The study of Islamic economics provides an interesting complement to conventional economics as they both study economic behaviour to enhance human well-being. Muhammad Akram Khan articulates an expert view on how to use distinct approaches to achieve this in the context of Islamic economics.

This book explores in detail the proposition that (private) morality, especially religious morality, is vital for achieving economic well-being and human happiness; and that this linkage would be even stronger in an Islamic economy. The book highlights the need for an active interaction between religion, morality and economics in general and in an (idealized) Islamic economy in particular. Professor Syed Nawab Haider Naqvi has an MA from Yale University and a PhD from Princeton University. He did his post-doctoral work at Harvard University.

New Developments in Islamic Economics: Examples from Southeast Asia investigates the latest developments in a vibrant and fast-moving area of practical financial and economic study. This book is primarily focused on Malaysian contexts, while also presenting perspectives from Indonesia and Thailand.

Gain deeper insight into the principles and theory of Islamic economics Introduction to Islamic Economics: Theory and Application provides an overview of the organizing principles and fundamentals of an Islamic economy. With deep discussion of the characteristics, rationale, key institutions, objectives, and instruments at work, the book addresses the core economic principles underlying a system based on the foundational teachings of Islam, and examines the implications for economic policies. Social welfare, economic justice, market functionality, efficiency, and equity are explored from an Islamic perspective, and the role and instruments of fiscal and monetary policy in Islamic systems are used to illustrate contemporary applications. Universities around the globe are offering courses on Islamic economics and finance, but despite the industry's rapid growth, most research has been focused on the financial principles rather than underlying economic principles. The first book of its kind, Introduction to Islamic Economics brings all the key concepts together into one reference volume. By outlining the ways in which Islamic finance and Islamic economics interrelate, this book can help readers to: Develop an understanding of the Islamic economic system and its institutional scaffolding Differentiate between the major characteristics of the dominant conventional economy and one based on the fundamental sources of Islam Understand the conditions that must be met for a just, well-balanced, stable, and growing economy Clarify the role of State, public policy, and risk-sharing in the Islamic financial system The Islamic financial system is expanding quickly, and those looking to increase their relevance in a changing economic landscape must get up to speed. Introduction to Islamic Economics provides a comprehensive overview of underlying economic system offering a deeper understanding of the feature of the system. This book is an excellent complement to Introduction to Islamic Finance, 2E by Iqbal and Mirakhor.

In this lecture, Dr. Umer Chapra has explained both the subject matter of Islamic economics as well as its methodology in his usual masterly fashion. He has also presented a comparative perspective for solving the eternal economic problem: He has explained how the Islamic economics paradigm deals with this problem and allocates the scarce resources among their alternative uses in such a way that human well-being is maximized without sacrificing social objectives.

Why on earth is economics perceived to come in only one or at best two different a-cultural if not a-moral guises? There are real, and many, alternatives to the economic mainstream. The trouble is, of course, that they are hidden from us. In Integral Economics Ronnie Lessem and Alexander Schieffer pave the way for a sustainable approach to economics, building on the richness of diverse economic approaches from all over the globe. By introducing the most evolved economic perspectives and bringing them into creative dialogue they argue that neither individual enterprises nor wider society will be transformed for the better without a new economic perspective. Here, they introduce a comprehensive framework based on the same 'Four Worlds' model that is applied to enterprise and research in their earlier works. Given the richness of even mainstream economic theory reviewed in this book, let alone the variety of alternative approaches introduced, it is frustrating that policymakers and business practitioners are impoverished by a lack of apparent economic choice - between a seemingly failing capitalism and an already failed communism. The 'villains of the piece' in relation to this lack of choice are not so much the financial community and governments, though they do have much to answer, but the schools of economics and the business schools, that have created the very social ethos, the philosophical principles, and the mathematical models, that influence events. Integral Economics is partly addressed to academics and students in those very schools, who have either realized the error of their ways, or, less dramatically, are curious to explore whether our businesses and communities could be run in a different way. It will be welcomed by informed senior practitioners, eager to understand the current rethink of economic theory and practice and to discover how to position themselves, their organizations, and their society within a new framework.

Why on earth is economics perceived to come in only one or at best two different a-cultural if not a-moral guises? There are real, and many, alternatives to the economic mainstream. The trouble is, of course, that they are hidden from us. In Integral Economics Ronnie Lessem and Alexander Schieffer pave the way for a sustainable approach to economics, building on the richness of diverse economic approaches from all over the globe. By introducing the most evolved economic perspectives and bringing them into creative dialogue they argue that neither individual enterprises nor wider society will be transformed for the better without a new economic perspective. Here, they introduce a comprehensive framework based on the same 'Four Worlds' model that is applied to enterprise and research in their earlier works. Given the richness of even mainstream economic theory reviewed in this book, let alone the variety of alternative approaches introduced, it is frustrating that policymakers and business practitioners are impoverished by a lack of apparent economic choice – between a seemingly failing capitalism and an already failed communism. The 'villains of the piece' in relation to this lack of choice are not so much the financial community and governments, though they do have much to answer, but the schools of economics and the business schools, that have created the very social ethos, the philosophical principles, and the mathematical models, that influence events. Integral Economics is partly addressed to academics and students in those very schools, who have either realized the error of their ways, or, less dramatically, are curious to explore whether our businesses and communities could be run in a different way. It will be welcomed by informed senior practitioners, eager to understand the current rethink of economic theory and practice and to discover how to position themselves, their organizations, and their society within a new framework.

øMankind is faced with a number of serious problems that demand an effective solution. The prevalence of injustice and the frequency of financial crises are two of the most serious of these problems. Consisting of an in-depth introduction along with a

This profound book is a powerful yet balanced critique of mainstream economics that makes a forceful plea for taking economics out of its secular and occident-centred cocoon. It presents an innovative and formidable case to re-link economics with moral and egalitarian concerns so as to harness the discipline in the service of humanity. M. Umer Chapra is ranked amongst the Top 50 Global Leaders in Islamic economics (ISLAMICA 500, 2015) and has been awarded with two prestigious awards for his contributions to the field: Islamic Development Bank Award for Islamic Economics (1989) and the King Faisal International Prize for Islamic Studies (1989).

What do world and regional religions say about economic morality? The Oxford Handbook of Religion and Economic Ethics presents together for the first time the key tenets and teachings of numerous faiths on this subject. In doing so, it also compares the major religions in their positions on various social, business, and policy topics, such as consumerism, competition, ecology, and feminism. It concludes with an analytical synthesis that presents and explains the patterns that emerge from the various religions and themes explored across the Handbook's chapters. Together, these chapters underscore a symbiosis between religion and economic life as they mutually enrich each other. On the one hand, religion improves the efficiency and efficacy of economic life by lowering the frictional and monitoring costs of market operations. Virtuous market participants internalize norms of good economic conduct and behave accordingly. On the other hand, socioeconomic life offers manifold enticements, comforts, and overindulgences that paradoxically push devout adherents to invest themselves even further in their beliefs. Socioeconomic life provides an opportunity for religions to build strong faith communities and for believers to reify their religion in their economic conduct. This Handbook presents the richness, nuances, and rationale of religions and their economic ethics. Readers will discover a remarkable convergence in religions' teachings on economic morality, despite their wide differences in dogma, ecclesial structures, and social practices. This confluence can be traced to similarities in the underlying anthropologies and cosmologies of these faiths. Finally, this Handbook shows, the major faiths share far more values than divide them, at least when it comes to economic morality.