Modelling Interest - Free Economy

Modelling Interest - Free Economy

Product ID: 15470

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Author: M Anwar
Publisher: Genuine
Year: 2002
Language: English
Pages: 119
ISBN/UPC (if available): 8185220034

Description

Islamizing the field of economics was one of the early undertakings of the founders of the International Institute of Islamic Thought. As part of the Islamic leadership of the student movement of North America, they organized the East coast MSA (Muslim Student Association) Conference of 1968 for this purpose and published its early pioneering proceedings under the title contemporary Aspects of Economic Thinking in Islam. This report, published by the American Trust Publications, was well received and remains in demand after several printings. In fact one of the founders of the IIIT, Dr Abdul Hamid A. AbuSulayman, published an earlier work in Cairo, Egypt in 1960 on the subject in a pioneering book in Arabic entitled The Economic Theory of Islam-Is Philosophy and Contemporary Means.

This book, by Dr Muhammad Anwar, is one of the first fruits of this ongoing pursuit of the Institute. An associate researcher at the IIIT, he is a young Muslim economist who has shown a devout interest in the cause of Islamization of economics. He is also the first Muslim economist to develop an Islamic model in this field. With his scholarship, intellectual approach and devotion, he offers Muslim economists a new ground-breaking paradigm in the file of Islamic economics which will, in-sha-Allah, invariably lead to more serious studies and research in the field. The IIIT is pleased to be able to present this work upon completion.

Contents

FOREWORD

PREFACE

ACKNOWLEDGEMENT

NOTATIONS

CHAPTER ONE
General Introduction and Background

CHAPTER TWO
Interest-Free Banking-Progress and Prospects

CHAPTER THREE
Research Methodology

CHAPTER FOUR
Classical Models Adjusted for Interest-Free Financing

CHAPTER FIVE
Policy Analysis in Interest-Free Economics

CHAPTER SIX
Islamic Finance and Economic Development

CHAPTER SEVEN
Western and Islamic Systems-Comparative Analysis

Bibliography

Index