Details

Ideal Islamic Economy


Ideal Islamic Economy

An Introduction
Political Economy of Islam

von: Abbas Mirakhor, Hossein Askari

165,84 €

Verlag: Palgrave Macmillan
Format: PDF
Veröffentl.: 11.08.2017
ISBN/EAN: 9781137537270
Sprache: englisch

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Beschreibungen

This book provides an introduction to the vision of an economic system based completely on the Holy Qur’an—a system defined as a collection of institutions, representing rules of behavior, prescribed by Allah for humans, and the traditions of the Messenger. The authors argue that the main reason for the economic underperformance of Muslim countries and their economies has been non-compliance with the prescribed rules of behavior. Rule non-compliance has been chiefly due to the failure of Muslims to comprehend the Metaframework of the Qur’an and the Archetype Model of the Prophet Mohammad and interpret them in ways compatible with their own generation and time. Askari and Mirakhor believe these rules (institutions), properly adapted to prevailing conditions present what they consider as an ideal economic system.
Foreword: Dr. Ali AllawiChapter 1: IntroductionChapter 2: Capitalism and the Islamic Economic SystemChapter 3: Overview of an Ideal Islamic SystemChapter 4: Institutional Structure of a Sound EconomyChapter 5: Rules Governing an Islamic EconomyChapter 6: The Operational Features of an Islamic EconomyChapter 7: Contemporary Muslim Economies and Rule ComplianceChapter 8: Towards Achieving the Ideal Islamic EconomyChapter 9: ConclusionsBibliographyBibliography SupplementIndex
Abbas Mirakhor is the First Holder of INCEIF s Chair in Islamic Finance at INCEIF - The Global University of Islamic Finance, Malaysia. He was the Executive Director and Dean of the Executive Board of the International Monetary Fund. Hossein Askari is Iran Professor of International Business and International Affairs, George Washington University, USA. 
This book provides an introduction to the vision of an economic system based completely on the Holy Qur’an—a system defined as a collection of institutions, representing rules of behavior, prescribed by Allah for humans, and the traditions of the Messenger. The authors argue that the main reason for the economic underperformance of Muslim countries and their economies has been non-compliance with the prescribed rules of behavior. Rule non-compliance has been chiefly due to the failure of Muslims to comprehend the Metaframework of the Qur’an and the Archetype Model of the Prophet Mohammad and interpret them in ways compatible with their own generation and time. Askari and Mirakhor believe these rules (institutions), properly adapted to prevailing conditions present what they consider as an ideal economic system.
Outlines a cohesive economic vision based on the rules of behavior outlined in the Qu'ranDescribes contemporary factors behind the flaws in the economies of Muslim countriesOffers prescriptions for creating the institutional structure of a sound economy

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