Issues relating to zakah on equity shares are far from being settled if one considers the available fatawa and observed practices in many Muslim countries. The most basic questions pertain to the correct method of valuation of equity shares for the purpose of estimation of zakah liability. This...

Issues relating to zakah on equity shares are far from being settled if one considers the available fatawa and observed practices in many Muslim countries. The most basic questions pertain to the correct method of valuation of equity shares for the purpose of estimation of zakah liability. This...

Arabic Abstract: إن القضايا المتعلقة بزكاة الأسهم لازالت بعيدة عن الاستقرار على رأي واحد إذا أُخذ بعين الاعتبار الفتاوى الصادرة بشأنها والممارسات التطبيقية لها في...

Nobel prize to Professor Amartya Sen is a recognition to value based orientation and ethical dimensions of economics, and it is this aspect that invites attention of all those who plead for the role of human values and ethics in economics.

Mercantilism was the dominant current of economic thinking and practice during the 16th, 17th, and 18th centuries till the emergence of physiocracy. The scientific discoveries in Europe helped the development of mercantilism in many ways. Discovery of new world provided them with new market and...

In an attempt to investigate Muslim economic thinking in the 12th century Hijrah, corresponding 18th century C E, the present paper explores economic ideas of one of the greatest Muslim personalities of the period, Shehu Uthman Dan Fodio (1167-1233/1754-1817), who is commonly known as revivalist...

Book review of the work of Hossein Askari, Zamir Iqbal, Noureddine Krichene, and Abbas Mirakhor entitled: Risk-sharing in Finance: The Islamic Finance Alternative

The present paper attempts to study the economic and financial crises of 15th century Egypt, which was ruled by Mamluk dynasty. Two social thinkers of the time – al-Maqrizi at the beginning of the century and al-Asadi at the middle – addressed the situation. To the former, deterioration of...

Islamic Finance: Issues in Ṣukūk and Proposals for Reform is a jointly edited volume by Mohammad Hashim Kamali and Abdul Karim Abdullah. This publication is on an important current topic of Islamic economics and finance. With the increasing currency of ṣukūk products, there has been...

Shari'ah Maxims Modern Applications in Islamic Finance by Muhammad Tahir Mansoori is a second updated and revised edition of his previous work published under the same title in 2007. It is, perhaps, the first text book on Shari'ah maxims with modern application in Islamic finance. The author’s...