Arabic Abstract: يسعى هذا البحث إلى الإجابة على السؤال الرئيسي وهو هل يمكن أن نستحدث نظاما مصرفيا ونقديا يتم تصميمه في ضوء الشريعة الإسلامية

Managed money is a new phenomenon which has gained prominence after the collapse of the Bretton Woods system in August 1971. There is no possibility of finding a precedence for it in the days of the Prophet (pbuh) or in early Islamic history. A number of questions are, therefore, continually...

The paper examines the teachings of the Qur'an and the Sunnah and the views of a number of classical Muslim scholars with respect to the unity of mankind and its implications for integration of the world economies through increased specialization and division of labor and removal of restrictions...

This paper undertakes a comparative analysis of ethics and economics as enshrined in the worldview of Islam and that which has become the foundational building block of western intellectual orientation. The paper makes an attempt to drive home the importance of ethics as foundation of the...

The paper discusses the causes of financial crises and, in particular, the most recent one which started in 2007 and lasted for around 19 months. It argues that since one of the major causes of the crises is the unhealthy rise in international debt in recent years, it is very likely that there...

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

Dr. Metwally has made an attempt in his paper to show how stability could be brought in share prices in an Islamic economy. His main proposals are essentially two: 1. The Management Committee of the Stock Exchange (MC) should determine the maximum share price (MSP) for each company at intervals...

A number of variables in an economy may be aifectedby seasonal influences such as weather conditions, trade practices, traditions, customs, etc. Since these variations recur year after year with an approximately constant degree of relative intensity and regularity, it is possible to make...

On January 15, 1959, bank rate was raised in Pakistan from its traditionallevel of 3 per cent to 4 per cent. This paper examines the effect of this rise of one percentage point in the bank rate on the borrowings of scheduled banks from the State Bank, their reserves, their lending rates, the...