Finance & Economics

The principles discussed are universal although the examples given are from South Africa.

This book is an English rendering of a popular Arabic book entitled Mushkala al-Faqr wa Kaifa ‘Aljiha al-Islam by the renowned Muslim Scholar ‘Yusūf al-Qardāwi. The author depicts the basic principles of the Islamic Economic System in the light of the Holy Qur’an and the Sunnah.

This book has become a main textbook for studentrs of Islamic finance in various institutions of higher learning.

Revised and updated edition of Mezan Bank's guide to Islamic Banking. Based on lecture notes and handouts prepared for a comprehensive training course for the staff of Meezan Bank. Topics include Islamic contract, modes of financing, and investments.

There is unanimous agreement among Muslim jurists that riba is prohibited strictly by the texts of the Qur’an as well as by those of the Sunnah. When it comes to the identification of the transactions that would fall under the prohibition of riba, however, there is some disagreement among the scholars. Hopefully this book will enrich the debate about Islamic banking by raising new issues.

A collection of 41 articles on critical subjects. Most articles deal with fiqh but others deal with other important subjects as well for example criticism of Perennial philosophy of Martin Lings, Detailed account of a lesser known part of India history dealing with the movement of establishing a Shariah governorate for India (proposed and actively pursued by Abul Kalam Azad), history of qira'at, commentary on the hadith that the Qur'an was revealed on seven huroof, and what is meant by Ism A'zam. Many of the fiqhi articles deal with new medical issues (cloning, cosmetic surgery, test tube babies, organ transplants, artificial insemination) and finance (multi-level marketing, foreign exchange, feudalism, charging interest in darul harb, copyrights, Islamic banking etc.).

Part of Ihya Uloom al-Deen (Revival of Religious Sciences), this book deals with the lawful and unlawful in consumption and financial transactions.

This is a little known book by Iqbal and one of the early books on economics in the Urdu language. Written as a textbook and derived from English textbooks of the time, it does include some independent opinions of Iqbal as well on the subject.

Suk (plural: Sukook) is the term used for bonds and certificates. This book is in two parts. Part 1 is an introduction to sukook. Part 2 discusses author's reservations about them.

Can Pakistan (or any Muslim state for that matter) enter into riba based financial transactions with foreign entities? Three petitions were brought up before the Shariat Bench of the Supreme Court of Pakistan in 1991. Justice Dr. Tanzilur Rehman wrote the judgment which is contained in this very valuable book. Unfortunately (but unsurprisingly) mysterious hands stopped the Judgment from being delivered. But the arguments contained here will be of great interest to students and scholars everywhere.

An introduction to the Islamic economic system and its comparison to both capitalism and socialism. The author taught at Qatar University for twenty years and is the General Secretary of the International Union of Islamic Scholars. It discusses the foundations and basic principles of both capitalism and socialism and shows what is wrong with them and how the Islamic system solves the problems created by them.

Causes and Remedies of the Recent Financial Crisis From an Islamic Perspective As the leading authority on modern Islamic finance in the world today, no one was better qualified to speak for Islam at the annual World Economic Forum following the global financial crisis in 2010. In his address, Mufti Taqi Usmani pointed out that the so-called crisis only came about when it knocked at the doors of the wealthy.' Otherwise, as Mufti Usmani astutely points out, the true crisis is ongoing and unless fundamental changes are made to the worlds economic system, that crisis will continue. In the pages of this slim volume, the reader will find a concise study of the fundamental flaws in the global economic system, and the eternal principles articulated by the Shariah of Islam that point to a solution. - Yusuf Talal DeLorenzo, Shariah Consultant to Global Financial Institutions Mufti Taqis paper, written in the context of global financial crisis, calls for universal change in our attitude toward the treatment of money and the role of financial system in our lives. His is a timely call for overhauling the economic system based on values and principles. A must read for all who are concerned about the current affairs of our financial system. - Nazim Ali, Director, Islamic Finance Project, Harvard Law School | Harvard University.

Due to significant changes that have taken place in the nature and essence of money and monetary value, and the dominance of interest-based debt financing, the nature of capital and sharing of profit and loss have become complex issues. The book analyses in detail the practical relevance of these in the operation of Islamic financial institutions, and attempts to provide some new insight on the relevant shari‘ah regulations. It studies capital in joint ventures financed by Islamic banks, and scrutinises the method currently used by Islamic banks for determining the profit sharing ratio between the bank and the client.

This book takes a critical look at some of the positions taken by Justice Mufti Taqi Usmani on such issues as corporation as a legal person, shares, Islamic banking, credit cards, and takaful. While its tone could be better, it still raises some questions that need to be debated openly to advance the state of knowledge in this emerging field.

A broad introduction to Islamic commercial law. An indispensable source for Muslim businessmen as well as students of business. See the table of contents for details.

Survey of Islamic sciences regarding economics and finance, with emphasis on recent developments and a discssion of where do we go from here.

A collection of articles aimed at providing basic information about the principles of Islamic finance and modes of financing. Deals with practical issues.

Includes detailed discussion about the definition of riba, commercial riba, riba in the pre-Islamic period, as well as its prohibition in Qur'an and Hadith.