Revisiting Islamic Economics

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Revisiting Islamic Economics

Author : Nabil El Maghrebi
Publisher : Palgrave Macmillan
ISBN 13 : 9783031411335
Total Pages : 0 pages
Book Rating : 4.4/5 (113 download)

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Book Synopsis Revisiting Islamic Economics by : Nabil El Maghrebi

Download or read book Revisiting Islamic Economics written by Nabil El Maghrebi and published by Palgrave Macmillan. This book was released on 2023-10-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the need for a paradigm shift from Islamic economics universe of discourse to Iqtisād, a socio-economic system that is entirely independent from other economic doctrines and systems of thought. It provides an overview of critiques of the science and dogma of mainstream, orthodox, neoclassical, or simply Economics, with its axioms of rationality, scarcity, and unlimited wants. There is also a critical analysis of Islamic economics, and its failures to set its own policy agenda and development objectives. Our contention in this book is that Iqtisād--the Qur’an’s vision of how the economy is to be arranged—provides such a paradigm with a radically different philosophical foundation from that of Economics to the point that makes grafting one onto the other Impossible. Iqtisād offers a genuine and authentic Islamic paradigm with unique etymological and philosophical foundations. It is a unique system that derives its organizing principles from the principal source of the Quran, rather than Economics. The logical coherence of its immutable system of rules compliance, institutional structures, and risk-sharing relations provides the foundations for economic dynamism, financial stability, and shared prosperity. It ensures that resources are efficiently managed, poverty is eradicated, income and wealth mal-distributions are corrected, and the internal sources of economic injustices gripping human societies are eliminated. The Impossibility Theorem proposed in this book implies that, metaphysically, ontologically, epistemologically, axiologically, and teleologically, the two polar cases of Iqtisād and Economics are so radically different to rule out any grafting of one onto the other in order to present an intermediate paradigm with a synthetic discipline called Islamic economics. Given its multidisciplinary contents, this book will be of interest to a wide audience, including economists, policymakers, philosophers, theologians, and jurists, and can guide also free-thinking readers to a clarity of understanding about the conditions of humanity and the imperative of change with a sincerity of purpose and coherence in knowledge.

The Making of Islamic Economic Thought

Author : Sami Al-Daghistani
Publisher : Cambridge University Press
ISBN 13 : 1108997546
Total Pages : 337 pages
Book Rating : 4.1/5 (89 download)

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Book Synopsis The Making of Islamic Economic Thought by : Sami Al-Daghistani

Download or read book The Making of Islamic Economic Thought written by Sami Al-Daghistani and published by Cambridge University Press. This book was released on 2022-01-06 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interrogating the development and conceptual framework of economic thought in the Islamic tradition pertaining to ethical, philosophical, and theological ideas, this book provides a critique of modern Islamic economics as a hybrid economic system. From the outset, Sami Al-Daghistani is concerned with the polyvalent methodology of studying the phenomenon of Islamic economic thought as a human science in that it nurtures a complex plentitude of meanings and interpretations associated with the moral self. By studying legal scholars, theologians, and Sufis in the classical period, Al-Daghistani looks at economic thought in the context of Sharī'a's moral law. Alongside critiquing modern developments of Islamic economics, he puts forward an idea for a plural epistemology of Islam's moral economy, which advocates for a multifaceted hermeneutical reading of the subject in light of a moral law, embedded in a particular cosmology of human relationality, metaphysical intelligibility, and economic subjectivity.

Revisiting Islamic Economics

Author : Nabil El Maghrebi
Publisher : Springer Nature
ISBN 13 : 303141134X
Total Pages : 392 pages
Book Rating : 4.0/5 (314 download)

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Book Synopsis Revisiting Islamic Economics by : Nabil El Maghrebi

Download or read book Revisiting Islamic Economics written by Nabil El Maghrebi and published by Springer Nature. This book was released on 2024-01-21 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the need for a paradigm shift from Islamic economics universe of discourse to Iqtisād, a socio-economic system that is entirely independent from other economic doctrines and systems of thought. It provides an overview of critiques of the science and dogma of mainstream, orthodox, neoclassical, or simply Economics, with its axioms of rationality, scarcity, and unlimited wants. There is also a critical analysis of Islamic economics, and its failures to set its own policy agenda and development objectives. Our contention in this book is that Iqtisād--the Qur’an’s vision of how the economy is to be arranged—provides such a paradigm with a radically different philosophical foundation from that of Economics to the point that makes grafting one onto the other Impossible. Iqtisād offers a genuine and authentic Islamic paradigm with unique etymological and philosophical foundations. It is a unique system that derives its organizing principles from the principal source of the Quran, rather than Economics. The logical coherence of its immutable system of rules compliance, institutional structures, and risk-sharing relations provides the foundations for economic dynamism, financial stability, and shared prosperity. It ensures that resources are efficiently managed, poverty is eradicated, income and wealth mal-distributions are corrected, and the internal sources of economic injustices gripping human societies are eliminated. The Impossibility Theorem proposed in this book implies that, metaphysically, ontologically, epistemologically, axiologically, and teleologically, the two polar cases of Iqtisād and Economics are so radically different to rule out any grafting of one onto the other in order to present an intermediate paradigm with a synthetic discipline called Islamic economics. Given its multidisciplinary contents, this book will be of interest to a wide audience, including economists, policymakers, philosophers, theologians, and jurists, and can guide also free-thinking readers to a clarity of understanding about the conditions of humanity and the imperative of change with a sincerity of purpose and coherence in knowledge.

