Revisiting Islamic Economics

Author : Nabil El Maghrebi,Abbas Mirakhor,Tarık Akın,Zamir Iqbal
Publisher : Springer Nature
Page : 392 pages
File Size : 46,8 Mb
Release : 2024-01-21
Category : Business & Economics
ISBN : 9783031411342

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Revisiting Islamic Economics by Nabil El Maghrebi,Abbas Mirakhor,Tarık Akın,Zamir Iqbal Pdf

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.

Author : Ayesha Bhatti,Saad Azmat
Publisher : Routledge
Page : 112 pages
File Size : 51,8 Mb
Release : 2018-12-12
Category : Business & Economics
ISBN : 9781317064084

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Rethinking Islamic Finance by Ayesha Bhatti,Saad Azmat Pdf

Islamic finance’s phenomenal growth owes to the Shariah compliant nature of its financial instruments. Shariah forbids the charging of interest (Riba) and instead promulgates risk-sharing and trade-based modes of financing. The Islamic financial industry has been subject to both critique and admiration. Critics argue that Islamic instruments (bearing debt-based structures) differ from their conventional counterparts only in legal lexicon and not in economic impact. The admirers argue that such instruments, irrespective of wider economic implications, rigorously comply with ‘juristically sound’ Islamic principles. This book aims to reconcile the above dispute. It argues that the financial impact of instruments is a consequence of the way they are priced and structured. The similarity in pricing and structures is an outcome not of the underlying Islamic financial modes but of the competitive environment in which Islamic instruments compete. Even risk-sharing and trade-based Islamic structures, if implemented in such an environment, would have a financial impact similar to that of conventional instruments. This book has a wider appeal for both academic and non-academic audiences. It can complement undergraduate and graduate courses as an additional reading on the intricacies of Islamic financial instruments and markets. For PhD students, it would help identify future research areas. To non-academics, it offers a deeper understanding regarding the working of the Islamic finance industry.

Author : Muhammad Abdul Mannan
Publisher : Unknown
Page : 428 pages
File Size : 50,6 Mb
Release : 1970
Category : Business & Economics
ISBN : UOM:39015060486613

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Islamic Economics: Theory and Practice by Muhammad Abdul Mannan Pdf

Author : Sami Al-Daghistani
Publisher : Cambridge University Press
Page : 337 pages
File Size : 54,5 Mb
Release : 2022-01-06
Category : Business & Economics
ISBN : 9781108845755

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The Making of Islamic Economic Thought by Sami Al-Daghistani Pdf

A historical analysis of economic thought in Islamic tradition which interrogates contemporary Islamic economics as a hybrid system.

Author : Syed Nawab Haider Naqvi
Publisher : Routledge
Page : 216 pages
File Size : 46,5 Mb
Release : 1994
Category : Business & Economics
ISBN : UOM:39015032530134

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Islam, Economics, and Society by Syed Nawab Haider Naqvi Pdf

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'.

Author : Abdelrahman Elzahi Saaid Ali,Khalifa Mohamed Ali,Muhammad Khaleequzzaman
Publisher : Springer Nature
Page : 262 pages
File Size : 54,8 Mb
Release : 2020-07-01
Category : Business & Economics
ISBN : 9783030399351

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Enhancing Financial Inclusion through Islamic Finance, Volume I by Abdelrahman Elzahi Saaid Ali,Khalifa Mohamed Ali,Muhammad Khaleequzzaman Pdf

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.

Author : Taha Eğri,Necmettin Kizilkaya
Publisher : Cambridge Scholars Publishing
Page : 255 pages
File Size : 49,9 Mb
Release : 2015-06-18
Category : Business & Economics
ISBN : 9781443879200

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Islamic Economics by Taha Eğri,Necmettin Kizilkaya Pdf

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 ...

