Lecture 2

More than ten different definitions of Islamic Economics, some of which conflict with others, are available in the literature. The object of this paper is to offer a new definition of what Islamic Economics is, and to explain its implications. This definition is broader than the others, and offers room to fit all of the others into its folds, just as the different aspects of the elephant all fit into one big picture.

Final version is attached with the name RedefiningIE01.doc.