This valuable work presents Ibn Taimiyah's thoughts on the concept of Islamic economics, the state in the economy, on public finance, money, interest, prices, partnership, and profit-sharing, and offers a comparison of his ideas with those of some medieval scholars in Europe, along with a study of his influence on Islamic thinkers in later periods.
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
The Mediterranean Tradition in Economic Thought surveys the legacy of thinking on economic affairs from the countries in the Mediterraean basin over four millenia. It considers the economic content of the scriptures of the Mesopotamian civilisations, Pharaonic Egypt and the Biblical peoples and the contributions of the Greeks and Romans, and their influence on Islamic civilisation and on the Medieval scholastics. The flowering of the school of Salamanca as recently as the seventeenth century demonstrates how long-lived the tradition was, and throughout Baeck demonstrates how these ideas continue to survive and resurface, citing the renewed interest in the ethical dimension of economics, the revival of interest in the history of Islamic thought, and the re-emergence of Slavophile doctrines in contemporary Russian.
The labor market in Islam is governed by the Islamic laws of fairness, justice, and reward that is equivalent to the job done. Most of the literature in the field discusses the normative aspect of the labor market, whereas few attempts can be seen to address more positive aspects. There is a need for new theoretical and empirical models for the Islamic labor market, which should differ from established approaches. This book provides a comprehensive overview of the nature, scope, and dimensions of the labor market in an Islamic context, from both theoretical and practical perspectives. It presents and discusses labor economics and then compares the similarities and differences between conventional and Islamic views of the labor market, explaining where they meet, and critically justifying why they differ, under the umbrella of Shari'ah. The book raises pertinent issues, which it analyzes from both standpoints and widens the discourse to include norms, morality, and related institutions such as social security and welfare. A unique feature of the book is that it examines labor economics practices among a specific group of countries, and studies the labor conditions within these countries, where the majority of the population follow the teachings of Islam in their daily lives. The book proposes practical strategies for the development of new models for the Islamic labor market which are compatible with the modern world. The book will enable academics and practitioners of Islamic economics to make economic sense of Shari'ah compliance and human resource development.
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.
Ibn Taymiyyah is one of the best-known figures of medieval Islam. He has also been seen as the initiator of the idea of reformation in the Muslim world in the 13th century. His views on many social problems of his age reflect a pragmatic orientation, and in consequence his impact on succeeding generations has been profound. Though there are some studies of Ibn Taymiyyah’s life and works, they have failed to focus adequately on his jihād and baghy concepts and theories. Therefore, this book aims to: • contribute to the study of early Islamic political thought • consider how the terms jihād and baghy have developed and been expanded from the structure established by the Qur’an and hadith • examine the relationship between jihād and baghy in Islamic law • reveal the pivotal role of the imām in politics • explain why Ibn Taymiyyah upheld jihād against the Mongols, the Franks and the heretic Shi‘ah Referring to all those discussions, this book undoubtedly is an essential text for those who are interested in understanding the relationship between Ibn Taymiyyah’s concepts of jihād and baghy. Universiti Sains Malaysia, Penerbit Universiti Sains Malaysia
The paper analyzes the bearing of Islamic teachings on the conduct of fiscal policy. It is shown that Islamic teachings do not prescribe any rigid system of public finance. The major emphasis is on the state’s responsibility to assure at least a basic minimum standard of living for all citizens. The paper deals with issues related to evolution of fiscal policies best suited to achieve this and other Islamic socio-economic objectives in the specific framework of Islamic teachings. The implications of such a system for growth, monetary stability, resource allocation, and pattern of income distribution are also examined.
In this lecture, Dr. Umer Chapra has explained both the subject matter of Islamic economics as well as its methodology in his usual masterly fashion. He has also presented a comparative perspective for solving the eternal economic problem: He has explained how the Islamic economics paradigm deals with this problem and allocates the scarce resources among their alternative uses in such a way that human well-being is maximized without sacrificing social objectives.
