Economic Doctrines of Islam : A Study in the Doctrines of Islam and Their Implications for Poverty, Employment and Economic Growth

ISBN:
Author: Irfan Ul Haq
Publisher: International Institute of Islamic Thought (IIIT)
Pages: 296 Binding: Paperback

Description from the publisher:

Allah (swt) calls the Quran “guidance foe mankind” and consequently it is established as the primary source of value and ethics and as the comprehensive criteria for man’s nature remolding and society building activities. The Quran not only establishes what the human has to believe in but also tells him/her what to with their lives, and also how and why. For Muslims, the Quran and its ancillary, the Prophet Muhammad’s Sunnah, are the sources of all that is ideal, ethical and meaningful.

In this book author examines the primary sources of Islam to extract and formalize from them the Islamic economic doctrines as well as the sociopolitical framework, which guides the development of society. In particular, emphasis is placed on the problems of poverty, unemployment and lack of human resource development. What the study suggests is that if Islam is properly studied through an idealistic-rational integrated methodology and understood in its spirit and purposes, it reveals a core set of permanent values and principles that form the fixed dimension of Islam which then are applicable to virtually all human situations of society, polity and economy in all space-and-time. It is this in-built dynamism of Islam, demonstrated here with historical examples, that is utilized in approaching and providing solutions to contemporary economic problems and issues.