Author : Timur Kuran
Publisher : Princeton University Press
Page : 215 pages
File Size : 51,6 Mb
Release : 2010-12-16
Category : Business & Economics
ISBN : 9781400837359

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Islam and Mammon by Timur Kuran Pdf

The doctrine of "Islamic economics" entered debates over the social role of Islam in the mid-twentieth century. Since then it has pursued the goal of restructuring economies according to perceived Islamic teachings. Beyond its most visible practical achievement--the establishment of Islamic banks meant to avoid interest--it has promoted Islamic norms of economic behavior and founded redistribution systems modeled after early Islamic fiscal practices. In this bold and timely critique, Timur Kuran argues that the doctrine of Islamic economics is simplistic, incoherent, and largely irrelevant to present economic challenges. Observing that few Muslims take it seriously, he also finds that its practical applications have had no discernible effects on efficiency, growth, or poverty reduction. Why, then, has Islamic economics enjoyed any appeal at all? Kuran's answer is that the real purpose of Islamic economics has not been economic improvement but cultivation of a distinct Islamic identity to resist cultural globalization. The Islamic subeconomies that have sprung up across the Islamic world are commonly viewed as manifestations of Islamic economics. In reality, Kuran demonstrates, they emerged to meet the economic aspirations of socially marginalized groups. The Islamic enterprises that form these subeconomies provide advancement opportunities to the disadvantaged. By enhancing interpersonal trust, they also facilitate intragroup transactions. These findings raise the question of whether there exist links between Islam and economic performance. Exploring these links in relation to the long-unsettled question of why the Islamic world became underdeveloped, Kuran identifies several pertinent social mechanisms, some beneficial to economic development, others harmful.

Author : Management Association, Information Resources
Publisher : IGI Global
Page : 825 pages
File Size : 43,6 Mb
Release : 2020-07-21
Category : Social Science
ISBN : 9781799834366

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Research Anthology on Religious Impacts on Society by Management Association, Information Resources Pdf

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.

Author : Toseef Azid,Lutfi Sunar
Publisher : Routledge
Page : 240 pages
File Size : 46,7 Mb
Release : 2019-02-25
Category : Business & Economics
ISBN : 9781351364546

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Social Justice and Islamic Economics by Toseef Azid,Lutfi Sunar Pdf

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.

Author : Carl W. Ernst,Richard C. Martin
Publisher : Univ of South Carolina Press
Page : 344 pages
File Size : 51,8 Mb
Release : 2012-11-27
Category : Religion
ISBN : 9781611172317

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Rethinking Islamic Studies by Carl W. Ernst,Richard C. Martin Pdf

Rethinking Islamic Studies upends scholarly roadblocks in post-Orientalist discourse within contemporary Islamic studies and carves fresh inroads toward a robust new understanding of the discipline, one that includes religious studies and other politically infused fields of inquiry. Editors Carl W. Ernst and Richard C. Martin, along with a distinguished group of scholars, map the trajectory of the study of Islam and offer innovative approaches to the theoretical and methodological frameworks that have traditionally dominated the field. In the volume's first section the contributors reexamine the underlying notions of modernity in the East and West and allow for the possibility of multiple and incongruent modernities. This opens a discussion of fundamentalism as a manifestation of the tensions of modernity in Muslim cultures. The second section addresses the volatile character of Islamic religious identity as expressed in religious and political movements at national and local levels. In the third section, contributors focus on Muslim communities in Asia and examine the formation of religious models and concepts as they appear in this region. This study concludes with an afterword by accomplished Islamic studies scholar Bruce B. Lawrence reflecting on the evolution of this post-Orientalist approach to Islam and placing the volume within existing and emerging scholarship. Rethinking Islamic Studies offers original perspectives for the discipline, each utilizing the tools of modern academic inquiry, to help illuminate contemporary incarnations of Islam for a growing audience of those invested in a sharper understanding of the Muslim world.

Author : Shahpari, Hasan
Publisher : IGI Global
Page : 372 pages
File Size : 40,9 Mb
Release : 2016-01-12
Category : Business & Economics
ISBN : 9781466697324

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Islamic Economy and Social Mobility: Cultural and Religious Considerations by Shahpari, Hasan Pdf

In an era of globalization and cross-cultural awareness, an interest in the relationship between economics and religion, politics, and social behavior is alive and well. In particular, the Islamic economy has become a focal point of interest for economists and government leaders around the world interested in understanding the relationship between religion and economics among primarily Islamic regions. Islamic Economy and Social Mobility: Cultural and Religious Considerations analyzes the social, cultural, religious, and political implications of the Islamic economy at the global level. Highlighting the foundations upon which Islamic ideology is formed and how it impacts socio-cultural and economic systems both within and outside of primarily Islamic regions, this publication is an ideal reference source for economists, sociologists, international relations professionals, researchers, academics, and graduate-level students.

