Aspects Of Islamic Economics And The Economy Of Indian Muslims

Contributed articles.

The 130 million Muslims in India form the second largest Muslim population in the world. Scholarship on them has however focused on a limited range of issues. There is little by way of macro studies on the economic condition of Muslims in various parts of India. What is the condition of the Indian Muslims at the dawn of the twenty first century? What is the demographic profile of the community? What is the percentage of its population in agriculture, industry and the tertiary sector? How do Muslims fare at the national level? Does the Muslim economic condition differ from state to state, given the regional imbalances in the country resulting from unequal develop-ment? How does Muslim economic condition in the early twenty first century compare with the recent and distant past? To what extent can the political changes account for these varia-tions? How does the economic profile of the Muslims compare with the majority Hindus, Dalits, and minorities like Christians, Sikhs and Parsis? Historians, politicians, journalists and others agree that Muslims in general lag behind other communities. Does Islam, or Islam as interpreted and lived, have anything to do with it? What is the role of the State in this matter? What is the record of the post-independence central and state governments? The author tries to answer some of these questions. He argues that understanding these issues is not only a matter of academic enquiry, but also necessary for taking appropriate corrective measures by the community leader-ship as well as by the state. The various chapters focus on the pre-Independence legacy, the impact on Muslims of Partition and politics on ownership of assets, employment, access to education, public services or their role in labour, commerce and industry. It is a report on the current status of the Muslim minority in India, particularly the Urdu-speaking Muslims. Densely documented, with hard to find statistical data, written with an economy of words, no one remotely interested in Indian economy, society or politics can afford to ignore this immensely readable book.

Articles on the Islamic approach to economics.

``This is the one he wrote ````a series of notes about the Islamic economy```` consists of 11 chapters, and revolves around, Islamic Economics, What is it and what is it for? .. Further Notes on Definition and Methodology of Islamic Economics.. The Role of Values, Ethics and Culture in Economics .. Institutional Structure of the Islamic Economic System ..Economic Role of State in Islam .. The Role and Importance of the Private Sector .. The Demand Side or Consumer Behaviour Theory .. Supply Side or Producer Behaviour .. The Institution of Market .. Institutional Guidelines of Market Regulation..Allocation of output to factors of production and the implicit ``

Gain deeper insight into the principles and theory of Islamic economics Introduction to Islamic Economics: Theory and Application provides an overview of the organizing principles and fundamentals of an Islamic economy. With deep discussion of the characteristics, rationale, key institutions, objectives, and instruments at work, the book addresses the core economic principles underlying a system based on the foundational teachings of Islam, and examines the implications for economic policies. Social welfare, economic justice, market functionality, efficiency, and equity are explored from an Islamic perspective, and the role and instruments of fiscal and monetary policy in Islamic systems are used to illustrate contemporary applications. Universities around the globe are offering courses on Islamic economics and finance, but despite the industry's rapid growth, most research has been focused on the financial principles rather than underlying economic principles. The first book of its kind, Introduction to Islamic Economics brings all the key concepts together into one reference volume. By outlining the ways in which Islamic finance and Islamic economics interrelate, this book can help readers to: Develop an understanding of the Islamic economic system and its institutional scaffolding Differentiate between the major characteristics of the dominant conventional economy and one based on the fundamental sources of Islam Understand the conditions that must be met for a just, well-balanced, stable, and growing economy Clarify the role of State, public policy, and risk-sharing in the Islamic financial system The Islamic financial system is expanding quickly, and those looking to increase their relevance in a changing economic landscape must get up to speed. Introduction to Islamic Economics provides a comprehensive overview of underlying economic system offering a deeper understanding of the feature of the system. This book is an excellent complement to Introduction to Islamic Finance, 2E by Iqbal and Mirakhor.

Manage an economy and be ethical and socially responsible. Howfind out in this book!

The Islamic perception of the socio-economic process is dynamic and its insistence on social justice is uncompromising. To produce the best social structure, according to this view, man's economic endeavours should be motivated by a meaningful moral philosophy. In the face of the challenges presented by the modern world, the practice of Islamic economics raises many complex and profound issues. These are addressed in this highly important work, which must be considered essential reading for all those who live in the vision of the 'right'.

In this book Dr. Irfan Ul Haq examines the primary sources of Islam to extract and formalize from them the Islamic economic doctrines as well as the sociopolitical framework which guides the development of society. In particular, emphasis is placed on the problems of poverty, unemployment and lack of human resource development. What the study suggests is that if Islam is properly studied through an idealistic-rational integrated methodology and understood in its spirit and purposes, it reveals a core set of permanent values and principles that form the fixed dimension of Islam which then are applicable to virtually all human situations of society, polity and economy in all space-and-time. It is this in-built dynamism of Islam, demonstrated here with historical examples, that is utilized in approaching and providing solutions to contemporary economic problems and issues. Written for students of social science and economics and students of Islam. Economic Doctrines of Islam nevertheless addresses itself to all such individuals who are interested in seeking divine guidance in the realm of ethical social and economic development of human societies at large.