Tag: Ramadan

Moral Reflections on Economics, Vol 5, Issue 3

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March 2025 (Vol 5, Issue 3) issue of Moral Reflections on Economics features Article on Reforms in the Zakat System, Highlights of Global Risk Report 2025 by Muhammad Hammad,
Limitations in Mainstream Economics by Mohammad Afif Naqib, Muhammad Faiq, Muhammad Luqman, Muhammad Afi and Mohamad Syahid, IEP Public Poll results on Effects of USA’s Reciprocal Tariffs on Asian Exports, Book review of Islamic Economics and Financial Crisis edited by Prof. Erhan Akkas, Research paper in focus on Blockchain Technology in Zakat Management in India by Arfan Ghouse and Ibrahim Mohammed, Reflections on Lessons from Fasting in Ramadan and regular sections of market news, economic and financial indicators and call for papers.

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Economic Lessons from Fasting in Ramadan

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Fasting in the full-month of Ramadan every year teaches restraint by experiencing it. It brings humility, discipline, restraint, self-control and social consciousness about issues of hunger and deprivation. It is more powerful to share a state of being for the whole month in restraint than an hour of lighting out. It encourages solidarity and pro-social behaviour.

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