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Morality and Justice in Islamic Economics and Finance

Morality and Justice in Islamic Economics and Finance
Author: Muhammad Umer Chapra
Publisher: Edward Elgar Publishing
Total Pages: 289
Release: 2014-09-26
Genre: Business & Economics
ISBN: 1783475722

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øMankind is faced with a number of serious problems that demand an effective solution. The prevalence of injustice and the frequency of financial crises are two of the most serious of these problems. Consisting of an in-depth introduction along with a


Handbook of Ethics of Islamic Economics and Finance

Handbook of Ethics of Islamic Economics and Finance
Author: Abbas Mirakhor
Publisher: Walter de Gruyter GmbH & Co KG
Total Pages: 648
Release: 2020-04-20
Genre: Business & Economics
ISBN: 3110593416

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Since the financial crisis of 2007/2008, a renewed discussion on the ethics and finance is being examined from different dimensions – finance for good society, responsible finance, ethical finance, financial crimes, and financial repression. The principal objective of this Handbook on Ethics of Islamic Economics and Finance is to provide a deeper understanding of the ethical underpinning of Islamic economics and finance. The reader will notice that the Handbook reflects a diversity of views on the subject of economic and business ethics in Islam across the intellectual spectrum of Muslim thought over the globe. Handbook attempts to find answers to some questions concerning the definition and characteristics of the ethical system in Islam. What is its goal and how do its rules and practices ensure welfare for individuals and society? Are the moral principles universal and invariable or do they change and adapt with the social changes of communities and progress in science and technology? Is the present generation accountable for the welfare of future generations? Where is the boundary between law and ethics and who guarantees their adoption and implementation?


Ethical Dimensions of Islamic Finance

Ethical Dimensions of Islamic Finance
Author: Zamir Iqbal
Publisher: Springer
Total Pages: 203
Release: 2017-09-27
Genre: Business & Economics
ISBN: 3319663909

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This book provides an introductory theoretical foundation of the ethics embedded in Islamic economics and finance, and it shows how this ethical framework could pave the way to economic and social justice. It demonstrates how Islamic finance—a risk-sharing and asset-backed finance—has embedded universal values, ethical rules, and virtues, and how these qualities may be applied to a supposedly value-neutral social science to influence policy-making. This book argues that ethical and responsible finance, such as Islamic finance, could lead the efforts to achieve sustainable economic development. Iqbal and Mirakhor then conduct a comparative analysis of Islamic and conventional financial systems and present Islamic finance as an alternative that can address today’s growing problems of inequality, social injustice, financial repression, unethical leadership, and lack of opportunity to share prosperity.


Book Review

Book Review
Author: Salman Syed Ali
Publisher:
Total Pages: 0
Release: 2018
Genre:
ISBN:

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This is the latest book from renowned author Dr. Umer Chapra addressing the hallmarks of Islamic economics and finance, namely, morality and justice, and their implications for the society. Dr. Chapra intended to write a full-fledged book on the concept of justice in Islam. This has been his long-standing wish and still very much a desired objective. However, due to other obligations and engagements this kind of large-scope project would take more time or may remain unfinished. Realizing this, Dr. Chapra embarked on a project of a manageable scope, to write about morality and justice in Islamic economics and finance, which builds on his previous work.


Social Justice and Islamic Economics

Social Justice and Islamic Economics
Author: Toseef Azid
Publisher: Routledge
Total Pages: 210
Release: 2019-02-25
Genre: Business & Economics
ISBN: 1351364553

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Under the rule of the current economic order, social injustice is ever-increasing. Issues such as poverty, inhumane working conditions, inadequate wages, social insecurity and an unhealthy labor market continue to persist. Many states are also unable to produce policies capable of resolving these problems. The characteristics of the capitalist system currently render it unable to provide social justice. In fact, on the contrary, the system reinforces these injustices and prevents economic and social welfare from reaching the masses. Many Muslim scholars have analyzed and, indeed, criticized this system for years. This book argues that an alternative and more equitable theoretical and practical economical order can been developed within the framework of Islamic principles. On the other hand, the experiences of societies under the rule of Muslim governments do not always seem to hold great promise for an alternative understanding of social justice. In addition, the behaviors of Muslim individuals within their economic lives are mostly shaped by the necessities of daily economic conditions rather than by the tenets of Islam that stand with social justice. Until 1990s, studies of Islamic economics made connections between finance and the notion of social justice, but work conducted more recently has neglected this issue. It is therefore evident that the topic of social justice needs to be revisited in a more in-depth manner. Filling an important gap in existing literature, the book uniquely connects social justice and Islamic finance and economics on this topic. Theory, practice and key issues are presented simultaneously throughout this book, which is based on the writings of a number of eminent scholars.


