CONTENTS Chronological table of reprinted articles and chapters xv xix General introduction 1 SHAFIQ AND VOLUME I EVOLUTION OF ISLAMIC ECONOMICS Introduction S. M. ZAMAN Islamic economics: and meaning 13 1 Toward a definition of Islamic economics: scientific considerations 15 MUHAMMAD 2 Economic policy in the Islamic period 31 S. M. HASAN-UZ-ZAMAN 3 Islamic economics: foundations and practices 40 JOE H. M. ABBASI, W. AND JR 4 Economic principles of Islam 56 FAZLUR RAHMÄN 5 Nature and significance of Islamic economics 63 AHMAD Islamic economics 2014 digitalisiert durch: IDS Luzern
6 Islamic economics: or science? 77 NIENHAUS 7 Islamic economics: what it is and how it developed 89 M. UMER CHAPRA 2 basis of Islamic economics 113 8 The economy of classical Islam: a 115 SALAH 9 contribution to Islamic economics 144 M. UMER CHAPRA 10 Islam's concept of regarding economic matters 161 ANWAR QURESHI 11 Principles of Islamic economics 171 MASUDUL ALAM CHOUDHURY Thesis of religion: normative basis of Islamic economics AHMED SHAIKH 13 Phases in the development of an Islamic 196 MAX HORTEN 3 Islamic economic 211 14 Islamic economic methodology 213 MOHAMMAD ANWAR 15 Methodology of Islamic economics 230 MUHAMMAD AKRAM KHAN 16 A suggested methodology for the political economy of Islam 247 SHAMIM AHMAD SIDDIQI 17 Islamization of economics: the concept and methodology 272 MUHAMMAD ANAS ZARQA 18 Choice of policy specific issues 313 SYED NAWAB HAIDER
4 Pioneers of Islamic economics 325 19 Shihäb ibn On of personal and public wealth 327 S. M. HASANUZ ZAMAN 20 Economics of Ibn Khaldun revisited 336 ABDOL 21 A approach to social sciences: the philosophy of Ibn Khaldun: historical notes and actual reflections 352 GIOVANNI PATRIARCA 22 Islamic economics: a on contributions 364 AMER AL ROUBAIE AND SHAFIQ A. 23 Ibn Taimiyah's concept of market mechanism 382 ABDUL ISLAHI 24 The of the (279-89/892-901) 394 AHMAD AL-HASAN 25 The of Muhammad Bäqir to Islamic economic thought 405 RODNEY WILSON VOLUME II ISLAMIC ECONOMICS: PHILOSOPHICAL FOUNDATIONS ix Introduction 1 KHURSHID AHMAD 5 General economic philosophy: a backdrop 7 26 The imperialism of economics over ethics 9 JESUS M. ZARATIEGUI 27 Economics, social justice and the common good: perspectives 20 THOMAS NITSCH
28 Embracing in economics: the role of internal constraints in a market economy 39 EDWARD PETER STRINGHAM 29 Religion, and security: a mission studies perspective 64 FRANS WIJSEN 30 The ethics of 76 JESUS HUERTA DE SOTO 31 Distributive justice and subsidiarity: the firm and the State in the social order 89 JOSEPH BURKE 32 The economics of social capital PARTHA DASGUPTA 6 Islamic economic thought 143 33 The economic System in contemporary Islamic thought: Interpretation and assessment 145 KURAN 34 Reflections on Islam and modern thought 178 SEYYED HOSSEIN NASR 35 Economic doctrines of Islam: introduction and philosophy 192 UL HAQ 36 The of Bryson and economic thought in Islam 200 ABDUL ISLAHI 37 Poverty in traditional Islamic thought: is it virtue or captivity? 206 OSMAN GÜNER 38 The "impossibility of Islamic economics 215 MASUDUL ALAM CHOUDHURY 39 Islamic economic thought and the new global economy 244 M. UMER CHAPRA 7 Ethical foundations of Islamic economics 259 40 The Islamic ethical System 261 SYED NAWAB HAIDER
41 Ethics and economic theory 272 MASUDUL ALAM CHOUDHURY AND MOHAMMAD HOQUE 42 Ethics and economics, an Islamic perspective 294 MOHAMMAD A. ELGARI BIN EID 43 A theological economics 301 PAUL OSLINGTON 44 Consumerism and ethical attitudes: an empirical study 314 ABBAS J. ALI AND JOETTE M. WISNIESK 45 Islamic ethical responsibilities for business and sustainable ABUL HASSAN 327 46 The ethics of profits in the Islamic economic system: a socioeconomic analysis 341 SATTAR 8 Philosophical foundations of Islamic economics 349 47 Towards a philosophy of Islamic economics 351 SEYYED REZA NASR 48 The philosophical foundations of Islamic political economy 375 MOHAMMAD A. MUQTEDAR KHAN 49 Economic and social aspects of the origin of Islam 387 W. MONTGOMERY WATT 50 of economic in modern 400 SYED ABUL A'ALA MAUDUDI 51 The Islamic economic and other optimal economic Systems: a critical analysis 412 BERNARD J. REILLY AND HAMID ZANGENEH 52 Economic imbalances and the role of Islam - an essay in Qur'änic Interpretation 428 MUHAMMAD MAZHAR SIDDIQUI 53 Economic change and of Islamic social values 437 RODNEY WILSON
