Similarly the evolution of an Islamic political system during the time of Prophet Muhammad in Medina did not begin with institutional or procedural developments, but rather with the emergence of the Islamic world-view, whose spirit was then captured in both novel and centuries-old institutions. While these institutions guaranteed and represented Islamic temporal rule and adhere to the injunctions of the Shariah, at no time aid they act as either the harbinger or the actual message of Islam. That message was vested in the essence of Islam itself, from which all institutional and organizational activities followed. The injunctions of the Shariah meanwhile determined the manner in which the Islamic world-view was translated into praxis, and governed the activities of the subordinate institutions. Therefore, the hierarchic flow of spiritual and authoritative constructive impulses from the Islamic world-view to various institutional structures, mediated and governed by the injunctions of the Shariah, acted to delineate and form the Islamic political order. Similar processes also formed the bases of the evolution of Islamic science and Islamic art.
In all these examples, the elaboration and in certain instances construction of the omnipotent philosophy, Weltanschauung, or more generally the spiritual content of a belief system preceded the emergence of the institutions or organizational expressions which were the bearers of the message and implementers of the objectives of those original ideas. Religious law, meanwhile, has always acted as the guiding criterion for the explication of the original ideas and the delineation of the activities of the institutions which emanated from those ideas.
In the case of Islamic economics, it seems that the aforementioned process has been reversed. Muslim thinkers have devoted the Iion's share of their attention to issues which pertain solely to the management of Islamic economic institutions. The philosophy of Islamic economics, instead, suffers from neglect and atrophy. The conspicuous absence of a philosophical outlook, from the prolegomenon to Islamic economics, in practice, translates into an intellectual lacuna which could seriously impede the operational viability and the developmental capacity of Islamic economics.
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