The theoretical foundation of Islamic economics and finance is based on, among other things, Homo Islamicus or Islamic Man. Islamic economics and finance theoreticians contrast Homo Islamicus with Homo economicus or the Economic Man. This paper examines whether or not Homo Islamicus is...

As part of Islamic finance industry, one of the areas that has become quite popular is Islamic wealth management (IWM). How IWM is distinguished from its conventional counterparts? How closely the current practices correspond with the maqasid of Islamic finance? This brief paper provides a brief...

In the past half century Islamic economics was eclipsed by Islamic finance movement. Gradually Islamic economics has taken a back seat without any economy to back it up empirically. Although Islamic finance emerged as an offshoot of Islamic economics and with the blessing and advocacy from...

This is definitely a scholarly paper of sufficient originality. Before I offer my critique, let me summarize the paper and identify its core aspects. It argues that a financial system and its constituents “stand upon the assumptions of behavior, markets and institutions” of their respective...

The Muslim world is facing stagnation due to a lack of balance between two opposing forces: the force for continuity/stability and the force for change. This paper makes the case that these forces must be in balance for healthy, Islamic progress of the Muslim society. This paper analyzes the...

Islamic economics [IE] emerged with a new vision and aspiration of a better path to development. Unfortunately, IE has evolved mostly as an intellectual/academic shell, in which poverty eradication, except in rhetoric, is a peripheral concern.Gradually, IE was eclipsed by its offshoot, Islamic...

Among all topics discussed during the International Conference on Multidimensional Finance, Insurance and Investment (ICMFII' 2013) held at the College of Business Administration of University of Bahrain from 23 to 25 November 2013, Islamic finance generated a lot of interest from conference...

Contemporary Islamic economic thought has its roots in the Islamic revivalism of the twentieth century. Since the time of Prophet Muhammad, Muslims had a vibrant and dynamic civilization, where the economic life did go on both at the individual and collective level. While economics as a...

Statistics as a modern discipline has emerged and developed as part of the development of scientific inquiry. While Islamic civilization has contributed to many key areas of modern knowledge, one of the areas that has rarely been explored in this context is statistics. This paper examines the...