Islamic Finance News- Saudi finance ministry sells $1.05bln of domestic sukuk
- Mideast stocks factors to watch on May 27
- IMF to add Islamic finance to market surveillance in 2019
- Deals of the day-Mergers and acquisitions
- BUZZ: Oman's Al Izz Islamic Bank climbs on merger hope
- Oman Arab Bank, Alizz Islamic explore merger
- Abu Dhabi reveals earnings estimates for first quarter
- Emirates NBD's Turkish deal lifts Dubai index
- Mideast stocks factors to watch on May 22
- Kuwait Finance House sets up $3bln sukuk programme
Category Archives: Articles on Islamic Economics
The Potential Opportunities with Fintech for Islamic Banking
Salman Ahmed Shaikh Islamic finance can help in enabling access to financial services for people who want Islamic financial services. The key question is that can Islamic finance also provide access to financial services to the bottom of the pyramid … Continue reading
Economics and Pro-Social Behaviour
Salman Ahmed Shaikh 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 … Continue reading
Posted in Articles on Islamic Economics
Tagged Altruism, Charity, Climate Change, Climate Crisis, Consumer Behavior, Consumer Preferences, Consumerism, Ethics, Income Inequality, Islam, Islamic Economics, Micro Economics, Philanthropy, Poverty, Pro-Social Behaviour, Social Economics, Utility Maximization
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Towards an Integrative Framework for Understanding Muslim Consumption Behaviour
In a new paper recently published in Humanomics (Vol 33, Issue 2), an attempt is made to integrate Islamic and mainstream economics framework towards a more realistic understanding of Muslim consumption behaviour. First, the paper gives an account of the … Continue reading
Islam and Institution of Interest Based Lending
Danial Pirani In modern times, the institution of interest is regarded as critical for the stability of an economy. Nearly all the economic and financial institutions are, in one way or the other, connected to the interest based transactions. Interest … Continue reading
Limitations of Mainstream Consumer Theory in Economics
Salman Ahmed Shaikh Mathematical tractability has restricted economic analysis of consumer behavior within a confined boundary of certain axioms. Often, these axioms are found to be empirically false. Even more importantly, these axioms and the analytical framework based on them … Continue reading
Does Science Pose Challenge to Islamic Worldview
Salman Ahmed Shaikh In simple words, science is knowledge established by observation and experimentation through an objective process. Scientific knowledge substantiates that the design, variety and balance in the universe is complex, intricate and detailed. Science tries to disentangle useful … Continue reading
Importance of Worldview in Shaping Economic Choices
Salman Ahmed Shaikh Famine, death from hunger and debt enslavement is the fact of life for the half of the people on earth not because that overall, the societies have scarce resources, but because the distribution of resources is inequitable … Continue reading
Islamic Economics and Behavioral Studies of Religious Agents
Salman Ahmed Shaikh There are two basic contents of religion, the beliefs and the other is practices. For the belief part, commonly shared history, archeology and science also provides sufficient hints for one to rationally decide and keep the belief … Continue reading
Welfare Function in Islam
Salman Ahmed Shaikh Human welfare in Islam encompasses economic welfare, but comprises much more than that. The achievement of human welfare is sought in both aspects of human life, i.e. worldly life and eternal life hereafter. Hence, the human welfare … Continue reading
Difference between Islamic Economics and Islamic Law
Salman Ahmed Shaikh Islamic law is derived from holy Quran and teachings of Prophet Muhamad (pbuh). Analogical deduction of specific juristic applications based on core principles is part of Fiqh. But, to be meritorious as a separate field of inquiry, … Continue reading
Posted in Articles on Islamic Economics
Tagged Capitalism, Classical Economics, Islamic Economics, Islamic Law
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