Boycotts are more effective when boycotting consumers make up a large market segment, have substitutes and when consumers can boycott for long.
Economics of Boycott
Paradox: Trade-off Between Shari’ah Compliance and Price Competitiveness
Shari’ah compliance in Islamic banking is necessary. However, achieving that requires certain additional operations and costs which may lead to Islamic banks incurring some additional costs which conventional banks simply avoid. This may make Islamic banks to become costlier than conventional banks and which will reflect in weak position in price competitiveness.
Reflections – Signs of God
When we look at the different life forms, we witness an astonishing spectacle. Certain material objects come together in one body, and there comes into being a creature like a fish swimming through water, or a bird soaring in the skies. Of the great variety of creatures which abound on the earth, the one of greatest interest to us is Man.
اسلامی مالیات میں وینچر کیپیٹل فنڈز کا استعمال
اسلامی اقتصادی نظام میں سرمائے کا کوئی مقررہ معاوضہ نہیں ہے۔ لہذا، پیداوار کے عمل سے پیدا ہونے والے حقیقی منافع میں سرمایہ کو اپنا حصہ مل سکتا ہے مگر جس کے لیے ضروری ہے کہ سرمایہ نفع نقصان میں شامل ہو۔ اس سے پیداواری سرگرمیوں مں سرمایہ کاری بڑھتی ہے اور سرمایہ کاری کے نفع بخش ہونے کے لیے صرف ایک فریق یعنی قرض دار ہی نہیں بلکہ تمام سرمایہ دار مل کر سرمایہ کاری کے نفع بخش ہونے کے لیے محنت اور جدوجہد کرتے ہیں۔ اس سے آمدنی کے ساتھ ساتھ دولت کی تقسیم پر بھی مثبت اثرات مرتب ہوسکتے ہیں۔
قربانی کی معیشت اور اس کے معاشی پہلو
This article in Urdu explains economic significance and implications of the ritual of animal sacrifice in Islam.
Mapping of Islamic Corporate Governance Research: A Bibliometric Analysis
Author argues in the paper that the principles of good corporate governance (GCG) in Islam are more stakeholder oriented than shareholder oriented. It implies that maximizing shareholder wealth is one goal among the many for the corporation in Islamic perspective. It shall fulfil responsibilities towards other stakeholders including internal and external stakeholders.
Philosophy of Science and Limitations of Scientific Method
Scientism regards science as the only source of true and valid knowledge. This view undermines the knowledge of values, ethics and norms. It replaces objective morality with subjective morals which can be tweaked by a minority of individuals in a human society with no accountability to any objective code of ethics.
How Religion Becomes Important for Economics?
How Religion Becomes Important for Economics? This question can be answered through four postulates which summarize how religion and economics come across each other.
Roundup of 3rd International Divine Economics Conference
The third International Divine Economics Conference, organized by the Islamic Social Sciences Forum (ISF) of Hadi Foundation in collaboration with esteemed universities and AJK Medical College, commenced with great enthusiasm in the month of May, 2023 in capital city of AJK, Muzaffarabad.
Climate Crisis Mitigation – Maqasid Al-Shariah Framework in Islamic Economics
Human behaviour, consumption and business activities have been identified as the main cause of the climate crisis the earth is facing at present, having seriously detrimental effects on the earth’s bio capacity to sustain life. These effects, referred to as anthropogenic impacts, are causing degradation of the globally shared public resource known as natural capital.
Islamic Economics Project 