Tag: Islamic Finance

Block chain Technology for Efficient Zakat Management in India: An Exploratory Study

By hammadiep on March 13, 2025 • ( Leave a comment )

This study highlights the potential of block chain technology to modernize traditional Islamic Zakat practices within India’s expanding digital ecosystem. By integrating block chain, Zakat management can become more transparent, secure, and efficient, addressing prevalent issues such as fraud and mismanagement. A block chain-based model involving Muzakki (donors), Zakat institutions, and Mustahiqeens (beneficiaries) can streamline transactions while ensuring compliance with Islamic principles through smart contracts.

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Islamic Economics and Financial Crisis

By hammadiep on March 12, 2025 • ( Leave a comment )

The book compares Islamic and conventional economics in response to economic crises, both across countries and financial institutions and provides a brief analysis of financial crises from a theoretical point of view, examining various approaches. It discusses how the Islamic financial system could serve to mitigate the occurrence of a financial crisis, since the prohibition of Riba, Maysir, and Gharar transactions offers a solution to financial crisis from speculative bubbles and crash. It also discusses some of the challenges facing the Islamic finance industry.

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Reforms in the Zakat System

By hammadiep on March 8, 2025 • ( Leave a comment )

Lack of awareness about Zakat rules is also an important barrier. A great majority of people are not aware of treatment of real estate, financial assets, receivables and debts. It is important to raise awareness and urgency about Zakat. It is a religious obligation and its effective mobilization and disbursement can improve social welfare of masses. Hence, it is critical to raise awareness using public broadcast media, awareness seminars, mosque sermons and other ways of engagement. A hotline and availability of scholar at district office can help the community in Zakat assessment as well.

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History of Islamic Economic Thought

By hammadiep on February 14, 2025 • ( Leave a comment )

Prof. Islahi argues that Muslim scholars made substantial contributions to economic thought, influencing both the development of Islamic economics and, indirectly, the foundations of modern Western economic theory. He challenges the notion that modern economics is solely a product of Western thought, highlighting the intellectual debt owed to earlier Muslim thinkers.

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Highlights of Al-Baraka Forum

By hammadiep on February 12, 2025 • ( 1 Comment )

During the opening ceremony, H.E Mr. Yousef Hassan Khalawi, Secretary General, AlBaraka Forum for Islamic Economy highlighted that the world has now spent more than a full century talking about sustainability. The Islamic world has 22 countries classified as least developed countries. We should focus on our nations and focus on our beliefs, as today we are trying to introduce Sukuk as one of our major initiatives created by Muslim economists, scientists, and experts.

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Islamic Finance and Inclusive Economic Growth

By hammadiep on February 11, 2025 • ( 1 Comment )

In a market following Islamic norms and values, the market forces will determine which Halal goods and services should be produced and offered at what price. Through private sector investment and production, resource markets and product markets will function to enable households to obtain purchasing power by providing rentable factors of production like labour services (Ijarat-ul-Ashkhas) or usufruct of a naturally existing or produced tangible asset (Ijarat-ul-A’yan) in the production process and earn compensation in terms of wage and rent, respectively.

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Moral Reflections on Economics, Vol 5, Issue 2

By Islamic Economics Project on February 7, 2025 • ( Leave a comment )

February 2025 (Vol 5, Issue 2) issue of Moral Reflections on Economics features article on Islamic Finance and Inclusive Growth, Highlights of AlBaraka Forum by Muhammad Hammad, IEP Public Poll results on Effects of USA’s Pullout from Climate Commitments, Book review of History of Islamic Economics Thought by Prof. Abdul Azim Islahi, Research paper in focus on Financial Inclusion and Growth in OIC Countries by Massinissa Ameziane, Reflections on Qur’anic Description of Nature,
Regular sections of market news, economic and financial indicators and call for papers.

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The Value of Societal Values in Finance

By hammadiep on January 12, 2025 • ( Leave a comment )

The author urges that deep and rapid decarbonization must become a global priority because climate tipping points will likely be reached much sooner than previously expected as greenhouse gas emissions continue to rise. To safeguard humanity and its societal systems, it is not only important to consider the time it takes to achieve decarbonization, but to ensure that we avoid reaching the climate tipping points.

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Moral Reflections on Economics, Vol 5, Issue 1

By Islamic Economics Project on January 8, 2025 • ( Leave a comment )

January 2025 (Vol 5, Issue 1) issue of Moral Reflections on Economics is online. It features article on Theories of Economic Development and Islamic Economics, Highlights of Global Hunger Report 2024 by Hammad, IEP Public Poll results on Challenges to Banking Sector in 2025, book review of Reconstruction of Religious Thought in Islam by Allama Iqbal, research paper in focus on The Value of Societal Values in Finance by Carolin Schellhorn, Reflections on Quran and Ethics by Abrar Ahmed and regular sections of market news, economic and financial indicators and call for papers.

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Roundup of World Zakat Waqf Forum 2024

By hammadiep on November 11, 2024 • ( Leave a comment )

The forum emphasized on integrating Zakat and Waqf in a way that transforms lives and strengthens communities. There is need for collective vision encompassing the individual, the family, and the wider social order, fostering a comprehensive approach to socioeconomic development.

Islamic Economics Project

Research on Islamic Economics and Finance and Role of Faith in Markets and Society in Post Modern Scientific Age

Tag: Islamic Finance

History of Islamic Economic Thought

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Highlights of Al-Baraka Forum

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Islamic Finance and Inclusive Economic Growth

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Moral Reflections on Economics, Vol 5, Issue 2

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Moral Reflections on Economics, Vol 5, Issue 1

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Reflections on the Origins in the Post COVID-19 World

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