In this book Dr. Irfan Ul Haq examines the primary sources of Islam to extract and formalize from them the Islamic economic doctrines as well as the sociopolitical framework which guides the development of society. In particular, emphasis is placed on the problems of poverty, unemployment and lack of human resource development. What the study suggests is that if Islam is properly studied through an idealistic-rational integrated methodology and understood in its spirit and purposes, it reveals a core set of permanent values and principles that form the fixed dimension of Islam which then are applicable to virtually all human situations of society, polity and economy in all space-and-time. It is this in-built dynamism of Islam, demonstrated here with historical examples, that is utilized in approaching and providing solutions to contemporary economic problems and issues. Written for students of social science and economics and students of Islam. Economic Doctrines of Islam nevertheless addresses itself to all such individuals who are interested in seeking divine guidance in the realm of ethical social and economic development of human societies at large.

Third part of a 4 Volume series "Economic Doctrines of Islam" by the economist Mr. Afzal-ur-Rahman. The author has discussed in detail all the aspects of the Economics of the present age in the light of Islamic teachings. He has also discussed the prevalent Economic systems of the modern world, analysed them to the Economic system of Islam. Third volume explains the modern theories of interest and presents the Islamic Theory of Zero Rate of interest. It also discusses the system of Zakat and the Law of Inheritance and their place in the Islamic System.

Second part of a 4 Volume series "Economic Doctrines of Islam" by the economist Mr. Afzal-ur-Rahman. The author has discussed in detail all the aspects of the Economics of the present age in the light of Islamic teachings. He has also discussed the prevalent Economic systems of the modern world, analysed them to the Economic system of Islam. Second volume discusses the problems involved in determining the shares accruing to the various factors of production.

First of a 4 Volume series "Economic Doctrines of Islam" by the economist Mr. Afzal-ur-Rahman. The author has discussed in detail all the aspects of the Economics of the present age in the light of Islamic teachings. He has also discussed the prevalent Economic systems of the modern world, analysed them to the Economic system of Islam. First volume explains the basic principles of the Economic System of Islam and discusses the four factors of production and their role in the system.

Final part of a 4 Volume series "Economic Doctrines of Islam" by the economist Mr. Afzal-ur-Rahman. The author has discussed in detail all the aspects of the Economics of the present age in the light of Islamic teachings. He has also discussed the prevalent Economic systems of the modern world, analysed them to the Economic system of Islam. Banking and Insurance, the fourth volume, deals with Monetary System, Interest-Free Banking and Insurance, International Monetary Standard and Public Finance.

The doctrine of "Islamic economics" entered debates over the social role of Islam in the mid-twentieth century. Since then it has pursued the goal of restructuring economies according to perceived Islamic teachings. Beyond its most visible practical achievement--the establishment of Islamic banks meant to avoid interest--it has promoted Islamic norms of economic behavior and founded redistribution systems modeled after early Islamic fiscal practices. In this bold and timely critique, Timur Kuran argues that the doctrine of Islamic economics is simplistic, incoherent, and largely irrelevant to present economic challenges. Observing that few Muslims take it seriously, he also finds that its practical applications have had no discernible effects on efficiency, growth, or poverty reduction. Why, then, has Islamic economics enjoyed any appeal at all? Kuran's answer is that the real purpose of Islamic economics has not been economic improvement but cultivation of a distinct Islamic identity to resist cultural globalization. The Islamic subeconomies that have sprung up across the Islamic world are commonly viewed as manifestations of Islamic economics. In reality, Kuran demonstrates, they emerged to meet the economic aspirations of socially marginalized groups. The Islamic enterprises that form these subeconomies provide advancement opportunities to the disadvantaged. By enhancing interpersonal trust, they also facilitate intragroup transactions. These findings raise the question of whether there exist links between Islam and economic performance. Exploring these links in relation to the long-unsettled question of why the Islamic world became underdeveloped, Kuran identifies several pertinent social mechanisms, some beneficial to economic development, others harmful.