Islamic Economics in the World

Islamic Banks, Sharia Investment, Bank Islam Malaysia, Meezan Bank, Economy of the Organisation of the Islamic Confere

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 25. Chapters: Islamic banks, Sharia investment, Bank Islam Malaysia, Meezan Bank, Economy of the Organisation of the Islamic Conference, Islamic capitalism, Al Taqwa Bank, Bank Persatuan, Noor Islamic Bank, Sharia investments, National Commercial Bank, Islamic Bank of Britain, Dow Jones Islamic Fund, Al-Rajhi Bank, International Centre for Education in Islamic Finance, IdealRatings, Islamic Development Bank, Al Shamal Islamic Bank, Abu Dhabi Islamic Bank, Alinma Bank, DMI Trust, Al-Amanah Islamic Investment Bank of the Philippines, Dow Jones Islamic Market Index, The Islamic Bank of Asia, Dubai Islamic Bank, Al Hilal Bank, Bank Muamalat Malaysia, Cham Bank, Al Bilad Bank, Sharjah Islamic Bank, World Islamic Economic Forum, Gulf Finance House. Excerpt: Islamic economics in practice, or economic policies supported by self-identified Islamic groups, has varied throughout its long history. Traditional Islamic concepts having to do with economics included These concepts, like others in Islamic law and jurisprudence, came from the "prescriptions, anecdotes, examples, and words of the Prophet, all gathered together and systematized by commentators according to an inductive, casuistic method." Sometimes other sources such as al-urf, (the custom), al-aql (reason) or al-ijma (consensus of the jurists) were employed. In addition, Islamic law has developed areas of law that correspond to secular laws of contracts and torts. Some argue early Islamic theory and practice formed a "coherent" economic system with "a blueprint for a new order in society, in which all participants would be treated more fairly." Michael Bonner, for example, has written that an "economy of poverty" prevailed in Islam until the 13th and 14th centuries. Under this system God's guidance made sure the flow of money and goods was "purified" by being channeled from those...

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online.