Revisiting Islamic Economics

Showcases the sources of policy failures financial instability and income disparities

Counters criticism levied against economics about its inability to solve economic problems and predict financial crises

Explains the need for a paradigm shift from Islamic economics to Iqtisaad, a socio-economic system that is entirely independent from other economic doctrines and systems of thought

Explains the need for a paradigm shift from Islamic economics to Iqtisaad Showcases the sources of policy failures which bring about financial instability and income disparities Counters criticism against economics about its inability to solve economic problems and predict financial crises

Autorentext

Nabil El Maghrebi is Vice President at Wakayama University, and Visiting Professor at the Center for Mathematical Modeling and Data Science, Osaka University, Japan.

Abbas Mirakhor is a retired Professor of Economics and the Former Executive Director of the International Monetary Fund (IMF).

Tarik Akin is Head of the Department of Participation Finance at the Finance Office of the Presidency of the Republic of Türkiye.

Zamir Iqbal is the VP Finance and Chief Financial Officer (CFO) of the Islamic Development Bank. Prior to that he served at senior positions at the World Bank.

Inhalt

Chapter 1: Polar visions of the Economy.- Chapter 2: Critiques of Mainstream Economic Doctrines.- Chapter 3: Critiques of the Current State of Islamic Economics.- Chapter 4: Ethics of Iqtisaad.- Chapter 5: Islamic Perspectives on the Cycle of Civilization and Problem of Knowledge.- Chapter 6: Islamization of Economics? An Impossibility Theorem.- Chapter 7: Behavioral Norms and Institutional Structure of Iqtid-driven Economy.- Chapter 8: Rethinking the Essence of Macroeconomic Policies in the Iqtisad Paradigm.- Chapter 9: Risk Sharing and the Stability of Iqtisad-driven Economy.