Tag Archives: Economics

Questions in Islamic Economics: Connecting Spiritual Growth to Economic Theory

Saif Ali I recently read a status update on LinkedIn by a disappointed man who found himself in a shared taxi with two professional managers. He heard one of them complain to the other about the loss of productivity due … Continue reading

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Corona Virus and Free Market Economics

Salman Ahmed Shaikh Corona Virus can transmit from one person to another person. To avoid exponential growth in the spread of Corona Virus cases, social distancing is suggested. Father of Monetarist School of Economics, Milton Friedman said that one thing … Continue reading

Rate this:

Posted in Articles on Islamic Economics, Socio-Political Issues | Tagged , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Reflections on the Outbreak and Effects of Corona Virus

Salman Ahmed Shaikh Corona Virus has now hit every country. More than 1 million people got infected and 50,000 people have died in just few weeks and experts think that the damage is still far from over. As expected, the … Continue reading

Rate this:

Posted in Socio-Political Issues | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

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

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , , , , , , , , , | Leave a comment

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

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , , , | Leave a comment

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

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , | 2 Comments

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

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , , | 2 Comments

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

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , , , | 7 Comments