. A Japanese scholar of Islam, Toshihiko Izutsu (1914–1993), wrote extensively on Islamic studies, eastern mystical traditions, and Sufism. His theory of key ethical concepts in the Qur’an is a semantic analysis of an Islamic worldview, which can be applied also more specifically to economic thought in Islamic tradition. Applying Izutsu’s theory would shed light on the main ethico-economic concepts and postulates in Islamic intellectual history, such as the notions of time, money, and commodity purchases, as well as their relation to man as a time-contingent being. As well as the introduction and conclusion, this paper is divided into three main parts. In the first part, I introduce Izutsu’s life and his semantic theory. The second focuses on Islamic economics and its relation to Sharī‘a as a moral concept, whereas the third part inquires more specifically upon the notion of time and money in classical and contemporary Islamic economic thought.  


Keywords


Toshihiko Izutsu, time, money, Islamic economic thought

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DOI: http://dx.doi.org/10.4312/as.2018.6.1.55-71

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