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There is a strong belief formed in scholarly and policy circles that contemporary capitalism is the source of many economic, social and political problems that plague the world today. This system is blamed for large inequalities between the rich and the poor, unrestrained profit-seeking without...
Persistent link: https://www.econbiz.de/10012838250
The subject of price control in an Islamic economy dated to early seventh century (AD). It was later critically addressed and developed by the Islamic jurists between eleventh and sixteenth centuries. The paper reviews this development using arguments advanced by four major schools of Islamic...
Persistent link: https://www.econbiz.de/10012927194
Islamic economy phenomenon is known as a separate object of research since 1940s. However, it kindled the curiosity of multinationals and policymakers much later in the 20th century – when multinationals realized the size and the growth rate of Islamic economy's main segment Halal industry and...
Persistent link: https://www.econbiz.de/10012909263
system. We start with the concept of ‘human welfare' in Islam and show how it is distinct from the concept of welfare in …
Persistent link: https://www.econbiz.de/10013058476
Dr. Kahf is one of the prominent Muslim economists writing today on Islamic Economics. His contributions have been generally thought- provoking. The Islamic Economy is another constructive addition by him to the increasing volume of literature on this subject
Persistent link: https://www.econbiz.de/10012927887
The 21-century world has come up with new face that calls for innovative ways to gain power. Soft power is second face of power that allows obtaining desired result by attracting and co-opting others rather than coercing them. Islamic Economy deals with billions of dollars in several sectors...
Persistent link: https://www.econbiz.de/10012996771
Efficient Market Hypothesis (EMH) is founded on the theory of expected rationality but the theory of behavioural finance concludes that stock market investors are quasi-rational. Therefore, under the capitalistic system, the efficient markets have already failed to protect the rights of...
Persistent link: https://www.econbiz.de/10012959863
Turkey has been witnessing a new and interesting phenomenon in recent decades: the emergence of what some call green capital or Islamic capital. Others call the same phenomenon Anatolian tigers. The economic formation originated in those business circles that disapprove interest and...
Persistent link: https://www.econbiz.de/10014211694
In this paper we are going to make a critical review regarding to Islamic economic system and conventional economic system (capitalism),The are number of theories in concern with these theories, however, the source of these theories is Quran ,and human knowledge respectively. In this case first...
Persistent link: https://www.econbiz.de/10013109477
During the 2000s Arab and Islamic American racial identity selection was subjected to an exogenous racializing event, viz., public and private reaction to the Al Qaeda attacks of September 11, 2001. The Al Qaeda attacks clearly demarcate a period in which there was a structural increase in the...
Persistent link: https://www.econbiz.de/10010472819