Mustapha Radji from Algeria presented an interesting comparison between Sufi and Salafi Muslim groups while analysing their approaches to free markets based on a survey in Algeria. The results are controlled for age, education and social status. While Sufi Muslims tend to have more acceptance for open and competitive markets, Salafi Muslims offer greater resistance…
DetailsWhat does Islamic tradition offer for social protection? As explained by Bangladesh’s academic Md. Thowhidul Islam, Waqf is “the permanent endowment by a Muslim of any of his property for a purpose recognized by the Muslim Law as religious, pious or charitable.” It is a permanent arrangement, which becomes immediately effective, and cannot be kept…
DetailsNoor Fatima from Pakistan, argued that in the light of the history of development of capitalism an Islamic provision and its economic productivity, we believe that it is fair to conclude that Islam has not been a obstacle in the system of market economy in Muslim states. She argued that Islam as religion and culture…
DetailsAfzal Parvez from UK argued that with the case of open markets comes five main areas to consider when judging the Islamic legality of open markets. These are: (a) the notion of profit and wealth creation, allowing for (b) free trade, which then brings about the implication of the (c) concept of welfare and (d)…
DetailsAli Hassania from Iran argued that “Manṭiqat al-Firāq”, a Shiite economic theory, points to an area in religion without any legal and religious source. This theory was firstly presented by Allamah Sayed Muhammad Baqir Ṣadr (d. 1981) in his book “Our Economy” (Iqtiṣādunā). According to the theory, religion has allowed the Islamic ruler to lay…
DetailsAs the Swedish intellectual Nima Sanandaji argues in his book “The Birth of Capitalism: The Middle East” private enterprise, market economy and ideological support for free exchange are often assumed to have a Western origin. The true root of these practices and ideals are however found in the pre-Islamic and Islamic Middle East. Market practices,…
DetailsMalaysia: Roots of a Democratic Society YAM Tunku Zain Al-‘Abidin ibni Tuanku Muhriz ‘Religion and State are Twin Brothers’: Classical Muslim Political Theory Dr. Muhammad Khalid Masud Democratic Transition in the Muslim World: Prerequisites and Obstacles Dr. Syed Farid al-Atas Deconstructing a Dilemma: Democracy versus Islam Dr. Alim Yilmaz Political…
DetailsIslam and Liberty Summer University (ILSU) is a week-long regional residential event, to be organised in Iran between 15 July to 21 July 2018. Featuring guest speakers giving lectures, workshops, and seminars, this exercise will take up critical aspects of the debate on the intellectual foundations of economic freedom in Islam but also discussing…
DetailsWe have changed our name from “Istanbul Network for Liberty” to “Islam and Liberty Network”. The main motivation behind this change is to establish a clear association of our liberty-centered work with the Islamic religion, which has a universal appeal rather than any specific location or for that matter with history alone, two characteristics of…
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Istanbul Network for Liberty presents its 2018 Series of Webinars which is a lively discussion on topical issues around Islam, Society and Economy led by leading experts. The general orientation is towards intellectual dimensions of relationship between Islam and liberty with focus on religious, civil, political and economic liberties as understood in the Islamic…
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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 best-known cryptocurrency,…
DetailsCall for Panel and Paper Proposals The Centre for Islamic and West Asian Studies at Royal Holloway, University of London invites proposal for the 2018 Annual CIWAS Conference on the theme of ‘Islam, the West, and Radicalism’ which will be held on the 14th and 15th of February 2018. Recent years have seen new waves…
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