Prof. Khurshid Ahmad passed away on April 13, 2025 at the age of 93 years in Leicester, UK. He was born on March 23, 1932 in Delhi. He was a renowned scholar, academic, economist, prolific writer, policymaker and legislator.
If we delve deeper to find distinction between the laws of nature and miracles, then actually there is only one difference. The events in natural law happen regularly and the events in miracles happen sometimes. There is not much difference in the actual reality of the events in both of them, but there is a difference in the number of occurrences.
This book presents the personal finance management of Prophet Muhammad (PBUH) along with economic teachings. It provides details of both the periods, i.e. period of life spent in Makkah and period of life spent in Medina.
Islamic worldview does not oppose the use of various tools for obtaining useful knowledge and then using that knowledge for material ends both at an individual and societal level. When one reads Quran, Allah is again and again inviting people to ponder over their creation, environment, ecology, design, variety and balance in the organization of matter in the universe in order to decipher the meaning of life amidst all these manifestations. Question of ‘why we exist’ is the focus of Islam. Question of ‘what exists and how’ is the focus of science. Thus, Islam and science are parallel rather than perpendicular to each other.
Contemporary economics considers rationality only in the context of this world without any regard to the life after death. Nonetheless, more than 90% of the people in the world are associated with any of the different religions and in most divine religions, there is concept of afterlife. The common definition of rationality would not describe their behavior as rational. This would be a violation of the basic assumption that economic agents are rational.
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.
This paper discusses the application of Maqasid-e-Shari’ah in Islamic finance discourses and attempts to clarify some misconceptions. The paper also recommends formulating a framework of actualizing Maqasid-e-Shari’ah in Islamic finance.
Recently, NASA has released the earliest clear images of Cosmos in the history of universe. Even if we do not know anything about the Cosmos and how it runs, the fundamental questions about the meaning of our own lives stick in mind no matter whether the universe had and have whatsoever biological, chemical and physical propertie
The noted author is one of the pioneer contributors in the field of Islamic economics. He has written on methodology of Islamic economics from time to time. He is an objective thinker who had made critical evaluation of both mainstream economics as well as Islamic economics on some aspects. In principle, he wants Islamic economics to be an analytical field. He expects that mainstream economics shall avoid bias against religion and should not undermine and disregard knowledge that comes from religious texts. Some knowledge that comes from religious sources dates back to centuries. However, such knowledge is still applicable today. Instead of arriving at same conclusions and reinventing the wheel, it is not unwise to pay heed toward the knowledge that emanates from religion.
Corona Virus has affected millions of people and killed hundreds and thousands of people already in more than 200 countries and territories of the world. Almost all routines of life have been affected. Our tremendous journey in scientific, technological, industrial and economic advances has come to a pause for a while in the last few months. As we ponder over origin of Corona Virus, it is high time to also reflect and think over origin of everything. This short book engages and invites readers to together seek answers from science, philosophy, and spirituality.
Islamic Economics Project 