The first book presents the papers and proceedings of the International Seminar on "Islamic Thought: Current Issues and Challenges", held at the International Islamic University, Malaysia during July 1987. The papers presented covered the following areas: Historical and Ideological Basis of...

This study argues that diverse approaches are needed to minimize financial exclusion in Islamic Development Bank (IDB) member countries. It recommends that MFIs must consider the cultural and religious sensitivities of Muslim societies while attempting to build inclusive financial systems. The...

According to the standard narrative, economics is an objective and scientific study of universal laws applicable to economic affairs of modern societies. After a brief introduction, the second section of the paper presents a counter-narrative which disputes this claim, and provides an...

In this paper, the foundational rules governing human, economic and financial development in Islam, as understood from the Qur'ān and from the life and traditions of the Prophet Muhammad (pbuh), are summarized. These rules pave the path to development as the basis of institutional structure,...

Islamic finance has been growing rapidly since its launch in the 1970s. The major market for this industry is typically the Middle East and it is gaining popularity in the UK, USA and Southeast Asia. Malaysia is the leading Islamic finance industry in Southeast Asia while its neighbor Singapore...

The idea that development is mainly about the accumulation of wealth commands widespread support. Dissenters have introduced other dimensions of development, but nonetheless agree on the centrality and importance of wealth. However, Islam is primarily concerned with spiritual and moral...

Purpose Corporate social responsibility (CSR) is an important corporate activity that affirms the importance of giving back to the community. This research aims to examine the CSR practices of Palestinian Islamic banks and their contribution to socio-economic development. There is an ongoing...

This study investigates the relationship between Institutional quality, Economic freedom, technological advancement, and Islamic financial development in selected OIC countries. This study employs the panel estimation method to examine annual data pertaining to Islamic bank industries across 22...

The concept of development and progress ultimately depends on the belief and value systems of the human population at large. In neoclassical economics, development is defined and measured narrowly in terms of economic growth only. This is in stark contrast with Islamic notions of human...