Studies in Islamic Economics A Selection of Papers presented to The First International Conference on Islamic Economics, held at Makka, under the auspices of King Abdul Aziz University, Jeddah, February 21-26, 1976 (Safar 21-26, 1396 H.)

• Corporate Authors: International Conference on Islamic Economics, Jamiat al-Malik Abd al-Aziz
• Other Authors: Ahmad, Khurshid (Editor)
• Format: Book
• Language: English
• Published: United Kingdom The Islamic Foundation 1980
• Subjects: Economics > Congresses > Religious aspects > Islam
• Online Access: Click Here to View Status and Holdings.
• Physical Description: xxiii, 390 pages illustrations 22 cm
• Bibliography: Includes bibliographical references and index
• ISBN: 0860370666; 0860370674

Contemporary Islamic resurgence is neither a transient political articulation of militant Islam nor simply an angry outburst against Western nations. On the contrary, it heralds the Muslims' positive and creative response to the ideological challenge of Western civilisation, which is based on man's total independence of any framework of divine guidance. Muslims today are striving to rediscover the true meaning of Islam and to find ways and means of translating Islamic principles into socio-economic reality. The nascent social discipline of Islamic Economics represents one such creative response from Muslim economists and 'Ulama'. Islamic Economics represents a new approach to the study of the economic problems of man. The scope of Islamic Economics is wider and its approach radically different from that of general economics. It aims at reconstructing the entire framework of economic analysis and policy on alternate foundations, affirming that life is an organic whole, that man has a moral personality, and that a social science cannot be value-neutral. Studies in Islamic Economics contains some aspects of contemporary Muslim thinking representative of this new approach. Professional economists with deep insight into Islam deal with a number of outstanding theoretical and practical issues on the relevance of Islam to Economics. The fields of study specifically explored include : Theory of Consumption and Consumer Behaviour; Money, Interest and Qiraij (profit sharing); Interest-Free Banking; Efficiency of an Interest-Free Economy; Fiscal Policy and Zakat, Islamic Welfare State; and Economic Development in an Islamic Framework. Furthermore, two comprehensive surveys present an overall picture of the growth of Islamic Economics as an independent discipline.