Theory and Practice of Islamic Development Cooperation

Theory and Practice of Islamic Development Cooperation
Author: Abulhasan M. Sadeq
Publisher:
Total Pages: 7
Release: 2018
Genre:
ISBN:

Muslims belong to a single Ummah to share the pleasures and pains, and to work hand in hand for material as well as ideological achievements. Such an Islamic ummatic spirit was lost firstly with the fall of the institution of true Islamic khilafah and secondly with the emergence of independent Muslim nation states. Fortunately, the unfortunate happenings in the Middle East led to the realization and need for the revival of the lost ummatic spirit as reflected in the formation of the OIC and its subsidiaries and committees including IDB, COMCEC and so on(1). At the policy level, Muslim Countries (MCs) deliberated on issues related, among other things, to economic cooperation for their self-reliance and development in the forums of OIC and its subsidiaries, although very little has materialized(2). At the intellectual level, interest has been growing in the area of economic cooperation and integration(3) and thus seminars and conferences are being held in the relevant areas(4). Professor Masudul Alam Choudhury's "Theory and Practice of Islamic Development Cooperation" is a valuable contribution in this area of Islamic Economics.

Handbook of Research on Theory and Practice of Global Islamic Finance

Handbook of Research on Theory and Practice of Global Islamic Finance
Author: Rafay, Abdul
Publisher: IGI Global
Total Pages: 888
Release: 2019-12-27
Genre: Business & Economics
ISBN: 1799802205

As an emerging global phenomenon, Islamic economics and the financial system has expanded exponentially in recent decades. Many components of the industry are still unknown, but hopefully, the lack of awareness will soon be stilled. The Handbook of Research on Theory and Practice of Global Islamic Finance provides emerging research on the latest global Islamic economic practices. The content within this publication examines risk management, economic justice, and stock market analysis. It is designed for financiers, banking professionals, economists, policymakers, researchers, academicians, and students interested in ideas centered on the development and practice of Islamic finance.

Development Cooperation in Muslim Countries

Development Cooperation in Muslim Countries
Author: Elvira Ganter
Publisher: Nomos Verlagsgesellschaft
Total Pages: 118
Release: 2006
Genre: Political Science
ISBN:

Culture and development cooperation are inextricably linked. For development cooperation to be both successful and sustainable, cultural concepts need to be taken into account. Against the background of an increasingly politicized discourse about Islam, GTZ has stressed positive potential elements in Muslim societies. Covering a broad range of topics from good governance and conflict resolution to gender and girls education as well as the conservation of natural resources, this book analyzes the limits and potentials of development cooperation in Muslim countries. Many examples from the field help to underline the theoretical analysis. Over and above that, the book is a reflection on the external influence on political, social, and institutional change that development cooperation always entails. The book also makes a contribution to a much needed dialogue with partner countries, and shows that development cooperation can be an important actor in furthering this dialogue.

Labor Economics in an Islamic Framework

Labor Economics in an Islamic Framework
Author: Toseef Azid
Publisher: Routledge
Total Pages: 239
Release: 2021-12-30
Genre: Business & Economics
ISBN: 1000530000

The labor market in Islam is governed by the Islamic laws of fairness, justice, and reward that is equivalent to the job done. Most of the literature in the field discusses the normative aspect of the labor market, whereas few attempts can be seen to address more positive aspects. There is a need for new theoretical and empirical models for the Islamic labor market, which should differ from established approaches. This book provides a comprehensive overview of the nature, scope, and dimensions of the labor market in an Islamic context, from both theoretical and practical perspectives. It presents and discusses labor economics and then compares the similarities and differences between conventional and Islamic views of the labor market, explaining where they meet, and critically justifying why they differ, under the umbrella of Shari'ah. The book raises pertinent issues, which it analyzes from both standpoints and widens the discourse to include norms, morality, and related institutions such as social security and welfare. A unique feature of the book is that it examines labor economics practices among a specific group of countries, and studies the labor conditions within these countries, where the majority of the population follow the teachings of Islam in their daily lives. The book proposes practical strategies for the development of new models for the Islamic labor market which are compatible with the modern world. The book will enable academics and practitioners of Islamic economics to make economic sense of Shari'ah compliance and human resource development.