Islamic Economics

Author : Taha Eğri
Publisher : Cambridge Scholars Publishing
ISBN 13 : 1443879207
Total Pages : 255 pages
Book Rating : 4.4/5 (438 download)

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Book Synopsis Islamic Economics by : Taha Eğri

Download or read book Islamic Economics written by Taha Eğri and published by Cambridge Scholars Publishing. This book was released on 2015-06-18 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies conducted in the field of Islamic economics lose their relevance over time. Works examining Islamic economics since the 1970s have been co-opted by the existing economic system and have become limited to a large extent, as they are now only concerned with financial transactions. In fact, ""Islamic economics"" as a concept should actually be conceptualized as an alternative economic system. However, because of the financial and commercial transactions implemented in daily economic life ...

Islam and Mammon

Author : Timur Kuran
Publisher : Princeton University Press
ISBN 13 : 0691126291
Total Pages : 215 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Islam and Mammon by : Timur Kuran

Download or read book Islam and Mammon written by Timur Kuran and published by Princeton University Press. This book was released on 2004 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic impact of Islamism -- Islamic economics and the Islamic subeconomy -- Islamism and economics : policy prescriptions for a free society -- The genesis of Islamic economics : a chapter in the politics of Muslim identity -- The notion of economic justice in contemporary Islamic thought -- Islam and underdevelopment : an old puzzle revisited.

Islam, Economics, and Society (RLE Politics of Islam)

Author : Syed Nawab Haider Naqvi
Publisher : Routledge
ISBN 13 : 1134609493
Total Pages : 172 pages
Book Rating : 4.1/5 (346 download)

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Book Synopsis Islam, Economics, and Society (RLE Politics of Islam) by : Syed Nawab Haider Naqvi

Download or read book Islam, Economics, and Society (RLE Politics of Islam) written by Syed Nawab Haider Naqvi and published by Routledge. This book was released on 2013-07-24 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Islamic perception of the socio-economic process is dynamic and its insistence on social justice is uncompromising. To produce the best social structure, according to this view, man’s economic endeavours should be motivated by a meaningful moral philosophy. In the face of the challenges presented by the modern world, the practice of Islamic economics raises many complex and profound issues. These are addressed in this highly important work, which must be considered essential reading for all those who live in the vision of the ‘right’. First published in 1994.

Interest Rate and Intertemporal Efficiency in an Islamic Economy

Author : Masudul Alam Choudhury
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (831 download)

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Book Synopsis Interest Rate and Intertemporal Efficiency in an Islamic Economy by : Masudul Alam Choudhury

Download or read book Interest Rate and Intertemporal Efficiency in an Islamic Economy written by Masudul Alam Choudhury and published by . This book was released on 1981* with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Social Justice and Islamic Economics

Author : Toseef Azid
Publisher : Routledge
ISBN 13 : 1351364553
Total Pages : 210 pages
Book Rating : 4.3/5 (513 download)

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Book Synopsis Social Justice and Islamic Economics by : Toseef Azid

Download or read book Social Justice and Islamic Economics written by Toseef Azid and published by Routledge. This book was released on 2019-02-25 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under the rule of the current economic order, social injustice is ever-increasing. Issues such as poverty, inhumane working conditions, inadequate wages, social insecurity and an unhealthy labor market continue to persist. Many states are also unable to produce policies capable of resolving these problems. The characteristics of the capitalist system currently render it unable to provide social justice. In fact, on the contrary, the system reinforces these injustices and prevents economic and social welfare from reaching the masses. Many Muslim scholars have analyzed and, indeed, criticized this system for years. This book argues that an alternative and more equitable theoretical and practical economical order can been developed within the framework of Islamic principles. On the other hand, the experiences of societies under the rule of Muslim governments do not always seem to hold great promise for an alternative understanding of social justice. In addition, the behaviors of Muslim individuals within their economic lives are mostly shaped by the necessities of daily economic conditions rather than by the tenets of Islam that stand with social justice. Until 1990s, studies of Islamic economics made connections between finance and the notion of social justice, but work conducted more recently has neglected this issue. It is therefore evident that the topic of social justice needs to be revisited in a more in-depth manner. Filling an important gap in existing literature, the book uniquely connects social justice and Islamic finance and economics on this topic. Theory, practice and key issues are presented simultaneously throughout this book, which is based on the writings of a number of eminent scholars.

