There is a deep research gap in the Islamic economy in three aspects:
1- Islamic Economics Research does not meet the contemporary needs of modern institutions and companies.
2. Most of the results of research are not practical and can not be useful to societies.
3. Many governments of Islamic countries do not seek to benefit from the results of such researches.
Dear Prof. Hattab,
We have done substantial amount of research we believe in extending the efficiency properties of stock market string theory based actions to include three dimensional embedding of mining for example into physical*economic*financial by our econophysics field theory and further added two dimensions of information*energy efficiency by first systems classifying and then systems integrating by using string matching field theory particle physics quantum mechanics and genetic algorithms. This new field of String Theory Econophysics can be studied for e.g . from our paper on "The String Theory and Econophysics of Coal Mining" on www.researchgate.net/profile/Soumitra_Mallick. Since a sustantial part of Islamic Economics and Physics is concerned with mining and also coal mining in some countries like Indonesia or Egypt with Stock Exchanges as Public Systems. If you would like to you can take a look at some of my papers for insights.
Soumitra K. Mallick (CA)
for Soumitra K. Mallick, Somak Raychaudhury, Sandipan Mallick,
of the RHMHM School,
USA, Japan, India.
Dear Hattab
hi
I think that Islamic economics gives importance to the real economy. This is a very important issue for all economies. We must explain and try to implement it by institutionalizing and behaving
3. Many governments of Islamic countries do not seek to benefit from the results of such researches.
I believe that the existence of this methodology is important because the methodology is based on reaching the legal provisions for economic topics and developments such as economic issues related to zakat, riba, expenses, income and legal provisions of transactions, securities, leasing, agency, bail, pledge and deposit, as well as legal provisions for developments in the fields of stocks, bonds and financial markets. I don‘t think there are any precise solutions that can bridge this gap!
I believe in system-building based on the teachings of Islam. We need to provide a context for behavioral adjustment in accordance with Islamic teachings. This requires interdisciplinary activities.We must strive to achieve the Islamic economic system. We need to have economic education commensurate with Islamic teachings.