Tag Archives: Political Economy

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

Political Economy from Islamic Standpoint

Salman Ahmed Shaikh Samuel Huntington in his book raised the debate of clash of civilizations and argued that Islam has ‘bloody borders’. But, the data on actual military expenditures paints a very different picture and confirms that almost all major … Continue reading

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Posted in Articles on Islamic Economics, Socio-Political Issues | Tagged , , , , , , , | 11 Comments