Islamic Finance News- Saudi's AHAB seeks creditor support for settlement under bankruptcy law
- BRIEF-Egypt's Marseilia Updates On MoU With UAE's Amlak To Develop Urban Project
- BRIEF-Kuwait's Noor Receives Letter Of Intent For Part Of Its Stake In Meezan Bank
- BRIEF-Gulf Investment House Board To Discuss Stake Purchase Offer For Associate Co
- BRIEF-Gulf Investment House OGM Approves Capital Decrease
- Finablr's UAE Exchange, Ripple to begin blockchain payments by Q1
- MEDIA-Malaysia's MIDF explores merger with Al Rajhi's local arm - Bloomberg
- Emirate of Ajman plans debut international bond
- UPDATE 1-Goldilocks Investment buys 29.5 pct stake in Dubai-listed Takaful Emarat
- CORRECTED-Goldilocks Investment buys 29.5 pct stake in Dubai-listed Takaful Emarat
Tag Archives: Welfare Economics
Importance of Worldview in Shaping Economic Choices
Salman Ahmed Shaikh Famine, death from hunger and debt enslavement is the fact of life for the half of the people on earth not because that overall, the societies have scarce resources, but because the distribution of resources is inequitable … Continue reading
Welfare Function in Islam
Salman Ahmed Shaikh Human welfare in Islam encompasses economic welfare, but comprises much more than that. The achievement of human welfare is sought in both aspects of human life, i.e. worldly life and eternal life hereafter. Hence, the human welfare … Continue reading
Is Islam the Cause of Underdevelopment
Salman Ahmed Shaikh It is observed that many of the developing countries are countries with Muslim majority population. In fact, if we flip this, almost every country with Muslim majority population seems to be underdeveloped. Is this a coincidence or … Continue reading
Scope of Islamic Economics
Salman Ahmed Shaikh For recognition as a distinct field in economic inquiry, any school of economic thought has to have a distinction in methodology, offer positive explanation of an economic phenomenon or propose unique policy suggestions on recurrent and important … Continue reading
Material Progress and Islam
Salman Ahmed Shaikh Scope and objective of ‘Deen-e-Islam’ is to purify our souls and character in all walks of life and in our different roles in this world. Islamic teachings enable us to shine in life hereafter where every soul … Continue reading
Inheritance Law of Islam and Women
Salman Ahmed Shaikh In the ancient world, women inherited nothing and even when they inherited, they were treated like a minor. Women usually had no independent legal personality. The pre-Islamic Arabs were opposed to inheritance by woman, who could not … Continue reading
Behavior of Firms in Islamic Economic Framework
Salman Ahmed Shaikh In this article, we take a brief look at the theory of the firm in Islamic economics and how a firm’s objectives and governing framework is different in Islamic economic framework as compared to the neoclassical and … Continue reading
Islam and Welfare Economics
Islam is not just an economic system, but, a comprehensive doctrine. A comprehensive doctrine is not just concerned with one particular aspect of human life; rather it is concerned with all aspects of human life. As per Islam, this worldly … Continue reading
Distributional Inequity and Welfare Loss in Interest Based Financial System
Salman Ahmed Shaikh Capitalism, the way it is practiced as an economic system, has largely allowed and provided legal cover to certain exploitative institutions and their operations based on free market philosophy. Such institutions have been chiefly responsible for much … Continue reading
