Author: M. Kabir Hassan Publisher: Edward Elgar Publishing ISBN: 1783479825 Category : Religion Languages : en Pages : 736
Book Description
øHandbook on Islam and Economic Life is a unique study, one of the first of its kind to consider Islam within a broader economic sphere. Covering a wide breadth of topics and research, it explores how Islam impinges upon and seeks to shape major aspect
Author: M. Kabir Hassan Publisher: Edward Elgar Publishing ISBN: 1784710733 Category : Business & Economics Languages : en Pages : 736
Book Description
In Islamic jurisprudence, a comprehensive ethic has been formulated governing how business and commerce should be run, how accountability to God and the community is to be achieved, and how banking and finance is to be arranged. This Handbook examines how well these values are translated into actual performance. It explores whether those holding true to the system are hindered and put at a disadvantage or whether the Islamic institutions have been able to demonstrate that faith-based activities can be rewarding, both economically and spiritually.
Author: Zamir Iqbal Publisher: Walter de Gruyter GmbH & Co KG ISBN: 3110587920 Category : Business & Economics Languages : en Pages : 723
Book Description
This handbook offers a unique and original collection of analytical studies in Islamic economics and finance, and constitutes a humble addition to the literature on new economic thinking and global finance. The growing risks stemming from higher debt, slower growth, and limited room for policy maneuver raise concerns about the ability and propensity of modern economies to find effective solutions to chronic problems. It is important to understand the structural roots of inherent imbalance, persistence-in-error patterns, policy and governance failures, as well as moral and ethical failures. Admittedly, finance and economics have their own failures, with abstract theory bearing little relation with the real economy, uncertainties and vicissitudes of economic life. Economic research has certainly become more empirical despite, or perhaps because of, the lack of guidance from theory. The analytics of Islamic economics and finance may not differ from standard frameworks, methods, and techniques used in conventional economics, but may offer new perspectives on the making of financial crises, nature of credit cycles, roots of financial system instability, and determinants of income disparities. The focus is placed on the logical coherence of Islamic economics and finance, properties of Islamic capital markets, workings of Islamic banking, pricing of Islamic financial instruments, and limits of debt financing, fiscal stimulus and conventional monetary policies, inter alia. Readers with investment, regulatory, and academic interests will find the body of analytical evidence to span many areas of economic inquiry, refuting thereby the false argument that given its religious tenets, Islamic economics is intrinsically narrative, descriptive and not amenable to testable implications. Thus, the handbook may contribute toward a redefinition of a dismal science in search for an elusive balance between rationality, ethics and morality, and toward a remodeling of economies based on risk sharing and prosperity for all humanity
Author: Abbas Mirakhor Publisher: Walter de Gruyter GmbH & Co KG ISBN: 3110593416 Category : Business & Economics Languages : en Pages : 648
Book Description
Since the financial crisis of 2007/2008, a renewed discussion on the ethics and finance is being examined from different dimensions – finance for good society, responsible finance, ethical finance, financial crimes, and financial repression. The principal objective of this Handbook on Ethics of Islamic Economics and Finance is to provide a deeper understanding of the ethical underpinning of Islamic economics and finance. The reader will notice that the Handbook reflects a diversity of views on the subject of economic and business ethics in Islam across the intellectual spectrum of Muslim thought over the globe. Handbook attempts to find answers to some questions concerning the definition and characteristics of the ethical system in Islam. What is its goal and how do its rules and practices ensure welfare for individuals and society? Are the moral principles universal and invariable or do they change and adapt with the social changes of communities and progress in science and technology? Is the present generation accountable for the welfare of future generations? Where is the boundary between law and ethics and who guarantees their adoption and implementation?
Author: Muhammad Akram Khan Publisher: International Institute of Islamic Thought (IIIT) ISBN: Category : Economics Languages : en Pages : 178
Book Description
The contemporary economic systems have failed to solve the economic problems of mankind. The failure. of socialism is too o.bvious to need any documentation. The track record of capitalism is far from being promising. Although a small minority has achieved unprecedentlY high material standards of living, a vast majority lives under conditions of abject PovertY. The problems of unemployment, inflation, poverty amidst affluence, unequal distribution of wealth, frequent bouts of business recession, environmental pollution and ecological imbalance still bedevil man's present life and threaten his future. The present book contends that the Islamic economic order has the potential of ushering in an age of human bliss; and the resources to build a free, just and responsible world for everyone on the earth.
