WCES 2014 The Distinctive Features of Teaching of Islamic Economics: Philosophy, Principles and Practice

This article considers the basic teaching principles in universities of the course on Islamic economy and its practical application to classical economy environment. In contrast to the classical model of economy which is irrelevant to religious norms of the society, the Islamic economy, banking and business are tightly connected to the proscribed ethic regulations of Quran. The functioning of Islamic Economy is performed strictly in the framework of Islamic Law. Thus the teaching of Islamic Economy is done in parallel in two parts: the Islamic Law and Classical economy. The development of correct understanding and interpretation of Islam through educational activities in the field of education and science is one of the attempts to implement Islamic economic principles in Russia.