| Description |
1 online resource (411 pages) |
| Contents |
Intro -- Preface -- Contents -- About the Author -- List of Figures -- List of Tables -- Chapter 1 The Nature and Significance of Islamic Economics: Integrative Approach -- 1.1 Introduction -- 1.2 Worldview Differences -- 1.3 Definition of Islamic Economics -- 1.4 Nature and Scope -- 1.5 The Methods' Controversy -- 1.6 Economic Systems -- 1.7 Problems -- 1.8 Challenges and the Future -- Test Questions -- What Next? -- References -- Chapter 2 Scarcity Self-interest and Maximization: Efficacy for Islamic Economics -- 2.1 Introduction -- 2.2 The Language of Economics |
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2.3 Pre-Islamic Context -- 2.3.1 The Greek Impact -- 2.4 Population vs. Output -- 2.4.1 Holistic Studies -- 2.5 Scarcity of Resources -- 2.5.1 Knowledge vs. Scarcity -- 2.5.2 Scarcity and the Environment -- 2.6 Pursuit of Self-interest -- 2.6.1 Containment, not Rejection -- 2.6.2 Self-interest Is Not Selfishness -- 2.6.3 The Harmony of Interests Fallacy -- 2.6.4 Rationality Exaggerated -- 2.7 Maximizing Behaviour -- 2.7.1 Profit Maximization -- 2.7.2 The Defence: Two Aspects -- 2.7.3 The Final Word -- 2.8 Concluding Remarks -- Test Questions -- What Next? -- References |
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Chapter 3 Islam and Economic Development: Mundane Effort for Spiritual Solace -- 3.1 Introduction -- 3.1.1 Growth Versus Welfare -- 3.1.2 The Un View of Development -- 3.2 More on Islam and Development -- 3.2.1 Consumption and Development -- 3.2.2 Work Effort -- 3.2.3 Productivity and Distribution -- 3.3 Growth Versus Welfare -- 3.3.1 Employment Provision [B] -- 3.3.2 Systemic Stability -- 3.4 More Issues -- 3.4.1 The Question of Motivation -- 3.4.2 The Role of the State -- 3.4.3 Demographic Issues -- 3.4.4 Population Management -- 3.5 Concluding Remarks -- Test Questions |
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What Next? -- References -- Chapter 4 Growth Versus Environment: Pollution and Its Mitigation -- 4.1 Introduction -- 4.1.1 Versions of Sustainability -- 4.2 Growth vs. Welfare [a] -- 4.2.1 Sustainable Growth -- 4.2.2 Intergenerational Equity -- 4.2.3 Curbing Pollution -- 4.3 War and the Environment -- 4.4 The Islamic Position -- 4.4.1 Policy Concerns -- 4.4.2 Finance and the Environment -- 4.5 The Sources of the Problems -- 4.5.1 Pollution and Property Rights -- 4.6 Proposals for Treatment -- 4.6.1 Pollution Types -- 4.6.2 Remedial Plans -- 4.6.2.1 The Coase Theorem Explained |
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The Weaknesses of the Coase Theorem -- Pollution Taxes -- Emissions Trading -- 4.7 Concluding Remarks -- Test Questions -- What Next? -- References -- Chapter 5 Distributive Justice: Foundation and Measures -- 5.1 Introduction -- 5.1.1 Policy Goals -- 5.2 Extent and Nature of Inequities -- 5.3 Marginal Productivity and Distribution -- 5.3.1 Evaluation of the Theory -- 5.3.2 Interest, Profit, and Marginal Productivity -- 5.3.3 Profit, Islam, and Equity -- 5.4 Amanah (Trusteeship)-The Bedrock of Equity -- 5.5 The Structure for Distributive Justice -- 5.5.1 Attitude Towards Wealth |
| Summary |
The book discusses leading issues in Islamic economics and finance that continue to remain in a fluid, non-consensual state in the profession. It examines the nature and significance of Islamic economics. The book deals with the mainstream topics including growth, environment, distributive justice, monetary policy, risk treatment, methodology and Basel Accords to rehabilitate them for the Islamic discipline within the framework of scarcity, self-interest and gain maximization. Further, it explores the role of the state in directing the economy toward achieving Islamic goals of development and welfare. Zubair Hasan is an Indian economist. His teaching research and consultancy work spans over 58 years. During this period, he worked at the University of Delhi, Basra University of Iraq, international Islamic University of Malaysia and INCEIF, the Global University of Islamic finance, Kuala Lumpur. During this period he won several academic awards; the main ones being the Islamic Development banks coveted Prize in Islamic economics (2009) and the OIC Comsec Academic Award 2014. During his long academic career Prof. Hasan published eight books and wrote over 125 working papers and articles in the area of Islamic economics and finance |
| Bibliography |
Includes bibliographical references |
| Notes |
Print version record |
| Subject |
Finance, Public -- Islamic countries.
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Banks and banking.
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Banks and banking
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Finance, Public
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Islamic countries
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| Form |
Electronic book
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| ISBN |
9789811565151 |
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9811565155 |
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