Islamic Economics By Sabahuddin Azmi

ISBN: 9788178980416
Author: Sabahuddin Azmi
Book Binding: Softcover
Pages: 157
Size: 5.8 x 8.3 inches
Publication year: 2002
Description
About This Book:

'Islamic Economics' by Salahuddin Azmi is a thorough and thought-provoking examination of the concepts and foundations that drive the Islamic economic system. This book takes readers on an in-depth trip through the economic concepts, morals, and financial practices inherent in Islamic finance.

Sabahuddin Azmi, a well-known and renowned authority on Islamic economics, methodically discusses the key concepts and principles that distinguish Islamic economics from mainstream economic systems. The book digs into the ethical and moral components of economic operations, highlighting the significance of social justice, equity, and compassion in financial affairs.

The following are key elements of 'Islamic Economics':

Foundations of Islamic Economics:

Azmi introduces readers to the key ideas that govern the Islamic economic framework, emphasizing justice, equity, and ethical behavior in financial transactions.

Prohibition of Interest (Riba):

The book delves into the basic idea of Riba, the prohibition of interest, and its significance in defining financial transactions in Islamic economics.

Zakat and Charity:

Azmi elaborates on the concept of Zakat, Islam's required form of charity, and its critical role in income distribution and social welfare.

Risk-Sharing and Profit-and-Loss Sharing:

This book addresses the principles of risk-sharing and profit-and-loss sharing in Islamic finance, with the goal of fostering fairness and equitable wealth distribution.

Islamic Financial Institutions:

Azmi discusses the role and operations of Islamic financial institutions, such as Islamic banks and Sukuk (Islamic bonds).

Contemporary Relevance:

'Islamic Economics' examines current economic concerns and issues, examining how Islamic economic concepts might be applied to modern financial systems.