The doctrine of "Islamic economics" entered debates over the social role of Islam in the mid-twentieth century. Since then it has pursued the goal of restructuring economies according to perceived Islamic teachings. Beyond its most visible practical achievement--the establishment of Islamic...

Until the modernizing reforms of the 19th century, the Islamic waqf played a massive role in the economy of the Middle East, the Balkans, and North Africa. Formally, it was a trust founded by an individual; income from the endowed assets financed designated services in perpetuity. The largest...

The doctrine of ""Islamic economics"" entered debates over the social role of Islam in the mid-twentieth century. Since then it has pursued the goal of restructuring economies according to perceived Islamic teachings. Beyond its most visible practical achievement--the establishment of Islamic...