International Institute of Islamic Thought and Institute of Policy Studies, 1994. — 167 p.
Foreword
Acknowledgement
One Islamic Economics : An Overview
Islamic Worldview
Basic Assumptions
Human nature
Materialism
Ownership
Universalism
Economic Organization
Economic Power
Equilibrium at Less than Full Employment
Islamic Economic Organization
Role of Money
Interest and Public Debt
Interest and Foreign Exchange Instability
Interest and Environment
Interest and Inflation
Islamic Concept of Money
Banking in Islamic Economy
Consumer Behaviour
Consumerism
Simple Living and Intensive Use of Resources
Islamic Values and Consumer Behaviour
Conservation of Resources
Poverty
Contemporary Economic Order
Social and Political Underdevelopment
Over-population
Urbanization
Technology
Social Security System
Fighting Poverty in an Islamic Framework
Fiscal Management
Islamic Principles of Taxation
Deficit Financing
Diffusion of Knowledge
Concluding Remarks
Two The Nature of Islamic Economics
The Recent Upsurge
Definition of Islamic Economics
Falah
Resources
Cooperation and Participation
Sources of Islamic Economics
The Approach of Islamic Economics
Three The Methodology of Islamic Economics
Why Methodology at all?
Need for Defining the Methodology of Islamic Economics
Methodology of Islamic Economics
The Hard Core
The Role of Reason
Inductive or Deductive Reasoning
Assumptions and Method
Problem-Solving
Process of Theorizing
Comparison qf the two Methodologies
Some Related Issues
Role of Revelation
The Assumption of an Ideal Islamic Society
General Theory of Islamic Economy
Concluding Remarks
Four Islamic Economics in Practice
Islamic Banks
Zak ah
Insurance
Waqf
Al-Hisbah
Five Hope for the Future
Islamic Approach to Contemporary Economic
Problems
Unemployment and Inflation
Economic Development
Technology
Economic Power
Consumer Sovereignty
Role of Public Policy
Concluding Remarks
Six Direction of Future Research
Holistic Approach
Search for an Interest-free International Economic Order
Technology
Economic Power
Appendix
Notes
Subject Index
Liability of the Shareholders
Discounting for Project Evaluation
General of Names
Holistic Vision of Human Behaviour
General Theory of Islamic Economy
Initial Resource Endowment
Capitalism and Islam
Falah