The Relation of Fiqh, Law and Islamic Economics

Economics and law are two sciences of the humanities that werent apart from each other before 18th century. Economics became a separate science by developing experimental methodology and its domination on economics and appeared without attention to law and legal institutions. Old and new institutionalism advent and proposing cost and transaction law helped to their convergence. On the other hand the exploitation of economics method for analyzing law and regulations to propose a new interdisciplinary called law and economics in recent decades. Islamic economics is the connection of Fiqh, Islamic law, and economics. It should consider the law framework of economic activity to select accurate law or the theory among different diligences which the economic consequences of legal theory has been studied beside lawful evidence for selecting efficient theory. This essay shows that Islamic Fiqh is a basis for economic school, a climate for growing economics and pillars for settlement the Islamic economic system. Imagining these two sciences apart each other is inconsistence in Islamic literature either in theory or practice because Islamic economics is real.