This paper explains the notion of market in historical perspective and the role markets play in free enterprise economies. It lists the major market failures and the role governments are expected to play in regulating and supplementing markets including the promotion of CSR from Islamic...

Sustainability in general refers to maintaining the level of a phenomenon in some specified sense over foreseeable future. The term got currency in the economic literature after the 1987 Commission on Environment and Development linked it to growth. This paper examines this linkage with finance...

This brief paper updates the factual information provided in an earlier paper of the author “Fifty years of Malaysian economic development: policies and achievements” of 2007 and modifies its argument at several places.

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,...

Human beings are the most important source of economic progress as well as end users of its fruits. The performance of both the sectors – public and private – is a function of workers’ efficiency – moral and professional. The moral dimension is internal to human beings. It is difficult...

This note explains the circumstances that created the recent economic turmoil in Dubai. It analyses the consequences of the bailout the government ultimately enforced. It questions the role rating agencies play in such crises and suggests regulation of their activities. Finally, it warns of...

This paper raises the issue of an initial structure-objective mismatch in the launching of Islamic finance. The abolition of interest and promotion of growth with equity were goals of the conceived system. These goals expressed a long run vision to improve the condition of the Muslim communities...

This paper raises the issue of an initial structure-objective mismatch in the launching of Islamic finance. The abolition of interest and promotion of growth with equity were goals of the conceived system. These goals expressed a long run vision to improve the condition of the Muslim communities...

This paper raises the issue of an initial structure-objective mismatch in the launching of Islamic finance. The abolition of interest and promotion of growth with equity were goals of the conceived system. These goals expressed a long run vision to improve the condition of the Muslim communities...

The paper discusses three interconnected issues: Is the profit sharing between the Islamic banks and the depositors fair, can the profit sharing ratio between the banks and the borrowers on the one hand and between the banks and depositors on the other be identical in a two-tier mudaraba...