Useful links

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…

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…

A Comparison between Islamic and Conventional Stock Prices Performance: Evidence from Pakistan’s Equity Market – Saba Kausar

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.

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

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…

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…

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…

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…

Economic Model: Lessons from Madina – Humaira Shahid

Humaira Shahid argued that the economic model of Madinah was not a finance-backed economy, but rather a trade-backed economy.

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Navigating the Cryptocurrency Landscape-An Islamic Perspective – Hina Haq

In her co-authored paper, Pakistan’s Hina Haq, presented an Islamic perspective on the emerging cryptocurrency and concluded that it is in harmony with the Islamic consideration of governance, regulation and market compliance.

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Sufi or Salafi Islam who is more pro-open markets? Survey Study from Algeria – Mustapha Radji

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…