Islam and Markets
Islam and Markets Author: Dr. Imad-ad-Dean Ahmad* The relationship between Islam and trade is not well appreciated in the West. The Prophet Muhammad (peace be upon him) and his wife Khadija were both merchants. The Qur’an, the Muslim scripture, is filled with parables using the language of trade. It was merchants, not soldiers, who were […]
Islam and Free Markets Can They Co Exist
Islam and Free Markets Can They Co Exist Author: Dr. Benedikt Koehler A political chain reaction was set off in the Arab world in 2010 when Mohammed Bouazizi, a young Tunisian stall-owner, was denied a license to ply his trade and in desperation driven to suicide. That his immolation might ignite mass protests in his […]
Islam and Cryptocurrency
Islam and Cryptocurrency Digital technology is changing rapidly and some aspects are causing concern among many Islamic scholars all over the world. One example is the cryptocurrency phenomenon. Dealings in cryptocurrency, whether in developing, mining, funding or investing, are considered non-permissible by some jurists. For instance, Egypt’s Grand Mufti recently issued a fatwa (edict) declaring bitcoin, the […]
Is Islam Compatible with Capitalism ?
Is Islam Compatible with Capitalism ? The Middle East’s future depends on the answer Author: Guy Sorman* The moment you arrive at the airport in Cairo, you discover how little Egypt—the heart of Arab civilization—is governed by the rule of law. You line up to show your passport to the customs officer; you wait and […]
Iran’s Economy : Which Way Forward ?
Iran’s Economy : Which Way Forward ? By Mohammed Amin This article, published in an Iranian magazine, assesses the present state of Iran’s economy and looks at how it should develop. It makes specific policy recommendations, and stresses that Iran’s long-run economic success will require increased personal freedom. 15 February 2016 In 1979 […]
Civil Society, Religion and Islam
Civil Society, Religion and Islam Author: Norman Barry* “Islam Civil Society and Market Economy”, ed: Atilla Yayla, Ankara: Liberte Publications, 1999 (first print). This paper was presented in the International Symposium titled Islam Civil Society and Market Economy held at 18-19 of May, 1998 in Istanbul. The concept of civil society is closely associated […]
Islamic world needs more economic freedom – Admir Cavalic
Economic freedom in the broadest sense means the freedom of the individual to perform certain economic activities. It is a very important term which is primarily used as a method to check whether a particular economic system encourages or blocks economic initiatives and activities. In this regard, under the patronage of Milton Friedman- the Nobel […]
