Browsing by Topic Islamic economics

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Showing results 1 to 10 of 76
  • economic_principles_islam_some_methodological_issues_saiful.pdf.jpg
  • Journal Article


  • Rosly, Saiful Azhar (1995)

  • This paper examines the nature of economic principles in Islam. Two types of economic principles are identified. The first type refers to the economic laws derived from revelation-based sources namely the Quran, Sunnah, Ijtihad and Ijma. The second type refers to economic lwas derived from reasoning and experience. The former is the economic system and the latter is economic theory. Both forms of economic laws are in harmony and have no basis for compartmentalization as there is no conflict between revelation and science in Islam. in theory building, it is shown that Quran based assumptions act as the linking mechanism in harmonizing revelation and science. As revelation is superior to reason and experience. Modification of economic models for empirical verification must not involve cha...

  • A_comparison_of_transactions_in_conventional_and_Islamic_economies_Mabid.pdf.jpg
  • Academic Proceeding


  • Mahmoud Al-Jarhi, Mabid Ali Mohamed (2000)

  • This paper compares the transactions costs in two economies, one conventional, the other Islamic. The conventional economy is characterized by borrowing to finance some current purchases, while the Islamic economy disallows interest-based lending and operates on the basis of universal banking that mixes commerce and commercial and investment banking. To finance current purchases, it provides customers with credit purchase agreements, which entail that the bank buy the commodities and assets from suppliers and resell them on credit to customers satisfying conditions of creditworthiness similar to those that conventional banks require for borrowers. The paper uses simple calculations to compare transactions costs in both economies. It argues that under competitive competition, credit purc...

  • review_Sudanese_socio-economic_development_problems_magda.pdf.jpg
  • Journal Article


  • Ismail Abdel Mohsin, Magda (2002)

  • The article gives an overall pictures of the present socio-economic problems of the Sudan. It argues that the government alone cannot handle the process ot the economic development, and that the rationale in the developed countries shows the importance of including the role of the people in the process of economic development either through the private sector, community development or through the non-profit sector.

  • essays_on_iqtisad_islamic_approach.pdf.jpg
  • Book


  • Hasani, Baqir; Mirakhor, Abbas (2003)

  • This book is a collection of essays on the concept of iqtisad, inspired by the path-breaking contribution of the late Imam As-Sayid Muhammad Baqir As-Sadr. It outlines the characteristics of the Islamic economic system, and presents an in-depth theoretical analysis of how a sound banking system can perfectly operate without utilizing interest as mechanism for allocating financial resources. Muslim contributions to economics, which have been ignored throughout the past centuries, are explained.

  • item.jpg
  • Chapter in Book


  • Cizakca, Murat (2006)

  • The tragic events in our post 9/11 world disguise the fact that Islam and the West have actually been in a symbiotic relationship over the very long period. Cross-cultural institutional borrowing has constituted a major component of this symbiosis. I intend to focus in this paper on the way these civilizations borrowed important economic institutions from each other. The paper will start with a brief theoretical model explaining the process of cross-cultural institutional borrowing. This will then be followed by an account of the economic institutions actually borrowed.

  • theory_profit_islamic_perspective_zubair.pdf.jpg
  • Journal Article


  • Hasan, Zubair (2008)

  • Islam prohibits interest but allows profit. It promotes trade as an occupation and regards profit as a bounty from God. Mainstream economics too revolves around the notion of profit. Price theory the core of economics cannot stand firm without the assumption of profit maximization. In the practical affairs of trade, industry and commerce no concept is more pivotal than profit. Yet profit has remained one of the most neglected subjects in economic theory. After Frank H. Knight's Risk Uncertainty and profit (1921) no exhaustive work on the subject appeared save contributions in the form of book chapters or journal articles. Writings on the topic in Islamic economics have been even scarcer.

  • islam_and_economic_development.pdf.jpg
  • Chapter in Book


  • Haneef, Mohamed Aslam; Osman, Jamil; Man, Zakariya; Ahmad, A. Khaliq; Md Saad, Norma; Danbatta, Bello Lawal (2008)

  • This chapter examines the role of Islam in the economic development of Malaysia, one of the most economically developed Muslim nations and one of the most successful in effecting Islamic institutional reforms.

  • 2008_oct_20_islamic_finance_future_trends_and_challenges_with_special_refence_to_the_role_of_regulators_alhabshi.pdf.jpg
  • Academic Presentation


  • Alhabshi, Syed Othman (2008-10-20)

  • Evolution of Islamic finance in the last decade. This decade has seen the rapid evolution of Islamic Finance resulting in the dramatic transformation of the industry. From being focused on retail financing to providing an extensive spectrum of financial products and services. From being focused on Muslim community to having an extended reach that serves the non-Muslim community.

  • 2008_nov_12_the_islamic_economic_challenge_alhabshi.pdf.jpg
  • Academic Presentation


  • Alhabshi, Syed Othman (2008-11-12)

  • The slides "The Islamic economic challenge" presented by presented by Prof. Datuk Dr. Syed Othman Alhabshi at the International Seminar of Managing Global Economy.

