Islamic Economics: A Short History

islamic economic renaissance 363 tries share some similarities but have a few distinct differences. The similarity is mainly tha ...

364 chapter nine right of the state, or non-obligatory, where Zakàh is left to individuals to pay to beneficiaries voluntarily. ...

islamic economic renaissance 365 interested reader may wish to refer to bibliographical sources in Siddiqi (1980), Khan (1991) a ...

366 chapter nine still relevant to contemporary life, but indeed it required innovation in financial instruments and banking sys ...

islamic economic renaissance 367 Naggar tells us about the Mit-Ghamre Bank in the upper Egypt’s village of Mit-Ghamre where he i ...

368 chapter nine are based in effect on the rate of interest. Also, in Islamic banking operations other than Murabaha, the same ...

islamic economic renaissance 369 The difference between the researchers into the Islamic fiscal pol- icy came when taxation was ...

370 chapter nine absence of interest the real value of loan when returned would not have been compensated by any means if the va ...

islamic economic renaissance 371 may be used to influence the allocation of resources. Profit-Loss- Sharing ratios in the Islami ...

372 chapter nine prices if necessary, fighting monopoly and promoting competition, interference in the labour market with a view ...

islamic economic renaissance 373 book is instructive and educational to those wanting to learn about the subject in a comprehens ...

374 chapter nine Free will gives man the freedom of choice. But Naqvi wishes to emphasise that the human freedom applies to both ...

islamic economic renaissance 375 wealth. Collectivization or nationalization, whatever the term might be, boils down to limiting ...

376 chapter nine or thirteenth century. The jurists al-Shaibànì(750–804), and Abù- Hamid al-Ghazàli (1058–1111 A.D.), whom we ci ...

islamic economic renaissance 377 dations. Refinements include activities and goods that go beyond the limits of convenience and ...

378 chapter nine al-Shatibi, Khan classifies these needs as: life, property (wealth), faith (religion), intellect (mind) and pos ...

islamic economic renaissance 379 (1) While the former have a set of ethical values that are not nec- essarily religious, the lat ...

380 chapter nine Insurance Insurance has been of interest to Islamic economists and Sharì"ah scholars for two main reasons: its ...

islamic economic renaissance 381 While al-Zarqa accepts that it is only normal that companies would be driven by profit motivati ...

382 chapter nine (2) Promotion of multinational Islamic investment ventures among Muslim countries, (3) Promotion of Islamic ban ...