RESEARCH ON ISLAMIC ECONOMICS AND FINANCE AND ROLE OF FAITH IN MARKETS AND SOCIETY IN POST MODERN SCIENTIFIC AGE
It is encouraging to see the commitment of the authors to engage with criticism of their proposal. Such efforts to engage with critical issues of the economy and society are highly respectable and deserve appreciation. Some further clarifications are humbly provided in response to the rejoinder by the authors.
Rejoinder on the Book Review: Breaking the Trap of Debt, Inflation, Interest and Poverty. Original review can be seen at: https://islamiceconomicsproject.com/2026/05/08/breaking-the-trap-of-debt-inflation-interest-and-poverty/
May 2026 issue (Vol 6, Issue 5) of Moral Reflections on Economics features
• “From Ontological to Epistemic–Institutional Halal” by Prof. Dr. Turalay Kenc, INCEIF University, Malaysia.
• “The Social and Cultural Importance of Hajj” by Dr. Salman Ahmed Shaikh.
• Highlights of Global Trade Report by Muhammad Hammad.
• Book review of “Breaking the Trap of Debt, Inflation, Interest and Poverty” by Qanit Khalilullah and Sohaib Umar.
• Research paper in focus on “Beyond Prohibitions: Unveiling the Hidden Dynamics of Islamic Economics and Finance” by Prof. Dr. Burhan Uluyol.
• Regular sections of reflections, market news, economic and financial indicators and call for papers.
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April 2026 issue (Vol 6, Issue 4) of Moral Reflections on Economics features
• “Remembering Royal Professor Syed Muhammad Naquib al-Attas”.
• “The Story of Humans – A Documentary” conceived and created by Dr. Rehan Ahmed Yousufi.
• Highlights of energy Innovation Report by Muhammad Hammad.
• Book review of “Islamization of Modern Science and Its Philosophy” by Prof. Muhammad Mumtaz Ali.
• Research paper in focus on “Mobilising Home Equity for Climate-Resilient Affordable Housing Through Tokenisation” by Prof. Dr. Tariqullah Khan.
• Regular sections of reflections, market news, economic and financial indicators and call for papers.
Prof. Dr. Naquib at Attas lived a prolific scholarly life which spanned almost a century. One of the pioneer figures in Islamisation, Decolonisation and Desecularization literature. He shared his profound thoughts in his books and public lectures. He provided deeply profound critique of contemporary philosophies of his time and how to respond by not copying rather than deconstructing, decolonising, desecularizing and embracing the ideals, values and principles of Islamic revealed knowledge as foundation. May Allah bless him for his tremendous contributions and mentoring generations of Muslims relentlessly, devotedly and wholeheartedly.
March 2026 issue (Vol 6, Issue 3) of Moral Reflections on Economics features
• “Fasting in Ramadan and UN Sustainable Development Goals” by Salman Ahmed Shaikh.
• “The Erosion of Value: A Macroeconomic Analysis of Inflation” by Ahmed Mohamed.
• Highlights of World Inequality Report 2026 by Muhammad Hammad.
• Book review of “Islamization of Human Sciences” by Prof. Mohd. Yusof Hussain.
• Research paper in focus on “Islamic Economics and Economics as a System of Power” by Dr. Adem Levent and Dr. Fahriye Afacan.
• Regular sections of reflections, market news, economic and financial indicators and call for papers.
February 2026 issue (Vol 6, Issue 2) of Moral Reflections on Economics features
• “Pricing Benchmark, Money Market Instruments and Monetary Policy” by Salman Ahmed Shaikh.
• “Money and Inflation” by Hifz ur Rab.
• Highlights of Oxfam Report on “Resisting the Rule of the Rich” by Muhammad Hammad.
• Book review of “Iqtisaduna” by Baqir Us Sadr.
• Research paper in focus on “Breaking Bad: How Health Shocks Prompt Crime” by Steffen Andersen, Elin Colmsjö, Gianpaolo Parise, Kim Peijnenburg.
• Regular sections of reflections, market news, economic and financial indicators and call for papers.
January 2026 issue (Vol 6, Issue 1) of Moral Reflections on Economics features
“Roundup of IIUM Symposium on Ummah at 1,500 Years” organized by Department of Economics, KENMS, IIUM.
“A Maqasid al Shariah Approach to Reforming Gross Domestic Product” by Davi John J Simundo Palo.
Highlights of Global Health Report 2025 by Muhammad Hammad.
Book review of “A Critical Survey of Islamization of Knowledge” by Prof. Mohamed Aslam Haneef.
Research paper in focus on “Environmental Sustainability in the Prophetic Sunnah: A Foresight Perspective” by Dr. Usama Abdul Majid Alani.
Regular sections of reflections, market news, economic and financial indicators and call for papers.
December 2025 issue (Vol 5, Issue 12) of Moral Reflections on Economics features: “The Dual Structure of Islamic Economics: Economics of Religion and Religious Economics” by Assoc. Prof. Dr. Mohd Nahar Mohd Arshad, Department of Economics, KENMS, IIUM;
“Stabilizing Purchasing Power of Common Medium of Exchange” by Hifz Ur Rab; Highlights of Islamic Finance Development Report by Hammad; Book review of “Capitalism: A Very Brief Introduction” by James Fulcher reviewed by Aisha Wani; Research paper in focus on “Utility Maximization, Morality, and Religion” by Dr. Jonathan E. Leightner and regular sections of reflections, market news, economic and financial indicators and call for papers.
Download at: https://islamiceconomicsproject.com/periodicals/
November issue of Moral Reflections on Economics is published, featuring:
• “Complexity Economics: Dynamic Perspective” by Prof. Dr. Tariqullah Khan.
• Problems with Interest Based System by Hifz Ur Rab.
• Highlights of Social Report 2025 by Hammad.
• Book review of “Methodology of Economics” by Dr. Waleed.
• Research paper in focus on “The Economics Profession, the Financial Crisis, and Method” by Dr. David Colander
• Regular sections of reflections, market news, economic and financial indicators and call for papers.
Islamic Economics Project 