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...

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...

Purpose – The purpose of this paper examines how the challenge of poverty can be effectively addressed by broadly adopting Islamic value based cooperative model (IVCM) where the members come together to overcome and eventually eradicate the curse of poverty for themselves and for their future...

Modern economies have experienced unprecedented growth and prosperity, enabling a large majority of their societies to rise above poverty. The economics of wealth accumulation seems to have steadily unfolded offering better standards of living to the majority of those living in the developed...