The comments were offered at an International workshop on Comprehensive human development organized by Insaniya University college and IRTI of IDB on August 18-19, 2009 at Langkawi, Malaysia. The main contribution of the comments are that the construction of human development index is faulty,...

This paper examines the reasons for a widening gap between the conventional theory and current practice of Islamic banks. It finds fault at both the ends. ’No risk, no gain’ is inadequate as a general principle for organizing Islamic finance. It is also not always valid to say that Islam is...

This paper attempts to provide an overview of a vast and important debate from an Islamic angle. It presents the concept of distributional equity in a pure Islamic system. It is argued that this system would ensure distributional equity through reliance on two sets of controls. First is a set of...

This paper finds that the current arrangements for providing financial support to small enterprises are both insufficient and inefficient in Nigeria. It pleads for the introduction of Islamic micro financing in the country for a variety of favourable conditions that already exist there,...

Using human development index of UNDP that the main factors influencing human resource development are the level of per capita income, its rate of growth, state of income distribution, and expenditure on military. HDI tends to lag behind income growth and is inversely related to military...

This paper examines the nature and role of maximization postulates concerning profit and utility in the mainstream price theory formation from a methodological perspective. Mainstream economics retains these postulates, despite much criticism, mainly for two reasons. Firstly, they help establish...

This is a comprehensive review of M. U. Chapra's book 'Islam and Economic Development'It provides a chapterwise summary of the book before reviewing their contents.

Recently commodity murabaha has run into disrepute due to court decisions going against the use of this instrument in Islamic banks. This brief note argues that at fault has been the structure of contracts and the excessive use of the instrument. In principle, commodity murabaha is doubtless...

This is a critical evaluation of the book on the teaching of Islamic Economics by M. N. Siddiqi

This piece presents a summary of the book reviewed before embarking upon a critical evaluation of its contents especially the author's claim that there is no scarcity of resources so far as Islamic economics is concerned.