Author: M Anwar
ISBN/UPC (if available): 8185220034
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.
General Introduction and Background
Interest-Free Banking-Progress and Prospects
Classical Models Adjusted for Interest-Free Financing
Policy Analysis in Interest-Free Economics
Islamic Finance and Economic Development
Western and Islamic Systems-Comparative Analysis