Introduction to Islamic Economics

Author : Hossein Askari
Publisher : John Wiley & Sons
ISBN 13 : 1118732960
Total Pages : 416 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis Introduction to Islamic Economics by : Hossein Askari

Download or read book Introduction to Islamic Economics written by Hossein Askari and published by John Wiley & Sons. This book was released on 2015-02-16 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gain deeper insight into the principles and theory of Islamic economics Introduction to Islamic Economics: Theory and Application provides an overview of the organizing principles and fundamentals of an Islamic economy. With deep discussion of the characteristics, rationale, key institutions, objectives, and instruments at work, the book addresses the core economic principles underlying a system based on the foundational teachings of Islam, and examines the implications for economic policies. Social welfare, economic justice, market functionality, efficiency, and equity are explored from an Islamic perspective, and the role and instruments of fiscal and monetary policy in Islamic systems are used to illustrate contemporary applications. Universities around the globe are offering courses on Islamic economics and finance, but despite the industry's rapid growth, most research has been focused on the financial principles rather than underlying economic principles. The first book of its kind, Introduction to Islamic Economics brings all the key concepts together into one reference volume. By outlining the ways in which Islamic finance and Islamic economics interrelate, this book can help readers to: Develop an understanding of the Islamic economic system and its institutional scaffolding Differentiate between the major characteristics of the dominant conventional economy and one based on the fundamental sources of Islam Understand the conditions that must be met for a just, well-balanced, stable, and growing economy Clarify the role of State, public policy, and risk-sharing in the Islamic financial system The Islamic financial system is expanding quickly, and those looking to increase their relevance in a changing economic landscape must get up to speed. Introduction to Islamic Economics provides a comprehensive overview of underlying economic system offering a deeper understanding of the feature of the system. This book is an excellent complement to Introduction to Islamic Finance, 2E by Iqbal and Mirakhor.

Research Anthology on Religious Impacts on Society

Author : Management Association, Information Resources
Publisher : IGI Global
ISBN 13 : 1799834360
Total Pages : 825 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Research Anthology on Religious Impacts on Society by : Management Association, Information Resources

Download or read book Research Anthology on Religious Impacts on Society written by Management Association, Information Resources and published by IGI Global. This book was released on 2020-07-21 with total page 825 pages. Available in PDF, EPUB and Kindle. Book excerpt: Religion is considered by many to be something of the past, but it has a lasting hold in society and influences people across many cultures. This integration of spirituality causes numerous impacts across various aspects of modern life. The variety of religious institutions in modern society necessitates a focus on diversity and inclusiveness in the interactions between organizations of different religions, cultures, and viewpoints. Research Anthology on Religious Impacts on Society examines the cultural, sociological, economic, and philosophical effects of religion on modern society and human behavior. Highlighting a range of topics such as religious values, social reforms, and spirituality, this publication is an ideal reference source for religious officials, church leaders, psychologists, sociologists, professionals, researchers, academicians, and students.

Notes on Islamic Economics

Author : Monzer Kahf
Publisher : Al Manhal
ISBN 13 :
Total Pages : 308 pages
Book Rating : 4.5/5 (1 download)

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Book Synopsis Notes on Islamic Economics by : Monzer Kahf

Download or read book Notes on Islamic Economics written by Monzer Kahf and published by Al Manhal. This book was released on 2014-01-01 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: ``This is the one he wrote ````a series of notes about the Islamic economy```` consists of 11 chapters, and revolves around, Islamic Economics, What is it and what is it for? .. Further Notes on Definition and Methodology of Islamic Economics.. The Role of Values, Ethics and Culture in Economics .. Institutional Structure of the Islamic Economic System ..Economic Role of State in Islam .. The Role and Importance of the Private Sector .. The Demand Side or Consumer Behaviour Theory .. Supply Side or Producer Behaviour .. The Institution of Market .. Institutional Guidelines of Market Regulation..Allocation of output to factors of production and the implicit ``

The Making of Islamic Economic Thought

Author : Sami Al-Daghistani
Publisher : Cambridge University Press
ISBN 13 : 1108845754
Total Pages : 337 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis The Making of Islamic Economic Thought by : Sami Al-Daghistani

Enhancing Financial Inclusion through Islamic Finance, Volume I

Author : Abdelrahman Elzahi Saaid Ali
Publisher : Springer Nature
ISBN 13 : 3030399354
Total Pages : 262 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Enhancing Financial Inclusion through Islamic Finance, Volume I by : Abdelrahman Elzahi Saaid Ali

