The Principles of Islamic Political Economy


Book Description

This book examines the methodological development of the principles of Islamic political economy in its theoretical and applied aspects. This is carried out in a general equilibrium framework using the theory of social choice. Thus a comparative study is also undertaken here in these areas while developing the theory of Islamic political economy. In these respects this book appears to be the first one of its kind.




The Foundations of Islamic Political Economy


Book Description

This rigorously written book on the areas of Islamic principle theory and application is expected to break new ground in modern economic analysis, both for the Islamically inclined and others. The main features of the book include analytical treatments of the essential axioms and instruments of Islamic Political Economy, their expected application, and a comparative perspective both in respect to contemporary Islamic literature as well as comparative economic theory.




Studies in Islamic Political Science


Book Description

There has been a great revival of interest in recent years in the concerns of Islamic political economy after several hundred years of hiatus in its long history. The independence of Muslim countries and the revival of Islamic movements around the world have been among the factors encouraging new interest among the Muslims and others in how economies and economic theory can be brought into line with the Islamic vision of a just society. Masudul Alam Choudhury shows that the contribution which Islamic political economy can make requires a study first of epistemological principles, about the purpose and sources of knowledge, the role of reason and the relationship between self-and social-interest in human affairs. The conclusions which arise from this analysis - about the role and limits of markets, the goal of combining efficiency and equity and the means of doing so with state provision of welfare everywhere in crisis - will prove illuminating to all of those interested in Islamic studies and political economy as well as to other observers and analysts of contemporary society.




Islam and the Everyday World


Book Description

This is a new examination of how Shari’a law affects public policy both theoretically and in practice, across a wide range of public policy areas, including for example human rights and family law. The process by which public policy is decided - through elections, debates, political processes, and political discourse - has an additional dimension in the Islamic world. This is because Shari'a (divine law) has a great deal to say on many mundane matters of everyday life and must be taken into account in matters of public policy. In addition, matters are complicated further by the fact that there are differing interpretations of the Shari'a and how it should be applied to contemporary social issues. Written by leading experts in their field, this is the first comprehensive single volume analysis of Islam and public policy in the English language and offers further understanding of Islam and its wider social and political implications.




Introduction to Islamic Economics


Book Description

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.




First Principles of Islamic Economics


Book Description

A collection of major writings on Islamic economics by Abu'l A'la Mawdudi (1903-79), one of the leading Muslim intellectuals of the twentieth century.







Political Economy of Islam


Book Description

Political economy of Islam is the study of an Islamic government's internal and external political functions to establish an economic order in conformity with Islamic tenets aimed at improving the economic welfare of an Islamic country. This goal has been in conflict with the U.S. economic interests in the oil producing Islamic countries. Within the context of his academic analysis of this subject, the author makes an assessment of critical political games played by the U.S. and Islamists. With clarity, Seid Zekavat delineates the U.S. predicament and cautions both sides that militant terrorism severely damages Islam and the U.S. practice of military invasions and change of governments are bound to fail in bringing long-term solutions to Islamic resurgent issues.




Studies in Islamic Science and Polity


Book Description

There has been a great revival of interest in recent years in the concerns of Islamic political economy after several hundred years of hiatus in its long history. The independence of Muslim countries and the revival of Islamic movements around the world have been among the factors encouraging new interest among the Muslims and others in how economies and economic theory can be brought into line with the Islamic vision of a just society. This text attempts to show that the contribution which Islamic political economy can make requires a study first of epistemological principles, about the purpose and sources of knowledge, the role of reason and the relationship between self and social interest in human affairs. The conclusions which arise from this analysis about the role and limits of markets, the goal of combining efficiency and equity and the means of doing so with state provision of welfare everywhere in crisis will prove illuminating all of those interested in Islamic studies and political economy as well as to other observers and analysts of contemporary society.




Islam and Politics


Book Description

What does an authentic Islamic government look like and how does it operate? In this concise but wide-ranging book the renowned scholar Mufti Muhammad Taqi Usmani provides an authoritative survey of the guidance given by the canonical Islamic sources in matters of politics. In six chapters he examines the role and conduct of politics and political activity in Islam in the light of the Qur’ān and the Prophetic Sunnah; guidelines for the process of forming a government; rules and procedures for running a government; the Islamic injunctions concerning defence and foreign policy; and the circumstances in which it may become permissible to remove a ruler or government from office. The book is rounded off with two articles by the same author, on political affairs with specific reference to Pakistan. Islam and Politics is essential reading for those seeking a readable and reliable account of the basic teachings of Islam concerning politics and government. Mufti Muhammad Taqi Usmani is one of the world’s most prominent scholars of the Islamic sciences and former Justice of the High Court of Pakistan. Born at Deoband, India, in 1943, he studied with leading ‘ulamā’ in Karachi and elsewhere. His main fields of expertise are Hadith, jurisprudence, Sufism, and economics. Mufti Usmani has published numerous books and articles, in Urdu, Arabic and English, on these and other aspects of Islamic studies