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Islamic Economics,9780415519601
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Islamic Economics

by ;
Edition:
1st
ISBN13:

9780415519601

ISBN10:
0415519608
Format:
Nonspecific Binding
Pub. Date:
8/29/2013
Publisher(s):
Routledge
List Price: $1,105.00

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Questions About This Book?

What version or edition is this?
This is the 1st edition with a publication date of 8/29/2013.
What is included with this book?
  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.

Summary

The editors of this new collection write: Western economists define economics as the branch of knowledge or science which investigates how scarce resources are best allocated into competing claims upon them. These claims are socially and culturally determined. Islamic economics and its principles have also developed from a specific set of social and cultural circumstances, but the key to the whole subject is the guidance given in the Prophetic scriptures. The tenets laid down in the Qur'an provided the basis for a comprehensive, and continuous, system of social and cultural, and hence also economic, behaviour, for which there is no Western equivalent. This collection analyses the rationale of Islamic values and Islamic laws in economic activities. It examines how Islam has contributed several alternative values to business and economic policies in Muslim countries. Consideration is also given to how Islam can be considered as a universal system that can be applied to various economic policies, business strategies and government regulations.


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