Cover image for Maqasid foundations of market economics
Title:
Maqasid foundations of market economics
Personal Author:
Publication Information:
London : Edinburgh University Press, 2013
Physical Description:
vii, 240 p. ; 22 cm.
ISBN:
9780748670024

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30000010334547 KBP442 E43 2013 Open Access Book Book
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Summary

Summary

Drawing on received sources of 'maqasid' (Shari'ah's practical objectives), this book demonstrates how the principles of market economics affect how markets and financial instititions actually operate under Shari'ah law. It shows where Islamic economics converges with and differs from conventional economics through the banning of usury and other Shari'ah-prohibited trade practices. Students can check their progress with learning outcomes, chapter previews, chapter summaries and revision questions.


Author Notes

Seif Ibrahim Tag el-Din is Professor of Economics at Imam University, Saudi Arabia. He is the author of over 35 research papers, discussion papers and encyclopedia entries and Editor of the journal Review of Islamic Economics . Seif received his PHD at the University of Edinburgh in Economics. Other qualifications include an MSc in Statistics from Glasgow University and a BSc in Economics and Statistics from Khartoum University.Seif's main research interests are Islamic financial markets, risk-return optimality of interest free finance and economic methodology.The Islamic Development Bank awarded Prof. Dr. Seif Ibrahim Tag el-Din as the winner of the IDB Prize in Islamic Economics for the year 2015 in recognition of the important role he played in advancing the cause of Islamic economics.