1st Edition

Islamic Economics Theory and Practice

By Abul Hassan, M.A. Choudhury Copyright 2019
356 Pages 35 B/W Illustrations
by Routledge

356 Pages 35 B/W Illustrations
by Routledge

356 Pages 35 B/W Illustrations
by Routledge

This book is a comprehensive study, which provides informed knowledge within the field of Islamic economics. The authors lay down the principal philosophical foundation of a unique and universal theory of Islamic economics by contrasting it with the perspectives of mainstream economics. The methodological part of the theory of Islamic economics arises from the ethical foundations of the Qur'an... Read more

Preface; Acknowledgements; Glossary of Arabic terms; 1 How to study Islamic economics as science in reference to the Qur’an and the Sunnah; 2 Ethics in Islamic economics; 3 Islamic economic methodology; 4 The Scope of Islamic economics; 5 The formulation of the Islamic economic model; 6 Islamic participatory instruments and the ethical dimensions; 7 The dual theories of consumer behaviour and markets; 8 Dual theories of the firm; 9 Macroeconomic theory in mainstream and Islamic economic perspectives; 10 Monetary, financial, and real economy issues in Islamic economics and comparative perspectives; 11 Fiscal policy in Islamic economy; 12 Theory of taxation in Islamic economy; 13 Public finance in Islam; 14 Mobilization of resources for Islamic economic development; 15 Development goals and strategies in Islamic economy; 16 Conclusion: What have we learnt? Quo vadis?; Index

Biography

Abul Hassan is a Research Scientist II/Associate Professor in Finance and Economics at the CRE-IBF, Research Institute, King Fahd University of Petroleum and Minerals, Dhahran, Saudi Arabia.

M.A. Choudhury is a Professor in Economics at the Department of Shariah and Economics, Academy of Islamic Studies, University of Malay, Malaysia.

"As a whole, Islamic Economics: Theory and Practice is an interesting read and would be of great value to students, academics and general readers." - M. I. Bagsiraj