Introduction : the significance of policy -- Institutional perspective of Islamic economics -- Economic and social justice : a policy objective in Islam -- Risk sharing finance and the role of public policy -- Lessons from financial crisis : a policy failure? -- Financial and capital market...

"This book provides an introduction to the vision of an economic system based completely on the Holy Qur’an—a system defined as a collection of institutions, representing rules of behavior, prescribed by Allah for humans, and the traditions of the Messenger. The authors argue that the main...

1. Conventional Macroeconomic Policy -- 2. Islamic Macroeconomic Policies -- 3. Capital Markets: Conventional versus Islamic -- 4. Risk Sharing and Public Policy -- 5. Government Finance and the Debt Market -- 6. Government Finance and the Equity Market -- 7. Macro Market Application -- 8. Micro...

Islam proposes the replacement of an interest-based financial system with one which operates on the basis of risk and profit sharing. Using a general equilibrium model, the paper investigates some open-economy implications of adopting Islamic banking for economic growth and stabilization. It...

Frontmatter -- Preface -- Contents -- Chapter 1: On the Logical Character and Coherence of Islamic Economics -- Chapter 2: Consilience as Islamic Methodology of Tawhid: The General Socio-Scientific Framework -- Chapter 3: Economics for a Better Future -- Chapter 4: Game-Theoretic Investigation...