Download or read book Enhancing Financial Inclusion through Islamic Finance, Volume I written by Abdelrahman Elzahi Saaid Ali and published by Springer Nature. This book was released on 2020-07-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, the first of two volumes, highlights the concept of financial inclusion from the Islamic perspective. An important element of the Sustainable Development Goals (SDGs), financial inclusion has been given significant prominence in reform and development agendas proposed by the United Nations and G-20. The significance of Islamic financial inclusion goes beyond improved access to finance to encompass enhanced access to savings and risk mitigation products, as well as social inclusion that allows individuals and companies to engage more actively in the real economy. It represents one of the important drivers of economic growth. Gender disparity exists within financial access and its extent varies widely across world economies. South Asia, the Middle East and North Africa have the largest gender gaps, with women in these regions being forty per cent less likely than men to have a formal account at a financial institution. Analysing how Islamic financial inclusion can empower individuals, this volume explores the contribution of Islamic microfinance in achieving SDGs and solving income and wealth inequality. Comprising a combination of empirical evidence, theory and modelling, this edited collection illustrates how to improve access to finance, making it essential reading for those researching both Islamic finance and development finance.

Economics of an Islamic Economy

Author : Rauf A. Azhar
Publisher : BRILL
ISBN 13 : 9004179372
Total Pages : 486 pages
Book Rating : 4.0/5 (41 download)

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Book Synopsis Economics of an Islamic Economy by : Rauf A. Azhar

Download or read book Economics of an Islamic Economy written by Rauf A. Azhar and published by BRILL. This book was released on 2010 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book challenges the interventionist stance of Islamic economics as well as its presumption that "riba" equals interest. An Islamic economy, it argues, is essentially a market economy, but it differs from capitalist economies because both its institutions and the structure of, for example, property rights are specifically Islamic, deriving from Qur n and other sources of Islamic law. The book also focuses on the similarities and differences between "riba" and interest, establishes the often neglected connection between the two, and explores the ramifications of this connection for Islamic financial systems.

'The Genesis of Islamic Economics' Revisited

Author : Abdul Azim Islahi
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis 'The Genesis of Islamic Economics' Revisited by : Abdul Azim Islahi

Download or read book 'The Genesis of Islamic Economics' Revisited written by Abdul Azim Islahi and published by . This book was released on 2018 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present paper is an attempt to correct Timur Kuran on various issues related to the genesis of Islamic economics. It demonstrates that "Islamic economics" is not a product of twentieth century. The term may be new but its origins go back to early period of Islam. Its evolution up to the present state of a distinguished discipline can be divided into six distinct phases. The paper argues that the modern Islamic economics was never a sectarian subject. Nor was it developed for Muslims' identity and protection purpose. Scholars of different regions and of diverse affiliations promoted it and its propounders aimed at the well-being of all.

Islamic Economics

Author : Ahmed Abdel-Fattah El-Ashker
Publisher : Themes in Islamic Studies
ISBN 13 :
Total Pages : 480 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Islamic Economics by : Ahmed Abdel-Fattah El-Ashker

Download or read book Islamic Economics written by Ahmed Abdel-Fattah El-Ashker and published by Themes in Islamic Studies. This book was released on 2006 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive survey of Islamic economic thought covers the development of ideas from the early Muslim jurists to the period of the Umayyads and Abbasids. The economic concerns of the Ottomans, Safawids and Moghuls are examined, as is the profusion of more recent writing.

First Principles of Islamic Economics

Author : Sayyid Abul A'la Mawdudi
Publisher : Kube Publishing Ltd
ISBN 13 : 0860375315
Total Pages : 335 pages
Book Rating : 4.8/5 (63 download)

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Book Synopsis First Principles of Islamic Economics by : Sayyid Abul A'la Mawdudi

Download or read book First Principles of Islamic Economics written by Sayyid Abul A'la Mawdudi and published by Kube Publishing Ltd. This book was released on 2013-05-23 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abul A'la Mawdudi laid down the foundations of modern Islamic economics. Drawing upon Islamic sources, Mawdudi spelled out a new paradigm for economic analysis and policy, wherein economic pursuits take place in the context of moral values and are directed towards the achievement of personal and social objectives. Integral to this approach is the concept of an interest-free economy that attempts to make efficiency and equity inseparable and interdependent. The creation and distribution of wealth thus become instrumental in promoting individual and social wellbeing, opening up pathways to development, social justice, and human welfare. This comprehensive anthology collects all of his major writings and provides a historic as well as an essential introduction to Islamic economics. Abul A'la Mawdudi (1903-1979) was a leading Muslim intellectual and a chief architect of the Islamic revival in the twentieth century. In 1941 he founded Jama'at-i-Islami, a political party in Pakistan, which he led until 1972. He authored more than a hundred works on Islam, both popular and scholarly, and his writings have been translated into some forty languages.