Thesis

Prior to 1970 the Saudi Government faced severe socioeconomic problems, including low contributions of the private sector to GDP and oil revenues as the main source of the national income. As oil revenues rapidly increased between 1972 and 1981, the government attempted to encourage output of the private sector. The primary goal was to diversify income sources in order to decrease the dependency on oil revenues. The government provided interest-free loans to the private sector that increased the gross domestic fixed capital formation of the private sector.

This dissertation examines the Islamic legal system with regards to its theory of punishment. Sources of Islamic Law are analyzed as the foundation on which punishment attains its religious authority. This dissertation surveys the application of qisas and diyah in the early Islamic State, focusing on the application of the Islamic Penal Law in the Sudan. Homicide is divided into three categories: A'md, Shibh al-A'md and Khata.' This dissertation shows that only A'md is punishable with Qisas in the form of the death penalty.

This study examines the goals and effectiveness of the Real Estate Development Fund (REDF) in Saudi Arabia, a program implemented in 1974 to promote housing development. This program represents a new type of policy implemented by the Saudi government, which outlined certain social, religious, political, and cultures provisions to be incorporated into the fund. The methodology used involved collecting data from archives, interviews, and a survey of REDF participants. REDF was effective in housing development, though economic downturns effected the level of funding provided to the program.

In an attempt to conform its economy with Islamic beliefs, Pakistan developed a system of interest-free banking, effective July 1985. This dissertation evaluates the success of interest-free banking by examining its performance in terms of sources and uses of funds, profitability, and rates of return on deposits and finance at various transitional stages, at both an aggregate and disaggregated level involving nationalized commercial banks and selected foreign banks. The process of implementing interest-free banking and the central bank policies are also examined.

This dissertation assesses the relevance of

This dissertation presents the theoretical and practical benefits of Islamic management and development as compared to the present Western system. In management, the Islamic alternative applies Western thoughts to the aims of an organization in an Islamic society and demonstrates the feasibility of Shura and Nassiha. In development, Western concepts incompatible with

This thesis analyzes Fazlur Rahman's hermeneutical method, his theory of the divine revelation of the Qur'an and its application to the case of

This thesis analyzes Sayyid Qutb's interpretations of the Qur'an in his Fi Zilal al-

While theological, juridical, and philosophical interpretations have been clear in their prohibition of riba, there has been no conclusive consensus on the issue, in part because

Ethical norms control and regulate man's socio-economic behavior and dominate economics. The central theme of this study is to analyze the possibility of formulating a framework of an economic system primarily on the basis of the Islamic teachings, utterly independent of the existing Socialism and Capitalism. A holistic methodology is utilized, based on the premise that