Release on 2013-05-23 | by Sayyid Abul A'la Mawdudi
Author: Sayyid Abul A'la Mawdudi
Pubpsher: Kube Publishing Ltd
Category: Business & Economics
Abul A'la Mawdudi laid down the foundations of modern Islamic economics. Drawing upon Islamic sources, Mawdudi spelled out a new paradigm for economic analysis and policy, wherein economic pursuits take place in the context of moral values and are directed towards the achievement of personal and social objectives. Integral to this approach is the concept of an interest-free economy that attempts to make efficiency and equity inseparable and interdependent. The creation and distribution of wealth thus become instrumental in promoting individual and social wellbeing, opening up pathways to development, social justice, and human welfare. This comprehensive anthology collects all of his major writings and provides a historic as well as an essential introduction to Islamic economics. Abul A'la Mawdudi (1903-1979) was a leading Muslim intellectual and a chief architect of the Islamic revival in the twentieth century. In 1941 he founded Jama'at-i-Islami, a political party in Pakistan, which he led until 1972. He authored more than a hundred works on Islam, both popular and scholarly, and his writings have been translated into some forty languages.
Release on 2013-07-24 | by Syed Nawab Haider Naqvi
Author: Syed Nawab Haider Naqvi
The Islamic perception of the socio-economic process is dynamic and its insistence on social justice is uncompromising. To produce the best social structure, according to this view, man’s economic endeavours should be motivated by a meaningful moral philosophy. In the face of the challenges presented by the modern world, the practice of Islamic economics raises many complex and profound issues. These are addressed in this highly important work, which must be considered essential reading for all those who live in the vision of the ‘right’. First published in 1994.
Release on 2015-02-16 | by Hossein Askari,Zamir Iqbal,Abbas Mirakhor
Theory and Application
Author: Hossein Askari,Zamir Iqbal,Abbas Mirakhor
Pubpsher: John Wiley & Sons
Category: Business & Economics
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.
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.
With the Islamic awakening in the Middle East, the "Principles of Islamic Sociology" illustrates the nuts and bolts of Islamic society with a contemporay vision that is possible within the realm of Islamic law and thinking. According to Muslim scholars, the beauty of Islamic law is that it is not stagnant. The Qur'an applies to all ages and periods. Dr Younos succefully demonstrates not only the principles of Islamic sociology as an academic discpline, but also a new thinking and vision for a Muslim society in the contemporary world. This book answers a compelling question: In what way should Muslims decide on their social exsitence in the age of globalization? Reforms within Muslim soieties is a must. The only solution is reform their socio-political system by impleminting Islamic vlaues based upon a new interpretation of Islam. "Principles of Islamic Sociology" has managed to achieve that goal.
This book examines the legal and the accounting process from basic transaction analysis through to the preparation of financial statements. A broad framework for financial statements is used, encompassing international standards and Islamic financial accounting standards. It provides a context for understanding what is “Islamic accounting” and allows students to appreciate how Islamic values can influence the disclosure of financial information. The practicalities of preparing financial statements in accordance with the Islamic Shariah are covered, along with specific aspects of Islamic finance and how to account for Shariah compliant instruments. It provides students with skills to understand and prepare accounting information relevant to decision making in an Islamic environment through real life examples and cases. Tentative Table of contents: • Introduction to Islamic Accounting • The Recording Process • Adjusting the Accounts • Completing the Accounting Cycle • Accounting for Assets • Accounting for Liabilities • Accounting for Equity • Accounting for Sukuk • Zakat Accounting • Takaful Accounting • Islamic Commercial Law • Accounting for Islamic Financial Institutions • Islamic Corporate Governance and Sustainability • Auditing: an Islamic Perspective
Release on 2011-08-24 | by Zamir Iqbal,Abbas Mirakhor
Theory and Practice
Author: Zamir Iqbal,Abbas Mirakhor
Pubpsher: John Wiley & Sons
Category: Business & Economics
The first book to offer comprehensive coverage of Islamic finance and banking and its applications to the rest of the world, now fully revised and updated The ongoing international financial crisis has reignited debate over the development of a risk-sharing financial system, such as that required in Shariah Law. An Introduction to Islamic Finance: Theory and Practice, Second Edition highlights the core principles of risk sharing in Islam, arguing that a risk-sharing financial system is exactly what we need to promote greater financial stability. Providing comprehensive coverage of the fundamental theory behind Islamic finance and banking, according to the core concepts of Shariah law, authors Zamir Iqbal and Abbas Mirakhor clearly explain the distinct features of an Islamic financial system and how it compares with traditional financial models. Addressing the myriad important developments that have taken place in recent years, this second edition looks to the future, addressing emerging issues sure to influence future developments in Islamic finance. Explores the unique features of an Islamic financial system, how they compare to more traditional financial systems, and how they could improve them Discusses all the most recent developments and emerging issues in Islamic finance Updated with the latest developments, trends, innovations, and statistics, this new edition features additional chapters on the financial crisis, globalization, non-bank financial institutions, and recent developments in Takaful (Islamic insurance) The first edition of An Introduction to Islamic Finance established the book as the market leader, and this newly revised and updated second edition incorporates the most recent developments in this booming financial sector, including financial stability, globalization, and non-banking financial institutions.