Contribution of Islamic Thought to Modern Economics (Vol. 2)
Contribution of Islamic Thought to Modern Economics (Vol. 2)

Author: Misbah Oreibi

Publisher: International Institute of Islamic Thought (IIIT)

Published: 1998-01-01

Total Pages: 269

ISBN-13: 1565645316

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Muslim countries are facing serious problems in managing their economic life. Their inherited colonial ways of achieving economic aims are in basic contradiction to certain aspects of Islamic values and intended economic goals. Thus, it is imperative for Muslim countries endeavoring to escape underdevelopment and social injustice to turn to Islamic teaching and the Islamic way of harnessing human potentials to improve economic conditions and ascertain the necessary requirement for effective economic development.Islamic economics, as developed by Muslim jurists and social scientists (fuqaha'), needs to be recast in modern terms and developed further to deal with complex realities of the modern society. This book is one step on the long march to Islamizing the science of economics. It contains a selection of papers from the proceedings of the economic conference held in Cairo in 1988. These papers are a valuable contribution to the cause of modernizing Islamic economics.

History of Islamic Economic Thought
History of Islamic Economic Thought

Author: Abdul Azim Islahi

Publisher: Edward Elgar Publishing

Published: 2014-12-31

Total Pages: 134

ISBN-13: 1784711381

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This unique book highlights the contributions made by Muslim scholars to economic thought throughout history, a topic that has received relatively little attention in mainstream economics. Abdul Azim Islahi discusses various ways in which Muslim ideas

Towards a Just Monetary System
Towards a Just Monetary System

Author: M. Umer Chapra

Publisher: International Institute of Islamic Thought (IIIT)

Published: 1985

Total Pages: 19

ISBN-13: 0860371476

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Towards a Just Monetary System is the first comprehensive study of the goals, nature and operations of the monetary system of Islam, which has justice as one of its most indispensable objectives.For most people, including some Muslims, an interest-free economy is a mystery. Hence a number of questions are asked. Has Islam really prohibited interest and, if so, what is the purpose behind this? Can an economy run without interest? What will be the impact on resource allocation, savings and capital formation, economic stability and growth? Dr. Chapra takes the mystery out of the subject by answering these and a number of other questions by means of a thorough economic analysis. While he shows the rationale behind the prohibition of interest and the strengths of a purely equity-based Islamic economy, he also indicated the problems and gives a realistic proposal for solving them. Dr. Chapra also elaborates the changes that must be introduced in the nature and operations of commercial and central banks: the auxiliary institutions which must be established, and the new tools of monetary policy that must be developed to enable the Islamic money and banking system to function effectively. He however warns that the abolition of interest is not the only value of Islam and unless it is political institutions of Muslim countries, their economies cannot be transformed and socio-economic justice as well as a whole range of other important goals of Islam cannot be realized. This calls for a gradual transformation, but with a total commitment.The Islamic Foundation is an educational and research organization developed to make Islam a living reality in our age. For this purpose, it aims at improving human communication and developing a better understanding of Islam among all people of the world, Muslim and non-Muslim, so as to galvanize man to the message and ideal of One God and the unity of mankind. As brought by all Prophets of God throughout the ages, last of whom was the Prophet Muhammad (blessings of Allah and peace be upon him). An important aspect of the foundation’s multifarious activities is the publication of literature of Islam.

Muslim Contributions to World Civilization
Muslim Contributions to World Civilization

Author: M. Basheer Ahmed

Publisher: International Institute of Islamic Thought (IIIT)

Published: 2005-01-01

Total Pages: 174

ISBN-13: 1565644107

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The brilliant contributions of Islam to science, art, and culture, are a timeless and precious heritage, which should be historically preserved for future generations. The great achievements of Muslim scholars are rarely if at all acknowledged in formal education, and today their identity, origins and impact remain largely obscure. This collection of papers aims to give readers a brief introduction to the intellectual history of Muslims and the contributions that eminent Muslim scholars have made in certain specific fields of knowledge including basic and applied physical and biological sciences, medicine, legal and political theories and practices, economic and financial concepts, models, and institutions, etc.

Economic Development and Islamic Finance
Economic Development and Islamic Finance

Author: Zamir Iqbal

Publisher: World Bank Publications

Published: 2013-08-05

Total Pages: 376

ISBN-13: 0821399535

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Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.

Islam and the Economic Challenge
Islam and the Economic Challenge

Author: M. Umer Chapra

Publisher: International Institute of Islamic Thought (IIIT)

Published: 1992

Total Pages: 91

ISBN-13: 0860372170

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What kind of economic policy package do Islamic teachings imply? This book seeks to answer this and other related questions.

Islamic Economics
Islamic Economics

Author: Ahmed El-Ashker

Publisher: BRILL

Published: 2006-10-01

Total Pages: 467

ISBN-13: 9047409620

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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.

The Long Divergence
The Long Divergence

Author: Timur Kuran

Publisher: Princeton University Press

Published: 2012-11-11

Total Pages: 422

ISBN-13: 1400836018

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How religious barriers stalled capitalism in the Middle East In the year 1000, the economy of the Middle East was at least as advanced as that of Europe. But by 1800, the region had fallen dramatically behind—in living standards, technology, and economic institutions. In short, the Middle East had failed to modernize economically as the West surged ahead. What caused this long divergence? And why does the Middle East remain drastically underdeveloped compared to the West? In The Long Divergence, one of the world's leading experts on Islamic economic institutions and the economy of the Middle East provides a new answer to these long-debated questions. Timur Kuran argues that what slowed the economic development of the Middle East was not colonialism or geography, still less Muslim attitudes or some incompatibility between Islam and capitalism. Rather, starting around the tenth century, Islamic legal institutions, which had benefitted the Middle Eastern economy in the early centuries of Islam, began to act as a drag on development by slowing or blocking the emergence of central features of modern economic life—including private capital accumulation, corporations, large-scale production, and impersonal exchange. By the nineteenth century, modern economic institutions began to be transplanted to the Middle East, but its economy has not caught up. And there is no quick fix today. Low trust, rampant corruption, and weak civil societies—all characteristic of the region's economies today and all legacies of its economic history—will take generations to overcome. The Long Divergence opens up a frank and honest debate on a crucial issue that even some of the most ardent secularists in the Muslim world have hesitated to discuss.

Training Guide for Islamic Workers
Training Guide for Islamic Workers

Author: Hisham Altalib

Publisher: Internationsl Institute of Islamic Thought (IIIT)

Published: 2001-01-01

Total Pages: 436

ISBN-13: 0912463899

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Now more than ever before, Muslim young men and women need to improve not only their personal skills but also their group performance. This Guide presents easy-to-follow instructions which can be used by those who desire to acquire these skills. This Guide focuses on the training needs of Muslim young men and women by providing the experience acquired by Muslim leaders over the last several decades. Thus, the new generation of leaders will be able to start from where their leaders left off, rather than having to duplicate their predecessors’ successes and/or failures. Using a simple Do’s and Don’t’s format, this Guide enables the user to optimize his/her understanding of the art and science of da’wah and how it can be applied in today’s world. Like genius, leadership entails harder work for the one who was born without this skill. It is to such people that this Guide is addressed. We are confident that, with the help of Allah, the user will be able to make a quantum leap forward in the areas of growth and improvement through the proper use of the methods outlined in this Guide. Over time, there will be noticeable improvements in the areas of concepts, management, administration, and communication as well as the skills needed for conducting camps, conferences, and meetings. This Guide is supplemented by suggested workbooks which will lead to an even deeper understanding of the skills needed for successful leaders.