The prohibition of Insurance in Islam The following is a translation of a section from the excellent book 'The Economic System of Islam' by Sheikh Taqi ud-deen an-Nabhani. Insurance (Ta’meen) Insurance whether on life, goods, property or any of its numerous types is a contract. It is a contract between
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The Role of Contracts in Islam Throughout history Muslims have been renowned traders. Many of the Sahabah (ra) were shrewd businessmen. Indeed, trading is an issue that has been implicitly and explicitly encouraged in the Qur'an and Sunnah. ''O you who believe! Eat not up your property among yourselves in
Read MoreScarcity is not so Scarce (What's Wrong with Capitalism: Part 1) The Era of Democracy" is the slogan used worldwide by the official media to define the 21st Century CE. With 118 of the world's 193 countries currently implementing some form of democracy (or the trappings thereof), the reporters do
Read MoreIslam & the Economic Question In order to address the economic system in Islam, we first of all need to clarify the position of Islam in relation to the quest for material well being. This is because the word dunya, which is associated with material wealth or worldly matters has
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Islamic Economic Thought
The Difference between the Capitalist, Communist & the Islamic Economic System
The difference between the Capitalist, Communist & the Islamic economic System Thoughts, in any nation, are the greatest wealth the nation possesses if the nation is newly born; and they are the greatest gift that any generation can receive from a preceding generation, provided the nation is based on an
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Islamic Economic ThoughtMonetary TheoryThe Policies of Islamic Government
IMPLEMENTATION OF THE GOLD DINAR: IS IT THE END OF SPECULATIVE
IMPLEMENTATION OF THE GOLD DINAR IS IT THE END OF SPECULATIVE SOURCE:http://www.sesrtcic.org/files/article/136.pdf
Read MoreFiqhi Issues in Commodity Futures By: Mohammad Hashim Kamali SOURCE: http://www.kantakji.com/fiqh/Files/Markets/Fiqhi%20Issues%20in%20Commodity%20Futures%20by%20Mohammad%20Hashim%20Kamali.doc
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Intellectual Property RightsIslamic Economic Thought
The Protection of Intellectual Property Under Islamic Law
The Protection of Intellectual Property Under Islamic Law By: Steven D. Jamar Source: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1148735
Read MoreIntellectual Property in Islam Monday, October 12, 2009 By shark The Industrial Revolution in the 18th century was a significant landmark for the elevation of the Western ideological nations. Advances in technology, engineering, medicine, and science influenced all aspects of life, symbolising the transformation of industry and the transition of
Read MoreIntellectual Property Rights and Islam By: Qaiser Iqbal Source: http://www.jdhr.org/publications/papers/Thesis%20Qaisar_B-IPR%20and%20Islam.pdf
Read MoreIntellectual Property Rights in Islam By Sajjad Chowdhry , Mar 6, 2006 Understanding Intellectual Property in today's Muslim world business environment also means coming to terms with the Islamic perspective on the subject. As with many modern issues, diverging views are to be found in Islamic scholars conclusion on this
Read MoreIslam, Intellectual Property, and Free Culture This article was written with the objective of understanding how traditional Islamic law would or does regard intellectual property, with the emphasis here and there (as relevant) to open culture and free software. I am not a lawyer, and this article was written with
Read MoreIslamic Economics ‘Civilization and its well-being as well as business prosperity depend on productivity and people's efforts in all directions in their own interest and profit. When people no longer do business in order to make a living and when they cease all gainful activity, the business of civilization slumps
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Development and The EnvironmentIslamic Economic Thought
The Role of the Government in an Islamic Economy
The Role of the Government in an Islamic Economy EDITORIAL While Islam focuses on individual freedom, the government's role in the economic life has increasingly come under discussion. These discussions have become ever more important in this era of Perestroika, when market is replacing more and more state control. While
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