A modern perspective of Islamic economics and finance

Traditionally, academic reflections on Islamic economics and finance have relied on a misleading understanding of Maqasid Al-Shari'ah. Much of the current research on the subject dogmatically adheres to the teachings of classical Islamic philosophers and does not appeal to practitioners of econ...

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Bibliographic Details
Main Author: Gundogdu, Ahmet Suayb
Format: eBook
Language:English
Published: Bingley, U.K. Emerald Publishing Limited 2018
Series:Emerald points
Subjects:
Online Access:
Collection: Emerald Business, Management and Economics eBook Collection Archive - Collection details see MPG.ReNa
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100 1 |a Gundogdu, Ahmet Suayb 
245 0 0 |a A modern perspective of Islamic economics and finance  |h Elektronische Ressource  |c by Ahmet Suayb Gundogdu (Istanbul Zaim University, Turkey) 
260 |a Bingley, U.K.  |b Emerald Publishing Limited  |c 2018 
300 |a xv, 148, 10 pages 
505 0 |a Includes bibliographical references and index 
505 0 |a Prelims -- Part I The ship of fools -- Part II The milkmaid and her pail -- Part III Caravan -- Part IV Eleven rounds -- Part V Conquistador -- Part VI The miser -- Part VII Except by Taqwa -- Appendix: To-do list and not-to-do list -- Bibliography -- Index 
653 |a Banks and banking / Religious aspects / Islam 
653 |a Finance / Religious aspects 
653 |a Economics, finance, business & management / bicssc 
653 |a Business & Economics / General / bisacsh 
041 0 7 |a eng  |2 ISO 639-2 
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490 0 |a Emerald points 
856 4 0 |u https://www.emerald.com/insight/publication/doi/10.1108/9781789731378  |x Verlag  |3 Volltext 
082 0 |a 332.1091767 
520 |a Traditionally, academic reflections on Islamic economics and finance have relied on a misleading understanding of Maqasid Al-Shari'ah. Much of the current research on the subject dogmatically adheres to the teachings of classical Islamic philosophers and does not appeal to practitioners of economics and finance who are looking for guidance on practical application rather than academic verbosity.This book aims to develop a blueprint for Islamic economics and finance by starting at the grass roots of trade and commerce. The majority of the world population, both in developed countries and emerging markets, have serious concerns over financial sustainability for themselves or their children. Islamic finance is meant to support an economy through genuine transactions and fulfil a duty to achieve a fair and prosperous society. Unfortunately, the industry has failed to fulfil this proposition and converged to conventional systems that do not link to the wider economic priorities of Islam. This book positions Islamic finance within the economic priorities of Islam while providing a cohesive understanding of Islamic economics and finance in a clear and practical manner. In doing so, the book provides the to-dos and not-to-dos of Islamic economics and finance, and instigates an Islamic monetary system in which people, not central banks, create money as long as they produce things demanded by other people