Islamization of Knowledge Needs a Stock-Taking

Ali Salman In 1987, the celebrated Malaysian intellectual and philosopher Syed Naquib Al-attas founded International Institute of Islamic Civilization (ISTAC) in Kuala Lumpur with the support of then Minister of Education Anwar Ibrahim. ISTAC was a part of institutionalization of the Islamization of knowledge project, which formally dates back to an international conference in Mecca…

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The Socialist Sufi of Sindh: Social Justice and Radical Democracy in 17th Century Sindh

Raza Naeem from Pakistan presented a historical study on the historical figure of Sindh Sufi Shah Inayat (d. 1718) who lodged a struggle to bring collective farming as a socialist mode of production and mode of distribution in the era of feudalism. Raza considered Shah Inayat as a visionary having pre empted socialism whose experiment failed.

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Theory Of Distributive Justice In Islamic Perspective: A Conceptual Exploration – Hafas Furqani

Hafas Furqani from Indonesia spoke on the issue of distribution in economics. There is a concern among scholars on how justice can be achieved in distribution. Various theories have been proposed to answer that problem, such as strict egalitarianism, the difference principles of John Rawls, resources-based principles, welfare-based principles ala utilitarianism, desert-based principles, and libertarian…

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Corporate Social Responsibility in Islam – Admir Cavalic

Admir Cavalic from Bosnia spoke about an Islamic understanding of Corporate Social Responsibility. His paper argues that CSR is not contrary to liberal principles, since by maintaining relationships with stakeholders and the use of CSR, the company achieves a certain competitive advantage, which ultimately leads to profit. Also, according to Admir, CSR is not contrary…

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Lebanon’s Experience With Economic Freedom within A Muslim Majority – Majdi Al Mustapha

Majdi Al Mustapha presented a case study of his country, Lebanon tracing important developments since the 19th century. Lebanon has had a great benefit from having a laissez-faire economy throughout history. As can be seen throughout its history, the greater the amount of economic freedom and less intervention, the greater it was able to prosper…

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Why (Not) Understanding Economic Liberalism From Public Opinion? Indonesia and Malaysia Compared – Muhamad Iksan

Muhammad Iksan, also from Indonesia, presented his paper on the public opinions based on surveys conducted in Indonesia and Malaysia. Two surveys revealed public opinion could be a starting point to understand public support for market friendly reform and market mainstreaming. From two surveys, there is a need to continue popularizing the idea of economic…

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Property Rights Based on Muslim Law, Economic Efficiency and Gender Equality: What Convergence? – Fatiha Talahite

Fatiha Talahite from France argued that on the base of the Maghrib countries, the adaptation of property rights for more justice and equity to women in the Muslim world, is blocked by an institutional framework inherited from colonization, split between “conventional” rights and personal status. In this dichotomous framework, while the conception of the property…

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Islamic Countries Clustered and Analysed by Economic and Political Freedoms and GDP – Jani Kinnunen

The cross-country comparison by Finland’s academic Jani Kinnunen took a hybrid approach to the relation of economic freedoms and GDP by firstly finding out separate similar clusters of countries, then using principal component analysis to reveal the most important factors explaining the variance of the large set of variables and taking a short look at…

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