Tag Archives: Economics

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

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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

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Concept of Wealth in Islamic Economics

Omar Javaid Islamic economics enables a Muslim society to achieve certain ends. It is not so difficult to understand that material resources are required in order to achieve the objectives or Maqasid of Shariah namely “preservation and protection” of Deen, … Continue reading

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Negative Effects of Interest Based Loans on Development

Salman Ahmed Shaikh Most developing countries are going through a perpetual debt trap which takes away resources that could have been used on development, but instead are used to service compounded debt. Continent of Africa seems to be most affected … Continue reading

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Advertising in Presence of Product Differentiation: Outlining Islamic Etiquette

Salman Ahmed Shaikh In the real world, we find many producers for most goods and services. Often, these producers offer differentiated products which means that products differ from each other in some characteristics. Each producer can create demand for its … Continue reading

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