Perspectives on Morality and Human Well-Being

Perspectives on Morality and Human Well-Being
Author: Syed Nawab Haider Naqvi
Publisher: Kube Publishing Ltd
Total Pages: 274
Release: 2016-07-04
Genre: Business & Economics
ISBN: 0860376478

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This book explores in detail the proposition that (private) morality, especially religious morality, is vital for achieving economic well-being and human happiness; and that this linkage would be even stronger in an Islamic economy. The book highlights the need for an active interaction between religion, morality and economics in general and in an (idealized) Islamic economy in particular. Professor Syed Nawab Haider Naqvi has an MA from Yale University and a PhD from Princeton University. He did his post-doctoral work at Harvard University.


Islam and Economics

Islam and Economics
Author: Ali Salman
Publisher: Acton Institute
Total Pages: 160
Release: 2021-06-23
Genre:
ISBN: 9781880595466

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This primer is an introductory text to rediscover the principles of commerce and economics revealed in the Qur'an, espoused by the Sunnah (practices of the Prophet Muhammad), and understood by the jurists. Islam offers three moral principles of economic organization: ownership, wealth creation, and wealth circulation. Based on these principles, Islam and Economics derives a framework of operational institutional tenents for the economic organization of a society. It addresses all important business, policy, and equity issues that any economic system should resolve and broadens the discussion on the modern discipline of "Islamic economics."


Islam & Economics

Islam & Economics
Author: Ali Salman
Publisher:
Total Pages: 123
Release: 2021
Genre: Islam
ISBN: 9789697311064

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Intermediate Islamic Finance

Intermediate Islamic Finance
Author: Nabil Maghrebi
Publisher: John Wiley & Sons
Total Pages: 416
Release: 2016-01-06
Genre: Business & Economics
ISBN: 1118990749

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Explore Islamic finance at a deeper level Intermediate Islamic Finance: Theory and Practice fills the gap for students and professionals who are already familiar with the fundamentals of Islamic finance, but would like to gain an enhanced understanding of Islamic finance theories and practices. This comprehensive text provides you with coverage of global developments and describes the role of Islamic finance within the global finance community to guide you in your understanding of this important aspect of the international financial landscape. The book references advance concepts and specific problems in the practice of Islamic finance, provides suggested further readings for each chapter, offers details of advanced analysis, and presents key data in visual form via graphs, figures, and tables. Profound changes have taken place in the financial landscape over the past few decades, including major innovations in financial instruments and substantial changes in regulation. With global financial markets becoming increasingly important players in the industry, it is critical that today's financial professionals understand the essence and implications of key Islamic finance theories and practices. Build upon your fundamental understanding of Islamic finance Explore some areas of convergence and conflict between Islamic finance and conventional finance Strengthen the harmony between Islamic and conventional finance theories and their applications Prepare for a well-rounded career in finance by better understanding how Islamic finance principles apply Intermediate Islamic Finance: Theory and Practice is an essential text for graduate and post-graduate finance students, economists, researchers, bankers, financial regulators, policymakers, and members of the business community who want to develop a deeper understanding of Islamic finance theories and practices.


A Model for Islamic Development

A Model for Islamic Development
Author: Shafiullah Jan
Publisher: Edward Elgar Publishing
Total Pages: 349
Release: 2019
Genre: Business & Economics
ISBN: 1788116739

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This book aims to explore and analyse Islamic Moral Economy (IME) as an alternative economic and social system to capitalism and socialism. It proposes a new model of Islamic development, integrating global development within an Islamic framework of spiritual development. It is argued that the failure of Muslim countries to provide basic necessities and an environment free of oppression and injustice can be overcome with this authentic Islamic development framework. In addition, this book can be an important study to identify the theological, political, social and economic boundaries for changing the society to produce IME oriented developmentalism.