Islam and Economics: A Primer on Markets, Morality, and Justice is an introductory text to rediscover the principles of commerce and economics revealed in the Qur’an, espoused by the Sunnah (practices of the Prophet Muhammad), and understood by the jurists. Islam offers three moral principles of economic organization: ownership, wealth creation, and wealth circulation. Based on these principles, Islam and Economics derives a framework of operational institutional tenents for the economic organization of a society. It addresses all important business, policy, and equity issues that any economic system should resolve and broadens the discussion on the modern discipline of ‘Islamic economics’.
Islam and Economics: A Primer on Markets, Morality, and Justice
ALI SALMAN is the founder and Executive Director of Policy Research Institute of Market Economy (PRIME), an independent economic policy think tank in Islamabad, Pakistan.
SIRD (First published, 2024)
xxxiv + 123 pages including Index
RM35.00
In stock
Foreword
Introduction
1. Islam, Markets, Morality, and Justice
2. Principles of the Islamic Economic Framework
Principle of Ownership
Principle of Wealth Creation
Principle of Wealth Circulation
3. Institutional Tenets of the Islamic Economic Framework
Price Freedom
Free Trade
Market Regulations
Gold, Fiat Currency, and Central Banking
Riba and an Islamic Alternative
Islamic Fiscal Policy
Waqf—Social Protection of People by People
Law of Inheritance
4. Islamic Economic Framework: Historical Romance or Practical Prescription?
Appendix 1: Evolution of Islamic Economics
Appendix 2: Islam and Capitalism—Mawdudi Revisited
Bibliography
| Weight | 0.14 kg |
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| Dimensions | 21.5 × 13.9 × 1 cm |
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| Publisher | Strategic Information and Research Development Centre (SIRD) |
| Year Published |
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