Author: Monzer Kahf Publisher: Createspace Independent Publishing Platform ISBN: 9781512312065 Category : Banks and banking Languages : en Pages : 296
Book Description
Notes on Islamic Economics: Theories and InstitutionsIn this book I present the basic theories and the institutional set up of Islamic economics. It consists of chapters one through eleven. Chapters one and two attempt to answer the questions of 'what is Islamic Economics' and 'why we need to study it', they also discuss issues of definition, scope, sources of knowledge and relevance. The third chapter deals with the basic values and ethical questions of Islamic economics both as a branch of science and as a study of the Islamic economic system. It briefly studies ethical values which affect economic behaviour of men and women like of efficiency, performance, self-reliance, perfection and benevolence. Chapter four discusses the fundamental institutional setup of the Islamic economic system. It argues that the Islamic institutional set up is based on nine pillars which are: 1) Property rights, 2) Exchange and contracts, 3) Economic freedom, 4) Market structure, 5) Wealth and income, 6) State of law, 7) Economic activity of the state, 8) Internal ethical monitor, and 9) Mercy and caring. The next two chapters are devoted to the discussion of the position and place of the state and the private sector in the system and the interrelations between them. The main argument of these chapters is that while the Islamic system adores private ownership and economic freedom, it assigns an important role to the state, in all its branches, and charges it with important functions including the management of public properties and natural resources, which may be huge under certain circumstances. Islamic theories of consumer behavior and producer behavior are discussed in chapters seven and eight. The basic theorem of these two chapters is that human beings are not one dimensional. They rather have a benevolent facet of their behaviors which is present both in the consumers and the firms as well. The analysis in these two chapters tries to take this behavioral element into consideration. Chapter nine revisits the market and deals with the structure of prices at the micro level. It argues that the market reforms introduced by the Prophet, pbuh, himself were very exemplary in setting the desired structure for the market on the basis of fair play of market forces of demand and supply without elements of injustice which may come from monopoly, financial power, unethical practices by some actors or insufficient power of enforcement of exchange contracts. At the same time the Islamic market structure does not assume conditions of perfect competition. The last two chapters are devoted to discussing the effect of market structure on the factors of production and on the allocation process of resources. They also discuss regulations in the market and their extent and effects.In this book as in the other three books of this series, I deal with the fundamental issues of Islamic economics and finance in a realistic yet innovative manner while observing fundamental relations, ties and inspiration from the basic sources of the Islamic religion and its Shari'ah rulings; the Qur'an and the Sunnah.
Author: Taha Eğri Publisher: ISBN: 9781443874564 Category : Economics Languages : en Pages : 244
Book Description
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, it diverges from this position, and the contributions it could make to economic theory are overlooked as Islamic financial instruments become widespread. Although there are various conceptualizations, such as "the economy of Islam," "the Islamic economy," "Islamic economics," "Islamic finance," and so on, it has become difficult to clarify these ideas with regards to the intention with which these concepts are used, their points of reference, and the kind of power they have. This book approaches the historical course of the debate on Islamic economics and its current effects on the modern conceptual world. It brings together papers which emphasize this concept from a number of different perspectives, in order to lay down a firm foundation for contemporary socio-economic issues, and for the legacy of the Islamic tradition.
Author: Necmettin Kizilkaya Publisher: Routledge ISBN: 1000732444 Category : Business & Economics Languages : en Pages : 295
Book Description
In its pursuit to equip the reader with a basic knowledge of Islamic economics, this book divulges the micro-foundations of the discipline, and highlights the predominant schools of thought that exist in the field. It explains, in simple terms, what Islamic economics entails and how it can be studied as a science in relation to the Holy Quran, the Sunnah and the Islamic intellectual tradition based on these two sources. The book familiarizes the reader with knowledge of the basic maxims of the discipline. It then establishes the arguments that are presented by the proponents of religion-based economics, specifically Islam, and apprises readers about the aforementioned schools as they exist. A number of chapters consider the dimension of the dilemmas the discipline is facing, and the chronological progress of the field is reviewed, hence providing a comprehensive overview of the topic. The book deals with the issues about the origins of Islamic economics, the basic methodological questions, the use of the opportunities offered by fiqh in the methodological discussions and the main problems arising from the encounter with other cultures and civilizations. It offers practical solutions, despite the differing schools of thought, not unlike the development of conventional Economics where radical differences between Keynesian, Classical and Monetarist approaches existed. It concludes by incorporating some of the finest works that explain to the reader how Islamic economics may progress as a discipline. This guide will provide both students and researchers in Comparative Economic Studies, Islamic Economics and Islamic Finance with an essential overview of the field.
Author: Jaan S. Islam Publisher: Taylor & Francis ISBN: 1000592812 Category : Religion Languages : en Pages : 290
Book Description
"Proto-Salafist" 14th-century theologian Ibn Taymiyya is recognized as the intellectual forefather of contemporary Salafism and Jihadism. This volume offers a unique approach to the study of Ibn Taymiyya, by offering an English translation of his fundamental political treatise, The Office of Islamic Government, and shorter collections from The Collected Fatwas and The Prophetic Way, and Islamic Governance in Reconciling between the Ruler and the Ruled. The volume not only sheds light on these primary sources through translation and annotation, but also offers a theoretical analysis of Ibn Taymiyya’s thought and how his legal views can be reconciled with current trends in Islamic political theory. The analysis provides an overview of Ibn Taymiyya’s geopolitical context, and includes an original study of his normative political thought. In examining the contemporary implications of Ibn Taymiyya’s political theology, the authors explore his doctrine of the Islamic state in the context of Islamic decolonial theory. Islam and the State in Ibn Taymiyya will appeal to academics in the fields of political science and religious studies, particularly within the field of Islamic history.
Author: M. Kabir Hassan
Author: M. Kabir Hassan
Author: Zamir Iqbal
Author: Muhammad Sirajul Haq
Author: Abbas Mirakhor
Author: Muhammad Akram Khan
Author: Monzer Kahf
Author: Taha Eğri
Author: Necmettin Kizilkaya
Author: Jaan S. Islam