Some writers on Islamic finance have recently resuscitated the old ‘no risk, no gain’ precept from the earlier literature in the wake of 2007-2008 financial crisis. They argue that the basic reason for the recurrence of such crises is the conventional interest-based financial system that...

Some writers on Islamic finance have recently resuscitated the old ‘no risk, no gain’ precept from the earlier literature in the wake of 2007-2008 financial crisis. They argue that the basic reason for the recurrence of such crises is the conventional interest-based financial system that...

Some writers on Islamic finance have recently resuscitated the old ‘no risk, no gain’ precept from the earlier literature in the wake of 2007-2008 financial crisis. They argue that the basic reason for the recurrence of such crises is the conventional interest-based financial system that...

This paper treats the emerging new world order not as a thing by itself but as a continuation of the age long gospel of laissez faire or freedom of trade. That freedom eventually resulted in the colonial exploitation of vast tracts of land by the European powers. The same desire to dominate the...

The comments were offered at an International workshop on Comprehensive human development organized by Insaniya University college and IRTI of IDB on August 18-19, 2009 at Langkawi, Malaysia. The main contribution of the comments are that the construction of human development index is faulty,...

Using human development index of UNDP that the main factors influencing human resource development are the level of per capita income, its rate of growth, state of income distribution, and expenditure on military. HDI tends to lag behind income growth and is inversely related to military...