Universities around the globe are offering courses on Islamic economics and finance, but despite the industry's rapid growth, most research has been focused on the financial principles rather than underlying economic principles. The first book of its kind, Introduction to Islamic Economics brings all the key concepts together into one reference volume. By outlining the ways in which Islamic finance and Islamic economics interrelate, this book can help readers to:
Develop an understanding of the Islamic economic system and its institutional scaffolding
Differentiate between the major characteristics of the dominant conventional economy and one based on the fundamental sources of Islam
Understand the conditions that must be met for a just, well-balanced, stable, and growing economy
Clarify the role of State, public policy, and risk-sharing in the Islamic financial system
The Islamic financial system is expanding quickly, and those looking to increase their relevance in a changing economic landscape must get up to speed. Introduction to Islamic Economics provides a comprehensive overview of underlying economic system offering a deeper understanding of the feature of the system. This book is an excellent complement to Introduction to Islamic Finance, 2E by Iqbal and Mirakhor.
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