Islamic Microfinance in Alleviating Poverty The Model of the Rural Development Scheme (RDS) of Islamic Bank Bangladesh Limited

Islamic Microfinance in Alleviating Poverty The Model of the Rural Development Scheme (RDS) of Islamic Bank Bangladesh Limited Author: Md. Thowhidul Islam, an Associate Professor of Bangladesh Studies, Center for University Requirement Courses, International Islamic University Chittagong. Poverty has been and still remains one of the oldest challenges to human civilization and development. Currently, there […]

Economics and Challenges of Democratic Debates

Economics and Challenges of Democratic Debates Author:   Dr. Aymen Bouganmi is a researcher and a professor at the Tunisian University. He has published several books, research studies and articles specializing in politics and geo-economics in Arab and foreign newspapers and websites. In a world of regressing democracy, exploding inequalities and unprecedented threats of climate […]

The IEAs Islamic Foundations of a Free Society

The IEAs Islamic Foundations of a Free Society Islamic World, Middle East, and Market Economy Nouh El Harmouzi and Linda Whetstone, eds. “Islamic Foundations of a Free Society”. London: The Institute of Economic Affairs. 2016. Book review by Devrim Ozkan* “Islamic Foundations of a Free Society” provides a detailed overview of the political and economic […]

Religious Markets versus Secularization

Religious Markets versus Secularization Author: Buğra Kalkan* Secularization and socialization theories are the dominant explanations originated in sociology in religious studies. Advocates of secularization comprehend religious behavior as irrational behavior or childish superstitions that will be evaporated as the advancement of science and modernity. It is claimed that once the humanity understands how the nature […]

Property Rights from an Islamic Perspective

Property Rights from an Islamic Perspective Author: Dr. Maszlee Malik, Institute for Democracy and Economic Affairs & Istanbul Network for Liberty * This case study has been published in the 2016 International Property Rights Index. Abstract Amongst the cardinal principles of “free market” is the individual’s right to own private properties. There will be no […]

Promoting Economic Freedom in Muslim Majority Countries is the Key to Prosperity

Promoting Economic Freedom in Muslim Majority Countries is the Key to Prosperity The IEA’s Islamic Foundations of a Free Society, written by a range of Islamic scholars, sheds a great deal of light on questions about Islam’s compatibility with a free society and a free economy. This book aims to inform those in the West who […]

Market and Morality

Market and Morality Author: Hakan Şahin* (*) Hakan Şahin is a PhD candidate in Islamic Economics and Finance in Istanbul University. He lectures and publishes on Islam and free market economy; natural rights, civil society, as well as the history of money and banking and runs related seminars in Association for Liberal Thinking. He is […]

Islamization of Knowledge Needs a Stock-Taking

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 […]

Islamic Capitalism and Finance Origins Evolution and the Future

Islamic Capitalism and Finance Origins Evolution and the Future Author: Prof. Murat Çizakça* “It was a humbling experience to read the product of such a remarkable feat of scholarship. It is all at once an exploration in analytic history and a comprehensive text of Islamic finance theory and application. It is also one of the […]

Islam Commerce and Business Ethics

Islam Commerce and Business Ethics Author: Imad-ad-Dean Ahmad* INTRODUCTION Islam is the only major world religion founded by a businessman, although, in a sense, Judaism, Christianity and Islam all trace their origins to another businessman, Abraham, the ancestor of Moses, Jesus and Muhammad, peace be upon them all. Islam has never had any hostility to […]