Purpose – Aims to consider the empirical works on Islamic financial design in the light of room for improvements. Design/methodology/approach – Looks at the many aspects of the Islamic financial system and suggests some prudent and sound regulatory frameworks which are deemed necessary....

Purpose – To reason whether the interest‐based fiat monetary system is compatible with the objectives of the Islamic law or the Shariah. Design/methodology/approach – This is a theoretical paper that uses the quantity theory of money and the objectives or maqasid al‐Shariah as expounded...

Purpose – To explore the outer reaches of buying, selling, property rights in an Islamic context. Design/methodology/approach – Philosophical, applying legal analysis, critique to the work of Richard Epstein. Findings – That there are no exceptions to the general rule that, under full free...

Purpose – To vindicate whether or not there are signs of social and developmental role in the current practice of Islamic banking in Sudan, a criterion required by the rules guiding the Islamic circulation of money and investment. Design/methodology/approach – The objective of the paper is...

Purpose – Having argued in the part I paper that the interest‐based fiat monetary system is not compatible with the objectives of the Islamic law or the Shariah, this paper seeks to argue why commodity moneys, like the gold dinar and silver dirham, are compatible with the maqasid....

Purpose – Aims to conceptualise a relational epistemology of development planning emanating from the episteme of oneness of Allah as the worldview of unity of knowledge and to make it empirically viable by combining statistical quantification and real‐time simulation in the spatial...

Purpose – The Islamic social capital is characterised by a desire for moral values in production and networking which promotes opportunities for innovative interactions between sets of agents thus forwarding the Islamic ethics. The aim of this paper is to explore the factors that drive...

Purpose – The proposed paper aims at contributing an objective analysis of the nature, agenda and politico‐economic and strategic dynamics of the contemporary movement of globalization. The paper is going to explore the significant patterns of economic changes, which have culminated into...

Purpose – To show the social role of money and how Omanis understand and work upon this social concept. Design/methodology/approach – Sample surveys and diagrams for easy understanding of sampling results. Findings – A strong sense of the social concept of money exists among Omanis. This...

Purpose – This paper seeks to identify the contribution Islamic political economy can make to the contemporary debate which is going on regarding deregulation and the role of the state under transition. Design/methodology/approach – A perspective of Islamic political–economic doctrine is...