About: Islamic economic jurisprudence   Sponge Permalink

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Islamic economics refers to the has been called a field of literature that "identifies and promotes an economic order that conforms to Islamic scripture and traditions," and in the economic world an interest-free Islamic banking system. The literature originated in "the lates 1940s, and especially" after "the mid-1960s." The banking system developed during the 1970s. Islamic economic literatures' central features have been called "behavioral norms" derived from the Quran and Sunna, zakat tax as the basis of Islamic fiscal policy and prohibition of interest..

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  • Islamic economic jurisprudence
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  • Islamic economics refers to the has been called a field of literature that "identifies and promotes an economic order that conforms to Islamic scripture and traditions," and in the economic world an interest-free Islamic banking system. The literature originated in "the lates 1940s, and especially" after "the mid-1960s." The banking system developed during the 1970s. Islamic economic literatures' central features have been called "behavioral norms" derived from the Quran and Sunna, zakat tax as the basis of Islamic fiscal policy and prohibition of interest..
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abstract
  • Islamic economics refers to the has been called a field of literature that "identifies and promotes an economic order that conforms to Islamic scripture and traditions," and in the economic world an interest-free Islamic banking system. The literature originated in "the lates 1940s, and especially" after "the mid-1960s." The banking system developed during the 1970s. Islamic economic literatures' central features have been called "behavioral norms" derived from the Quran and Sunna, zakat tax as the basis of Islamic fiscal policy and prohibition of interest.. In Shia Islam, some scholars such as Mahmoud Taleghani, and Mohammad Baqir al-Sadr, have developed an "Islamic economics" emphasizing the uplifting of the deprived masses, a major role for the state in matters such as circulation and equitable distribution of wealth, and ensuring participants in the marketplace are rewarded for being exposed to risk and/or liability. Islamists movements and authors generally describe an Islamic economic system as neither Socialist nor Capitalist, but a "third way" with none of the drawbacks of the other two systems.
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