By Monzer Kahf
In this publication I current the elemental theories and the institutional manage of Islamic economics. It comprises chapters one via 11. Chapters one and try to solution the questions of ‘what is Islamic Economics’ and ‘why we have to learn it’, in addition they speak about problems with definition, scope, assets of information and relevance. The 3rd bankruptcy offers with the elemental values and moral questions of Islamic economics either as a department of technology and as a examine of the Islamic economy. It in short reports moral values which have an effect on fiscal behaviour of guys and ladies like of potency, functionality, self-reliance, perfection and benevolence. bankruptcy 4 discusses the elemental institutional setup of the Islamic economy. It argues that the Islamic institutional manage is predicated on 9 pillars that are: 1) estate rights, 2) trade and contracts, three) fiscal freedom, four) industry constitution, five) Wealth and source of revenue, 6) nation of legislations, 7) fiscal job of the country, eight) inner moral visual display unit, and nine) Mercy and worrying. the following chapters are dedicated to the dialogue of the location and position of the kingdom and the non-public zone within the method and the interrelations among them. the most argument of those chapters is that whereas the Islamic approach adores inner most possession and monetary freedom, it assigns a tremendous function to the country, in all its branches, and fees it with very important features together with the administration of public homes and usual assets, that may be large lower than yes situations. Islamic theories of buyer habit and manufacturer habit are mentioned in chapters seven and 8. the elemental theorem of those chapters is that humans aren't one dimensional. They fairly have a benevolent part in their behaviors that's current either within the shoppers and the companies to boot. The research in those chapters attempts to take this behavioral point into account. bankruptcy 9 revisits the industry and bargains with the constitution of costs on the micro point. It argues that the marketplace reforms brought through the Prophet, pbuh, himself have been very exemplary in atmosphere the specified constitution for the industry at the foundation of reasonable play of marketplace forces of call for and provide with out parts of injustice that can come from monopoly, monetary strength, unethical practices through a few actors or inadequate strength of enforcement of trade contracts. while the Islamic marketplace constitution doesn't think stipulations of excellent pageant. The final chapters are dedicated to discussing the influence of marketplace constitution at the components of creation and at the allocation means of assets. additionally they speak about rules out there and their quantity and effects.
In this booklet as within the different 3 books of this sequence, I care for the elemental problems with Islamic economics and finance in a practical but leading edge demeanour whereas gazing primary relatives, ties and concept from the elemental resources of the Islamic faith and its Shari’ah rulings; the Qur’an and the Sunnah.
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Notes on Islamic Economics: Theories and InstitutionsIn this publication I current the fundamental theories and the institutional manage of Islamic economics. It involves chapters one via 11. Chapters one and try and solution the questions of ‘what is Islamic Economics’ and ‘why we have to examine it’, additionally they speak about problems with definition, scope, assets of data and relevance.
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Extra resources for Notes on Islamic Economics: Theories and Institutions (Notes on Islamic Economics Book 1)
Notes on Islamic Economics: Theories and Institutions (Notes on Islamic Economics Book 1) by Monzer Kahf