Books

First Principles of Islamic Economics

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Abul A'la Mawdudi is the father of modern Islamic economics. He wrote extensively on the creation of an economic system based on justice. He believed strongly that efficiency and equity must be linked and that the fair creation and distribution of wealth are essential to social justice. Here, Mawdudi's writings are translated into English.

Towards a just monetary system: a discussion of money, banking and monetary policy in the light of Islamic teaching (Islamic economics series No. 8)

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The work systematically presents development in an Islamic perspective and discusses the question of neoclassical, socialist, and traditional approaches' potential to achieve the sort of development that is sought out in

Issues in Islamic banking: selected papers

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The book attempts to show the superiority of the interest-free system to the interest-based system by comparing the two. It explains that the removal of interest-based institutions would be the start to a better monetary order. Chapter one explains the Islamic approach to money, banking and monetary policy and the second chapter addresses banking in an Islamic framework. The third chapter explains the rationale of Islamic banking and the following chapter discusses the economics of profit sharing.