Ethical Dimensions of Islamic Finance

Ethical Dimensions of Islamic Finance
Author: Zamir Iqbal
Publisher: Springer
Total Pages: 203
Release: 2017-09-27
Genre: Business & Economics
ISBN: 3319663909

This book provides an introductory theoretical foundation of the ethics embedded in Islamic economics and finance, and it shows how this ethical framework could pave the way to economic and social justice. It demonstrates how Islamic finance—a risk-sharing and asset-backed finance—has embedded universal values, ethical rules, and virtues, and how these qualities may be applied to a supposedly value-neutral social science to influence policy-making. This book argues that ethical and responsible finance, such as Islamic finance, could lead the efforts to achieve sustainable economic development. Iqbal and Mirakhor then conduct a comparative analysis of Islamic and conventional financial systems and present Islamic finance as an alternative that can address today’s growing problems of inequality, social injustice, financial repression, unethical leadership, and lack of opportunity to share prosperity.

Islamic Banking and Finance

Islamic Banking and Finance
Author: Munawar Iqbal
Publisher: Edward Elgar Publishing
Total Pages: 270
Release: 2002-01-01
Genre: Business & Economics
ISBN: 9781843765318

It is a well-known fact that conventional commercial banks provide financial intermediation services on the basis of interest rates on assets and liabilities. However, since interest is prohibited in Islam, Islamic banks have developed several other modes through which savings are mobilized and passed on to entrepreneurs, none of which involve interest. Islamic Banking and Finance discusses Islamic financial theory and practice, and focuses on the opportunities offered by Islamic finance as an alternative method of financial intermediation. Key features of profit-sharing (as opposed to debt-based) contracts are highlighted, and the ways in which they can facilitate improved efficiency and stability of a financial system are explored. The authors illustrate that in addition to some 200 Islamic banks operating in Muslim as well as non-Muslim countries, some of the biggest multinational banks are now offering Islamic financial products. This book will fascinate students, researchers and academics with a special interest in comparative banking, middle-eastern studies and international finance, and will also appeal to practitioners of banking and finance.

Economic Empowerment Of Women In The Islamic World: Theory And Practice

Economic Empowerment Of Women In The Islamic World: Theory And Practice
Author: Toseef Azid
Publisher: World Scientific
Total Pages: 678
Release: 2020-06-22
Genre: Business & Economics
ISBN: 9811212163

The book, Economic Empowerment of Women in the Islamic World, discusses the economic, social, and political rights and status of women in Islam, which is theoretically given by the Islamic Jurisprudence (Shariah law). The chapters in this volume will address historical practices in comparison to the status of women in the contemporary Muslim world. Men and women in Islam, regardless of their age, social class, and education, are equal as citizens and individuals, but not identical in their rights and responsibilities. It can be observed from Islamic history that in the early age of Islam, women were given full confidence, trust, and high responsibilities in leadership, educational guidance, and decision-making.This volume will try to clarify the confusion in the status of the women in Islam that is presented by the media, as it is assumed that theoretical Islamic empowerment of women bears little relation to the real conditions of women in modern Muslim societies. It has been widely claimed in the media that Muslim women suffer more than men in Muslim societies and communities in terms of insecurity, domestic abuse, and low access to education and medical care. It is also stated in the press and media that absence of good governance also results in gender inequality and violation of the rights of Muslim women.This volume also aims to provide the solutions for the empowerment of women in the Islamic world. We assumed that without good governance, the status of women is not likely to improve. Muslim women have the potential to play a fundamental role in curbing corruption, social ills, violence, and crime in the Muslim world. This volume will make the case that in order to achieve stability and prosperity, the government must ensure a platform for women to participate in decision-making and hence benefit from the rights they are accorded in Islam.By covering a range of perspectives on the economic lives of Muslim women around the world, it hopes to shed light on the problems faced and to offer possible solutions to the empowerment of women in the Islamic world.