Author : Özgür Ünal Eriş,Ahmet Salih İkiz
Publisher : Cambridge Scholars Publishing
Page : 208 pages
File Size : 51,7 Mb
Release : 2018-07-27
Category : Political Science
ISBN : 9781527515437

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The Political Economy of Muslim Countries by Özgür Ünal Eriş,Ahmet Salih İkiz Pdf

The book looks in detail at the economic conditions of Muslim countries specifically, offering a thorough political analysis at the same time. It focuses on a broad range of economic factors and takes into consideration reports such as the World Development Index. It explores striking differences and similarities among carefully chosen Muslim countries. Mainly because of its broad use of different disciplines, it will be of interest to students of political science, economics and history.

Author : Sabrina Qiong Yu
Publisher : Edinburgh University Press
Page : 320 pages
File Size : 42,6 Mb
Release : 2017-04-13
Category : Biography & Autobiography
ISBN : 9781474404327

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Revisiting Star Studies by Sabrina Qiong Yu Pdf

Challenges traditional Hollywood-derived models of star studiesIs classical Hollywood stardom the last word on film stars? How do film stars function in non-Hollywood contexts, such as Bollywood, East Asia and Latin America, and what new developments has screen stardom undergone in recent years, both in Hollywood and elsewhere? Gathering together the most important new research on star studies, with case studies of stars from many different cultures, this diverse and dynamic collection looks at film stardom from new angles, challenging the received wisdom on the subject and raising important questions about image, performance, bodies, voices and fans in cultures across the globe. From Hollywood to Bollywood, from China to Italy, and from Poland to Mexico, this collection revisits the definitions and origins of star studies, and points the way forward to new ways of approaching the field.Key featuresFeatures cutting-edge research on stardom and fandom from a range of different cultures, contributed by a diverse and international range of scholarsGenerates new critical models that address non-Hollywood forms of stardom, as well as under-researched areas of stardom in Hollywood itselfRevisits the definitions of stars and star studies that are previously defined by the study of Hollywood stardom, then points the way forward to new ways of approaching the fieldLooks at stars/stardom within a new local/translocal model, to overcome the Hollywood-centrism inherent to the existing national/transnational modelBrings into light various types of previously unacknowledged star textsEmploys a dynamic inter-disciplinary approachContributorsGuy Austin, Newcastle UniversityLinda Berkvens, University of Sussex Pam Cook, University of Southampton Elisabetta Girelli, University of St Andrews Sarah Harman, Brunel UniversityStella Hockenhull, University of WolverhamptonLeon Hunt, Brunel University Kiranmayi Indraganti, Srishti Institute of Art, Design and TechnologyJaap Kooijman, University of AmsterdamMichael Lawrence, University of SussexAnna Malinowska, University of SilesiaLisa Purse, University of ReadingClarissa Smith, University of SunderlandNiamh Thornton, University of Liverpool Yiman Wang, University of California-Santa CruzSabrina Qiong Yu, Newcastle UniversityYingjin Zhang, University of California-San Diego

Author : Abdelrahman Elzahi Saaid Ali,Khalifa Mohamed Ali,Mohamed Hassan Azrag
Publisher : Springer Nature
Page : 393 pages
File Size : 40,8 Mb
Release : 2020-07-01
Category : Business & Economics
ISBN : 9783030399399

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Enhancing Financial Inclusion through Islamic Finance, Volume II by Abdelrahman Elzahi Saaid Ali,Khalifa Mohamed Ali,Mohamed Hassan Azrag Pdf

This book is the second of two volumes which highlight 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. This volume explores the financial risks associated with lending to low-income groups due to high poverty levels and the lack of collateralization mechanisms. The first book on the market to provide empirical evidence of Islamic microfinance, deposit insurance and micro-entrepreneurship through the analysis of models and country case studies, this edited collection will be of value to those researching development finance, financial inclusion and Islamic finance.