VOLUME ISLAMIC ECONOMICS: THEORIES AND MARKET STRUCTURE Introduction 1 SUHARTO ix 9 Economic theories: general 3 54 On vs virtue ethics as foundations of economic choice theory 5 PETUR JONSSON 55 Towards a new paradigm for economics 26 ASAD ZAMAN 56 Historical origins and of economic 38 DONALD K. GATES AND PETER STEANE 57 Uses and abuses of Adam Smith 72 SEN 58 Beyond the rationality of economic man, toward the true rationality of human man 85 JOHN TOMER 59 Why the market? Markets as social and 104 VIRGIL HENRY STORR PART 10 Market structure and business in Islam 121 60 Consumer protection and the Islamic law of contract MUHAMMAD AKBAR KHAN 61 and family partnerships in the countries of Islam 144 S. D. 62 Principles of relations in Islam: a normative view 164 JAWAD SYED AND ABBAS J. ALI
63 of governance in Islamic economic AND ABBAS MIRAKHOR 64 Business ethics in Islam: the glaring gap in practice 203 AHMAD ABUZNAID PART II Fiscal policy and resource allocation 217 65 Theory of fiscal policy in an Islamic State 219 F. R. FARIDI 66 Economic rationale for the State collection of 237 ZAFAR IQBAL 67 Islamic criteria for the distribution of tax (the mix of direct and indirect taxes and the offsetting function of Zakat) 245 S. M. HASANUZ ZAMAN 68 A comparative study of zakah and modern taxation 259 NUR BARIZAH ABU BAKAR AND ABDUL RAH1M ABDUL RAHMAN 69 Role of fiscal policy in Controlling Inflation in Islamic framework 276 MUHAMMAD NEJATULLAH SIDDIQI 70 The design of for financein an Islamic economy 287 NADEEM UL HAQUE AND ABBAS MIRAKHOR 71 Law, power, and taxation in Islamic history 304 METIN COSGEL, THOMAS MICELI AND RASHA AHMED 72 Towards Islamic tax an alternative to current approaches 333 SAYED AFZAL PEERZADE PART 12 Price and distribution 345 73 Price, currency and trade 347 S. M. YUSUF 74 Study of price and pricefluctuationsin Islamic period 358 S. HASANUZZAMAN
75 Price behaviour, capital and Islamic economy 366 TOSEEF MEHMET ASUTAY AND MUHAMMAD JUNAID KHAWAJA 76 Factor pricing and distribution from an perspective 386 A. H. M. SADEQ 77 Price control in an Islamic economy 405 MUHAMMAD LAWAL AHMAD BASHAR 78 Executive the role of Shari'a compliance 429 WILLIAM MARTY MARTIN AND KAREN HUNT-AHMED VOLUME IV ISLAMIC ECONOMICS: MICRO AND MACRO FOUNDATIONS ix Introduction 1 MASUDUL ALAM CHOUDHURY PART 13 Micro- and macroeconomic 9 79 Towards establishing the microfoundations of Islamic economics: the basis of the basics MUHAMMAD 80 Islamic business contracts, agency problem and the theory of the Islamic firm 23 MD. ABDUL AWWAL SARKER 81 On Muslim consumer behaviour: a mathematical set-up 44 BOUALEM BENDJILALI 82 A critique of economic theory and a of Islamic economics 57 MASUDUL ALAM CHOUDHURY 83 Islam's Integration of the theory of Investment with the theory of distribution 83 S. THANVIR AHMAD
84 in contemporary macroeconomics: an Islamic perspective 92 SHAMIM A. SIDDIQUI PART 14 Trade and economic growth 127 85 Commerce and trade MAHMUD RA'ANA 86 Ibn Khaldun's theory of development: does it explain the low Performance of the Muslim 137 M. UMER CHAPRA 87 theories of growth & development & policy response based on from Islamic perspective 174 SALMAN AHMED SHAIKH 88 and economic growth: a general argument with illustrations from the Islamic world 190 GRIFFIN 89 The alternate growth strategy: Islamic perspective 204 SHAFIQ AND AMER 90 Stabilization and growth in an open Islamic economy 219 IQBAL AND ABBAS MIRAKHOR 91 Modelling the economic growth of an Islamic economy 240 M. RAMZAN AKHTAR PART 15 Islamic distributive justice 261 92 The consumption and distribution of wealth 263 S. M. YUSUF 93 Elimination of poverty: challenges and Islamic strategies 274 ISMAIL SIRAGELDIN 94 Islamic distributive a concise 289 A. A. ISLAHI 95 The Islamic economic order and the right to social security 300 MUHAMMAD M.
96 Toward a theory of aggregate Output, and economic determination in an Islamic economy SAYYID 97 The disbursement of 329 98 Distribution of wealth 338 IRFAN MAHMUD RA'ANA PART 16 and challenges 347 99 Islamic economics in a globalized world: opportunities and challenges for Muslims 349 AMER AL-ROUBAIE AND SHAFIQ ALVI 100 Towards an Islamic approach for environmental balance 364 MUHAMMAD RAMZAN AKHTAR 101 Contemporary Islamic economics: the dimension of genuine Islamization 383 MOHAMED ASLAM HANEEF AND HAFAS FURQANI The of the financial crisis on the global economy: can the Islamic financial System help? 401 MOHAMED ALI TRABELSI 103 Global need for a new economic concept: Islamic economics 414 AKBAR AHMED The struggle for a Islamic economy 436 DIETER WEISS 105 Socio economic values of Islam, and their and relevance to the present day world 450 ZIAUDDIN AHMED Index 461