Islamic Foundation

This book studies the Bait al-Maal institution in early

This essays contained in this book outline the different aspects of Islamic economics and address the possibility of applying them to the present-day situation. This book contains an introductory chapter, which outlines an Islamic economy and has five parts. Part one is on consumption and contains two chapters on the theory of consumer behavior in the Islamic perspective and on the macro consumption function in an Islamic framework. The second part is on banking and finance and contains three chapters discussing an overview of the financial system of

The volume, as explained in its foreword, is a compilation of select papers presented at the 1976 First International Conference on Islamic Economics held at Makka. Dr. Abdullah Nasif pens the foreword. The preface, by Muhammad Omar Zubair, relays enthusiasm for the budding field of Islamic economics. The editor's introduction discusses the general Islamic resurgence as well as the problems within the classical economic outlook. Some of the ideology of

Insurance is an institution grounded in the comprehension of a principle that groups of individuals each contributing small amounts can as a unit be a means of protecting each individual from damaging losses. The author holds that this principle must be used in order to benefit humanity. It is stated that insurance and gambling are completely different matters. The author believes that insurance can be designed in an interest-free and Islamically acceptable manner. Such an insurance system is seen as a component of a just economic order. The author divides his work into four chapters.

The work is a booklet extracted from ISLAMIC PERSPECTIVES: STUDIES IN HONOUR OF SAYYID ABUL A'LA MAWDUDI, a collaborative work edited by Khurshid Ahmad and Zafar Ishaq Ansari. Ahmad's effort is concerned with pointing out the characteristics, principles, and objectives of

The work is drawn from the book ISLAMIC PERSPECTIVES: STUDIES IN HONOUR OF SAYYID ABUL A'LA MAWDUDI, a collaborative work edited by Khurshid Ahmad and Zafar Ishaq Ansari. Chapra's booklet presents fundamental principles of

The booklet was worked on by a group of thinkers at King Abdulaziz University in Jeddah following the production of a manuscript by Umer Chapra. The work is divided into four parts: one on conceptual issues, another on policy matters, a third on international matters, and a last on theoretical frameworks of the field.

The work, originally published in Urdu in 1969, intends to put forth the specifics as to how an interest-free institution can fill the role of a bank in the modern economic world. The author's premise is that interest is completely prohibited in the Shar'iah. His book sets forth a vision of the organization of an interest-free banking system. The work is divided into nine chapters. The first deals with founding the bank; the next, with some business aspects of the organization such as Mudarabah and shareholding.

The author addresses the concept of Riba in Islamic law. References are made to al-

The author sees a just economic system, in the Islamic manner, as one in which absolute poverty is erased and wealth (as well as income) is distributed fairly amongst the members of the society. In such a setting, everyone is free of deprivation of basic essentials. If al-