Fundamentals of Islamic Economics and Finance

Fundamentals of Islamic Economics and Finance

Author(s): Atiq-uz-Zafar Khan & Hafiz Muhammad Yasin
Category: Islamic Economics, Finance, Islamic Banking
Recommended For: Students of Islamic economics and finance, researchers, CSS/PMS candidates, Islamic banking professionals, and business scholars.

Key Points:

1. Introduction to Core Concepts:
   Covers fundamental principles of Islamic economics including Riba (interest prohibition), Zakat (charity), Mudarabah, Musharakah, and risk-sharing.

2. Comparative Approach:
   Explains how Islamic finance differs from conventional economics, focusing on ethics, justice, and socio-economic equity.

3. Shari’ah-Based Financial Instruments:
   Detailed analysis of instruments like Islamic bonds (Sukuk), Islamic insurance (Takaful), and Islamic investment modes.

4. Economic Justice & Social Welfare:
   Emphasizes distributive justice, elimination of exploitation, and wealth circulation as key goals of Islamic economics.

5. Real-World Application:
   Insightful discussions on how Islamic economic principles are applied in modern banking systems, stock markets, and global trade.

6. Structured for Learners:
   Ideal for academic use with summaries, case studies, and review questions in many editions.