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...

Dr. Muhammad Hamidullah (1908-2003) is well-known for discovery, editing and bringing in light a number of rare and invaluable Islamic manuscripts. A significant aspect of his contribution is his pioneering writings on Islamic Economics. He authored more than a dozen essays related to Islamic...

The present paper proposes to study differences in thoughts of the first vs. second generation Islamic economists, during the past forty years. It will also investigate deviations that occurred in thought and practice in this period. But first it will try to determine the basis of...

Mufti Muhammad Abduh (1849-1905), a graduate of Jāmiʿ al-Azhar, was harbinger and precursor of Islamic modernism. He attracted attention of maximum number of researchers on modernism in the Muslim world. His contributions to fiqh, tafsīr, tawḥīd, literature, educational reform and politics...

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...

Not very long ago the practicability of Islamic banking and finance was not taken seriously, and writing on such topics was considered simply a mental exercise in vain. Opportunity of teaching and learning Islamic economics, banking and finance was unheard. But the situation at present has...

The present paper contends the thesis presented by Timur Kuran in his work The Long Divergence: How Islamic Law Held Back the Middle East which asserts that since certain provisions of the Islamic Law, though egalitarian in nature, caused fragmentation of assets, they were responsible for the...

Muhammad Hamidullah was a genius and a prolific writer. Anyone who has interest in the Qur'an's translation, Hadith literature, the Prophet's (peace be upon him) biography, international Islamic law, Islamic politics and archival heritage of Islam, cannot ignore Dr. Muhammad Hamidullah's...

This is a comment on a paper entitled "Economic Ideas of Shehu Usman Dan Fodio" by Sule Ahmed Gusau,published in the Journal Institute of Muslim Minority Affairs vol. X, No.1.

The state of Muslim economic thinking in the tenth century Hijrah corresponding to sixteenth century CE has been an un-researched subject. There are many lessons to be learnt from the economic ideas of the great lights of the period. The present study underscores the thesis that mercantilism was...