Islamic Economics and Human Well-being

Hardback

Islamic Economics and Human Well-being

Justice, Moderation and Sharing

9781035333684 Edward Elgar Publishing
Muhammad Akram Khan, Former Deputy Auditor General of Pakistan (until 2003) and Chief Resident Auditor, UN Peacekeeping Missions (2003–2007)
Publication Date: May 2024 ISBN: 978 1 03533 368 4 Extent: c 312 pp
The study of Islamic economics provides an interesting complement to conventional economics as they both study economic behaviour to enhance human well-being. Muhammad Akram Khan articulates an expert view on how to use distinct approaches to achieve this in the context of Islamic economics.

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The study of Islamic economics provides an interesting complement to conventional economics as they both study economic behaviour to enhance human well-being. Muhammad Akram Khan articulates an expert view on how to use distinct approaches to achieve this in the context of Islamic economics.

In this comprehensive book, Akram Khan not only illustrates the empirical evidence found in traditional economics but also explores the divine revelation found in the Qur’an and the traditions of the Prophet Muhammad. Highlighting the five dimensions of Islamic justice, namely equality, accountability, reciprocity, fairness and empowering the weak, the book emphasises moderation in the creation and consumption of wealth and outlines a plan for sharing resources with those in need. It goes a step further from material well-being to demonstrate how enhancing human happiness is the goal for a modern society.

This visionary read will be an excellent resource for academics involved in teaching, researching, and writing on Islamic economics. It will also be of great benefit to policy makers and economic managers in Muslim and Western countries who would like to focus on social and economic justice in their societies.
Critical Acclaim
‘This book strikes me as a fresh, original and open-minded study of what an economy that applies Islamic principles in the setting of the 21st century should look like.’
– Hans Visser, Vrije Universiteit, Amsterdam, the Netherlands
Contents
Contents:
Preface
1 Islamic economics: a brief introduction
2 Justice in the Qur’an
3 Justice in economics: an Islamic perspective
4 Justice in finance: prohibition of Riba
5 Investment decisions and social justice
6 Moderation and consumer behaviour
7 Ethical behaviour and material well-being
8 Towards a just society
9 Conclusion to Islamic Economics and Human Well-being
References
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