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. Read Full Article Here
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…
14 – 15 November 2018 Islamabad Building an Islamic Case for Open Markets DAY 1 14 NOVEMBER 2018 8:30AM-9:15AM REGISTRATION 9:15AM-9:45AM INAUGURAL SESSION Opening Remarks & Welcome Address 9:45AM-10:30AM ROLE OF STATE IN ECONOMY Session Chair: Dr. Attiq-uz-Zafar Speaker: Dr. Ali Hassania Speaker: Dr. Noor Fatima 10:30AM-11:00AM TEA BREAK 11:00AM-1:00PM CURRENCY MARKETS Session Chair: Dr.…
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…
Saba Kausar, in her paper compared the financial performance of Islamic and conventional stock prices in Pakistan’s equity market using Karachi Meezan Index as a proxy of Islamic index and the Karachi Stock Exchange Index is selected as a proxy of conventional index. Read Full Article Here
Majdi Aref 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 and…