Economic Guidelines in the Quran
Economic Guidelines in the Quran

Author: Syed Muhammad Hasan-uz-Zaman

Publisher: International Institute of Islamic Thought (IIIT)

Published: 1999

Total Pages: 412

ISBN-13: 1565640934

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In its bid to provide a sound, healthy and balanced orientation to human life, Islam accords rightful importance to all aspects of human activity including the economic. Significantly enough, Islam exhibits no trace of that unwarranted spiritual exuberance that would prompt it to look upon wealth contemptuously as too profane to deserve its due attention. On the contrary, it declares that God has made wealth a support for men (Qur’an 4:5), which clearly reflects Islam’s recognition of the importance of economic resources for man’s well-being. The present book is addressed to the needs of the economists who are interested in having access to the guidelines that the Qur’an can offer them in the field of their concerns. Since a majority of economists is not proficient in Arabic, it is hoped that the present work, being in English, will be of substantial help to them. While preparing this work the author has kept in view the major economic subjects and their sub-classifications. He also attempted to derive and identify not only the essential economic principles expounded in the Qur’an, but also the norms of economic behavior and the principles that could guide and regulate the functioning of economic institutions in an Islamic state.

The Economic System in Islam
The Economic System in Islam

Author: Taqī al-Dīn Nabhānī

Publisher:

Published: 2002

Total Pages: 312

ISBN-13:

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This Book Explains The Islamic View Of The Economy And Its Objective, How To Own Property And Increase It, Hoe To Spend And Dispose Of It, How To Distribute The Wealth Amongst The Citizens In Society And How To Establish A Balance Within It. It Its Credit, Has Created Amongst Muslims A Great Awareness Of The Economic System In Islam. Contents Covers- 1. Introduction To Economic System, 2. Economy, 3. Types Of Ownership- Private Ownership, 4. The First Means Of Ownership: Work (`Amal), 5. The Work Of The Employee, 6. The Second Means Of Ownership, 7. The Third Means Of Ownership, 8. The Fourth Means Of Ownership, 9. The Fifth Means Of Ownership, 10. The Way To Dispose Of Property, 11. Trading And Manufacturing, 12. The Laws Of Partnership (Companies), 13. Capitalist Companies, 14. The Prohibited Methods Of Increasing Ownership, 15. Right Of Disposal To Spend In Gifts And Maintenance, 16. Public Property (Al-Milkiyyah Al-Ammah), 17. State Property, 18. Nationalised Property Is Neither Public Nor State Property, 19. Secluding (Hima) The Public Benefits/Utilities, 20.Bfactories, 21. Bait Ul Mal (The State Treasury), 22. Distributing Wealth Among The Peoplpe, 23. Riba And Currency Exchange, 24. Money/Currencies (An-Nuqood), 25. Foreign Trade

Ideal Islamic Economy
Ideal Islamic Economy

Author: Abbas Mirakhor

Publisher: Springer

Published: 2017-08-11

Total Pages: 266

ISBN-13: 1137537272

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This book provides an introduction to the vision of an economic system based completely on the Holy Qur’an—a system defined as a collection of institutions, representing rules of behavior, prescribed by Allah for humans, and the traditions of the Messenger. The authors argue that the main reason for the economic underperformance of Muslim countries and their economies has been non-compliance with the prescribed rules of behavior. Rule non-compliance has been chiefly due to the failure of Muslims to comprehend the Metaframework of the Qur’an and the Archetype Model of the Prophet Mohammad and interpret them in ways compatible with their own generation and time. Askari and Mirakhor believe these rules (institutions), properly adapted to prevailing conditions present what they consider as an ideal economic system.

The Economic System of Islam
The Economic System of Islam

Author: Mirza Bashir-ud-Din Mahmud Ahmad

Publisher: Islam International Publications Ltd

Published: 2013-06-01

Total Pages: 162

ISBN-13: 1848800894

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The Economic System of Islam, is an English version of a lecture delivered in Urdu by Hazrat Mirza Bashir-ud-Din Mahmud Ahmad, the Second Khalifah Head of the Ahmadiyya Muslim Community to a gathering of academia in Lahore, Pakistan, in 1945. The book presents a detailed account of the teachings of Islam regarding the system of economics. It demonstrates that economic system of Islam is placed within the broader teachings of Islam, with the objective of attaining the pleasure of Allah and everlasting bliss in the Hereafter. It provides for a healthy and progressive society in which the basic needs of all are met, and incentives for achieving excellence are provided, with due regard to justice and fair play. The lecture then makes a critical evaluation of the economic aspects of Communism. It provides ample evidence that Communism has failed in its pretensions of promoting justice and equality both within its own borders and in international affairs. It brings out serious objections against Communism from a religious point of view, and cites three prophecies about the decline of Communism.

Handbook of Ethics of Islamic Economics and Finance
Handbook of Ethics of Islamic Economics and Finance

Author: Abbas Mirakhor

Publisher: Walter de Gruyter GmbH & Co KG

Published: 2020-04-20

Total Pages: 648

ISBN-13: 3110593416

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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?

Introduction to Islamic Economics
Introduction to Islamic Economics

Author: Hossein Askari

Publisher: John Wiley & Sons

Published: 2015-02-16

Total Pages: 416

ISBN-13: 1118732960

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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.

Islamic Economics
Islamic Economics

Author: Taha Eğri

Publisher: Cambridge Scholars Publishing

Published: 2015-06-18

Total Pages: 255

ISBN-13: 1443879207

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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 the Path to Human and Economic Development
Islam and the Path to Human and Economic Development

Author: A. Mirakhor

Publisher: Springer

Published: 2010-08-18

Total Pages: 404

ISBN-13: 0230110010

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This book briefly surveys the evolution of the Western concept of development, recognizing the wider dimensions of human and economic development and the role of institutions and rules, which has moved toward the vision and the path of development envisaged in Islam.