Featured: Islamic Economics
This page will display featured articles on Islam and Islamic Economics, which will vary each month, Current page for NOVEMBER 2013. There is a separate list of Featured Articles on other, general topics, including economics.
My personal website: http://asadzaman.net
Guide to my writings on Islamic Economics
A short newspaper article: On Islamic Economics, provides a brief introduction to key ideas of Islamic Economics
Two of my most recent articles are of crucial importance. These are described below:
ABSTRACT: Since the spirit of Islam is in stark and violent conflict with the spirit of Capitalism, the form taken by institutions designed to express this spirit must also be different. Capitalist financial institutions are designed to support the process of accumulation of wealth, which is at the heart of capitalist societies. Central to Islam is the spirit of service, and spending on others, which is expressed by diverse, service-oriented institutions, radically different from those dominant in capitalist societies.
Abstract: The methodology of science is suitable for material substances subject to laws, but not for humans with free will. “Social science” was born from the misconception that application of the scientific method to human beings and societies would lead to remarkable progress. However, this approach has failed in many different ways, documented below. Islam provides us with a radically different approach to the study of human beings and societies, predicated on human freedom to choose between good and evil. This approach is delineated below.
SLOGAN: Conventional Economics is based on competition and greed, while Islamic Economics is based on cooperation and generosity.