1.

Record Nr.

UNINA9910255294603321

Autore

Mirakhor Abbas

Titolo

Ideal Islamic Economy : An Introduction / / by Abbas Mirakhor, Hossein Askari

Pubbl/distr/stampa

New York : , : Palgrave Macmillan US : , : Imprint : Palgrave Macmillan, , 2017

ISBN

1-137-53727-2

Edizione

[1st ed. 2017.]

Descrizione fisica

1 online resource (266 pages)

Collana

Political Economy of Islam

Disciplina

320

Soggetti

Political economy

Finance, Public—Islamic countries

Islam

Religion and politics

Religion and sociology

Political planning

International Political Economy

Islamic Finance

Politics and Religion

Religion and Society

Public Policy

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Chapter 1: Introduction -- Chapter 2: Capitalism and the Islamic Economic System -- Chapter 3: Overview of an Ideal Islamic System.- Chapter 4: Institutional Structure of a Sound Economy -- Chapter 5: Rules Governing an Islamic Economy -- Chapter 6: The Operational Features of an Islamic Economy.- Chapter 7: Contemporary Muslim Economies and Rule Compliance.- Chapter 8: Towards Achieving the Ideal Islamic Economy.- Chapter 9: Conclusions. .

Sommario/riassunto

This book provides an introduction to the vision of an economic system based completely on the Holy Qur’an—a system defined as a collection of institutions, representing rules of behavior, prescribed by Allah for humans, and the traditions of the Messenger. The authors argue that



the main reason for the economic underperformance of Muslim countries and their economies has been non-compliance with the prescribed rules of behavior. Rule non-compliance has been chiefly due to the failure of Muslims to comprehend the Metaframework of the Qur’an and the Archetype Model of the Prophet Mohammad and interpret them in ways compatible with their own generation and time. Askari and Mirakhor believe these rules (institutions), properly adapted to prevailing conditions present what they consider as an ideal economic system.