A Modern Perspective of Islamic Economics and Finance

This insightful book explores Islamic economics and finance, emphasizing practical applications over traditional academic approaches. A Modern Perspective of Islamic Economics and Finance guides readers in aligning practices with Islamic principles.

In A Modern Perspective of Islamic Economics and Finance, the author embarks on a journey to create a comprehensive blueprint for Islamic economics and finance, beginning with the foundational elements of trade and commerce. The book emphasizes the importance of aligning Islamic finance with the core economic priorities outlined in Islam, offering readers a clear and practical understanding of the subject. By addressing the misconceptions surrounding Maqasid Al-Shari’ah, the author critiques traditional academic approaches that often alienate practitioners seeking actionable insights in the field of economics and finance.

The text highlights the pressing concerns regarding financial sustainability faced by a significant portion of the global population, regardless of their economic background. Islamic finance is portrayed as a vehicle for fostering genuine transactions that contribute to a fair and prosperous society. However, the author notes the industry's shortcomings in fulfilling this role, as it has increasingly mirrored conventional financial systems that diverge from Islamic economic principles. Through this critique, A Modern Perspective of Islamic Economics and Finance seeks to bridge the gap between theory and practice, providing essential guidelines for practitioners.

Furthermore, the book outlines the dos and don'ts of Islamic economics and finance, advocating for an innovative Islamic monetary system that empowers individuals rather than central banks. By emphasizing the importance of producing goods and services that meet societal needs, the author envisions a more equitable financial landscape, encouraging readers to rethink the role of Islamic finance in contemporary society.