Browsing by Topic Islamic economics

Showing results 1 to 10 of 76
  • economic_principles_islam_some_methodological_issues_saiful.pdf.jpg
  • Journal Article


  • Rosly, Saiful Azhar (1995)

  • This paper examines the nature of economic principles in Islam. Two types of economic principles are identified. The first type refers to the economic laws derived from revelation-based sources namely the Quran, Sunnah, Ijtihad and Ijma. The second type refers to economic lwas derived from reasoning and experience. The former is the economic system and the latter is economic theory. Both forms of economic laws are in harmony and have no basis for compartmentalization as there is no conflict between revelation and science in Islam. in theory building, it is shown that Quran based assumptions act as the linking mechanism in harmonizing revelation and science. As revelation is superior to reason and experience. Modification of economic models for empirical verification must not involve cha...

  • A_comparison_of_transactions_in_conventional_and_Islamic_economies_Mabid.pdf.jpg
  • Academic Proceeding


  • Mahmoud Al-Jarhi, Mabid Ali Mohamed (2000)

  • This paper compares the transactions costs in two economies, one conventional, the other Islamic. The conventional economy is characterized by borrowing to finance some current purchases, while the Islamic economy disallows interest-based lending and operates on the basis of universal banking that mixes commerce and commercial and investment banking. To finance current purchases, it provides customers with credit purchase agreements, which entail that the bank buy the commodities and assets from suppliers and resell them on credit to customers satisfying conditions of creditworthiness similar to those that conventional banks require for borrowers. The paper uses simple calculations to compare transactions costs in both economies. It argues that under competitive competition, credit purc...

  • review_Sudanese_socio-economic_development_problems_magda.pdf.jpg
  • Journal Article


  • Ismail Abdel Mohsin, Magda (2002)

  • The article gives an overall pictures of the present socio-economic problems of the Sudan. It argues that the government alone cannot handle the process ot the economic development, and that the rationale in the developed countries shows the importance of including the role of the people in the process of economic development either through the private sector, community development or through the non-profit sector.

  • essays_on_iqtisad_islamic_approach.pdf.jpg
  • Book


  • Hasani, Baqir; Mirakhor, Abbas (2003)

  • This book is a collection of essays on the concept of iqtisad, inspired by the path-breaking contribution of the late Imam As-Sayid Muhammad Baqir As-Sadr. It outlines the characteristics of the Islamic economic system, and presents an in-depth theoretical analysis of how a sound banking system can perfectly operate without utilizing interest as mechanism for allocating financial resources. Muslim contributions to economics, which have been ignored throughout the past centuries, are explained.

  • item.jpg
  • Chapter in Book


  • Cizakca, Murat (2006)

  • The tragic events in our post 9/11 world disguise the fact that Islam and the West have actually been in a symbiotic relationship over the very long period. Cross-cultural institutional borrowing has constituted a major component of this symbiosis. I intend to focus in this paper on the way these civilizations borrowed important economic institutions from each other. The paper will start with a brief theoretical model explaining the process of cross-cultural institutional borrowing. This will then be followed by an account of the economic institutions actually borrowed.

  • theory_profit_islamic_perspective_zubair.pdf.jpg
  • Journal Article


  • Hasan, Zubair (2008)

  • Islam prohibits interest but allows profit. It promotes trade as an occupation and regards profit as a bounty from God. Mainstream economics too revolves around the notion of profit. Price theory the core of economics cannot stand firm without the assumption of profit maximization. In the practical affairs of trade, industry and commerce no concept is more pivotal than profit. Yet profit has remained one of the most neglected subjects in economic theory. After Frank H. Knight's Risk Uncertainty and profit (1921) no exhaustive work on the subject appeared save contributions in the form of book chapters or journal articles. Writings on the topic in Islamic economics have been even scarcer.

  • islam_and_economic_development.pdf.jpg
  • Chapter in Book


  • Haneef, Mohamed Aslam; Osman, Jamil; Man, Zakariya; Ahmad, A. Khaliq; Md Saad, Norma; Danbatta, Bello Lawal (2008)

  • This chapter examines the role of Islam in the economic development of Malaysia, one of the most economically developed Muslim nations and one of the most successful in effecting Islamic institutional reforms.

  • 2008_oct_20_islamic_finance_future_trends_and_challenges_with_special_refence_to_the_role_of_regulators_alhabshi.pdf.jpg
  • Academic Presentation


  • Alhabshi, Syed Othman (2008-10-20)

  • Evolution of Islamic finance in the last decade. This decade has seen the rapid evolution of Islamic Finance resulting in the dramatic transformation of the industry. From being focused on retail financing to providing an extensive spectrum of financial products and services. From being focused on Muslim community to having an extended reach that serves the non-Muslim community.

  • 2008_nov_12_the_islamic_economic_challenge_alhabshi.pdf.jpg
  • Academic Presentation


  • Alhabshi, Syed Othman (2008-11-12)

  • The slides "The Islamic economic challenge" presented by presented by Prof. Datuk Dr. Syed Othman Alhabshi at the International Seminar of Managing Global Economy.