A candid
and honest appraisal of Islamic intellectual history will no doubt reveal how much
this tradition has been influenced by the surrounding intellectual milieu. But for
over-zealous adherents who claim to ‘purify’ the entire tradition from any external
accretions, to return the religion as it were to its pristine purity unadulterated
by any ‘outside’ influences, the whole religion must be kept strictly self-referential.
That means all that savors of Islam must be identifiable back to the Qur’an (and
Sunnah) alone. If indeed there are elements of, say, Greek, Hellenistic, Hindu,
Jewish or Christian origins in the tradition, this must be replaced with an entire
system based squarely on the Qur’an. In doing so, what the so-called ‘reformists’
have done, unbeknownst to them, is to replace a system of intellectual inquiry made
up of hundreds, if not thousands of learned men and women, with a new-born ‘system’
born of the narrow confines of their own ego.
When we say that the market should be restrained by ethical norms we don’t by default mean that the state should carry that responsibility. Critics typically take as axiomatic that the market is the root of all evil that any instance of irregularity, deficiency or oppressive practices that occur in commercial contexts is taken to warrant immediate outside intervention; and by that is often meant the state. Such an assumption about the market seriously underestimates the possibility of the market itself in restraining its own excesses. The misplaced emphasis on developing measures external to the market to rectify the latter’s shortcomings has only the result of treating the symptom rather than the real disease.
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