Tag: Salman Ahmed Shaikh

Moral Reflections on Economics, Vol 5, Issue 6

June 2025 issue (Vol 5, Issue 6) of Moral Reflections on Economics features article “Beyond Integrative Approaches: Methodological Tensions in Islamic Economics” by Aaliah Rafee, highlights of the IFSB Report 2025 by Muhammad Hammad, article on “What is Money” by Muhamed Ahmed, book review of “Economic Thinking of Arab Muslim Writers During the Nineteenth Century” by Prof. Abdul Azim Islahi, research paper in focus on Homo Islamicus and Homo Economicus by Dr. Setiawan and Dr. Sultan, reflections on Khutba-e-Hajjat-ul-Wida and regular sections of market news, economic and financial indicators and call for papers.

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Moral Reflections on Economics, Vol 5, Issue 1

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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Moral Reflections on Economics, Vol 4, Issue 1, 2024

January 2024 issue of Moral Reflections on #Economics is online. It features article on UN #SDGs and #Gaza Crisis, Highlights of Multidimensional #Poverty Index Report 2023, IEP Public Poll results on Economic Boycott, book review of #Islam and Economic Security by Yousuf Qaradawi, research paper in focus on #Halal tourism by Dr. Punit and regular sections of reflections, #news, economic and financial indicators and call for papers. Download for free.

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Islam And Science: Parallel Or Perpendicular

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.

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Paradox: Trade-off Between Shari’ah Compliance and Price Competitiveness

Shari’ah compliance in Islamic banking is necessary. However, achieving that requires certain additional operations and costs which may lead to Islamic banks incurring some additional costs which conventional banks simply avoid. This may make Islamic banks to become costlier than conventional banks and which will reflect in weak position in price competitiveness.

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اسلامی مالیات میں وینچر کیپیٹل فنڈز کا استعمال

اسلامی اقتصادی نظام میں سرمائے کا کوئی مقررہ معاوضہ نہیں ہے۔ لہذا، پیداوار کے عمل سے پیدا ہونے والے حقیقی منافع میں سرمایہ کو اپنا حصہ مل سکتا ہے مگر جس کے لیے ضروری ہے کہ سرمایہ نفع نقصان میں شامل ہو۔ اس سے پیداواری سرگرمیوں مں سرمایہ کاری بڑھتی ہے اور سرمایہ کاری کے نفع بخش ہونے کے لیے صرف ایک فریق یعنی قرض دار ہی نہیں بلکہ تمام سرمایہ دار مل کر سرمایہ کاری کے نفع بخش ہونے کے لیے محنت اور جدوجہد کرتے ہیں۔ اس سے آمدنی کے ساتھ ساتھ دولت کی تقسیم پر بھی مثبت اثرات مرتب ہوسکتے ہیں۔

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