Tag Archives: Ethics

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

Rate this:

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

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

Rate this:

Posted in Articles on Islamic Economics, Articles on Islamic Finance | Tagged , , , , , , , , | 12 Comments

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

Ethics and Economics

Salman Ahmed Shaikh As much as people can be selfish, they can be altruist as well. They have free will and they can be as much responsible as they can be reckless. What we need is a conditioning mechanism that … Continue reading

Rate this:

Posted in Socio-Political Issues | Tagged , , , , | 1 Comment

Universal Ethics and Islam

Salman Ahmed Shaikh It is often asked that the ethical side of Islam that Muslims explain is also present in other religions and doctrines. Then, what is so special in quoting universal ethics in defense of Islam’s uniqueness? One must … Continue reading

Rate this:

Posted in General Issues About Islam, Socio-Political Issues | 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