This study discusses prominent criticisms of Islamic economics and reactions to the topic from an approach that incorporates the differences between Muslim and Western-secular cultures.
The Islamic System of Economics may provide practical solutions to existing world economic problems and serve as a viable alternative to the present economic system. This thesis analyzes the use of speculative transactions within stock markets in Islamic countries, and the increasing amount of attempts at short-term stock market gains as opposed to longer term more responsible investments. Do the moral and ethical teachings of
The initial chapter of this work deals with history, function, and development of aswaq in a typically Islamic city. The next chapter moves on to early trade routes in the Arabian Peninsula and their impact on the region, specifically focusing on paths through the Hejaz region and their impact on the city of Jeddah and its aswaq.
There is significant academic research into the concept of interest adjusted accounting statements within capitalist societies, particularly on high levels of cost of capital that have existed during the past decade. Professor John R. Grinyer has developed a model (Earned Economic Income, EEI) that integrates interest adjustments with matched costs to provide accounting signals that are consistent with the Net Terminal Value or Net Present Value models under conventionally adopted assumptions.
This thesis examines the use of insurance in the Islamic world, and explores in greater depth insurance practices in non-Muslim countries that are acceptable in most Islamic countries.
This thesis reviews Islamic economic literature and traces the origins of riba.
The primary purpose of this thesis is to create a theory for evaluating and improving upon Islamic development banks, utilizing the current Islamic Development Bank (IDB) as a case study. The IDB's performance was analyzed within the bounds of financial, economic, social, and technology development functions. Three different perspectives were chosen to evaluate the IDB: the opinion of the staff (supply), the input of the Governor (demand), and a financial and statistical method of analysis. The research here indicates that the IDB is still in the development and growth stage.
This work in compound interest takes a close look at scenarios that involve an agreement which includes compound interest and those that claim such interest as reimbursement for a broken contract. The topic is first discussed as viewed by the Western and Islamic legal practices. The study argues that there are certain fundamental difficulties regarding interest that make compound interest such a complex issue.
This thesis investigates whether Islamic laws can be expanded and adapted to meet the changing needs of modern
This examination financially compares Islamic banks to modern, commercial banks in the hopes of shedding light on the efficiency, advantages, and disadvantages of the Islamic banking system. The Kuwait Finance House, an Islamic institution, is compared to its conventional counterpart, the National Bank of Kuwait. A focus of the evaluation is to assess the effects of the conditions that each bank operates under. In addition, the research attempts to comprehend the two systems' differing frameworks and management, and how they are affected by different types of revenue.