Author Archives

Salman Ahmed Shaikh

PhD Economics, National University of Malaysia. Author, Researcher, Teacher and Consultant. He can be contacted at: islamiceconomicsproject@gmail.com

The Scientific Method & Faith-Based Worldview

As far as understanding the properties of matter is concerned with the objective of making our lives useful, religion does not oppose science at all. There is no inherent conflict between science and religion if the scope of both science and faith are duly understood and acknowledged. Islamic worldview does not oppose the use of various tools for obtaining useful knowledge and then using that knowledge for material ends both at an individual and at the societal level.

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Science and Meaning of Life

Stephen Hawking has recently died after living a difficult life physically, but one which was highly productive in terms of intellectual journey and contributions. While acknowledging the tremendous value of the contribution of Stephen Hawking in Cosmological Physics, an attempt is made to clarify the limitations of science in exploring the meaning of life.

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Future Sukuk Growth Depends on Overcoming Challenges

Sukuk issuance needs to be used in providing finance for diverse needs. Corporate issuances follow the trends in business cycles. Sovereign Sukuk for development finance can provide impetus to the Sukuk issuance in cyclical downturns. In addition to that, it can also provide long-term macroeconomic support to the governments and enterprises by building the infrastructure for tomorrow.

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Economics and Pro-Social Behaviour

A great number of empirical studies now challenge the position of conceptualising human behaviour only in the framework of a rational, utility-maximizing homo-economicus. Yet, this framework is used for the purpose of simplicity and tractability in situations where abstraction does not result in major loss of focus and information at hand.

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A Dialogue with Atheists

Animals wake up, find food, eat, sleep and wake up again. As per Atheism, humans are also supposed to have only that same purpose. If I believe in this life only, then as long as I can avoid conflict with material law, control legislation by funding political cronies and muster military and diplomatic strength, I can commit genocide, kill, steal, rob for 50 years of my life and the victims and society cannot do anything unless they gain same power and make me powerless and define a different standard of justice and ethics.

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