When economic policy is guided solely by GDP, these ethical imperatives may be undermined. For example, a country may pursue industrial expansion that increases GDP but harms public health, violating hifz al nafs. Liberalization of entertainment sectors may boost GDP but erode moral and family values, violating hifz al din and hifz al nasl. Financial expansion through interest-based lending may raise GDP but undermine fairness and risk sharing, violating hifz al mal.
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.
Islamic Economics Project 