Social Justice and Islamic Economics

Theory, Issues and Practice

Buch | Hardcover

226 Seiten

2019
Routledge (Verlag)
978-1-138-55881-6 (ISBN)

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This book uniquely connects social social justice and Islamic finance and economics on this topic. Based on the writings of a number of eminent scholars, this book argues that an alternative and more equitable theoretical and practical economical order can been developed within the framework of Islamic principles.

Under the rule of the current economic order, social injustice is ever-increasing. Issues such as poverty, inhumane working conditions, inadequate wages, social insecurity and an unhealthy labor market continue to persist. Many states are also unable to produce policies capable of resolving these problems. The characteristics of the capitalist system currently render it unable to provide social justice. In fact, on the contrary, the system reinforces these injustices and prevents economic and social welfare from reaching the masses. Many Muslim scholars have analyzed and, indeed, criticized this system for years.

This book argues that an alternative and more equitable theoretical and practical economical order can been developed within the framework of Islamic principles. On the other hand, the experiences of societies under the rule of Muslim governments do not always seem to hold great promise for an alternative understanding of social justice. In addition, the behaviors of Muslim individuals within their economic lives are mostly shaped by the necessities of daily economic conditions rather than by the tenets of Islam that stand with social justice. Until 1990s, studies of Islamic economics made connections between finance and the notion of social justice, but work conducted more recently has neglected this issue.

It is therefore evident that the topic of social justice needs to be revisited in a more in-depth manner. Filling an important gap in existing literature, the book uniquely connects social justice and Islamic finance and economics on this topic. Theory, practice and key issues are presented simultaneously throughout this book, which is based on the writings of a number of eminent scholars.

Toseef Azid is Professor of Economics at the College of Business and Economics, Qassim University, Saudi Arabia. Lutfi Sunar is Associate Professor of Sociology at the University of Istanbul, Turkey.

List of illustrations

List of tables

List of contributors

Foreword

Preface

1 Social Justice in Islam: An Introduction

TOSEEF AZID & LUTFI SUNAR

2 A theory of justice in Islam

MASUDUL ALAM CHOUDHURY

3 Social justice, market, society and government: an Islamic perspective

TOSEEF AZID, OSAMAH HUSSAIN Al RAWASHDEH & MUHAMMAD OMER CHAUDHRY

4 Contractual freedom, market economy and social justice in Islam: the "invisible hand" of God-man’s agency relationship (Khilafah)

VALENTINO CATTELAN

5 How can Islamic banks achieve social justice?

KHOUTEM BEN JEDIDIA

6 How social aids affect people’s willingness to work: developing a social aid framework within the context of Islam

OMER FARUK TEKDOGAN &MEHMET TARIK ERSALAN

7 The role of waqf in socio-economic life in terms of poverty alleviation

HUSNU TEKIN

8 Interest and social justice: the impact of real interest rate on income inequality

OZAN MARASL

9 Productive zakat as a mechanism of social justice in Indonesia

AIMATUL YUMNA

10 Potential zakat collectible in OIC countries and poverty gap

SALMAN AHMED SHAIKH & QAZI MASOOD AHMED

11 Pursuing social justice through Islamic micro-takaful in the informal economy: social capital matter

YULIZAR D. SANREGO

12 Conclusion

TOSEEF AZID & LUTFI SUNAR

Index

Erscheinungsdatum	19.03.2019
Reihe/Serie	Islamic Business and Finance Series
Zusatzinfo	25 Tables, black and white; 21 Line drawings, black and white; 21 Illustrations, black and white
Verlagsort	London
Sprache	englisch
Maße	156 x 234 mm
Gewicht	476 g
Themenwelt	Sozialwissenschaften ► Soziologie
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Wirtschaft ► Betriebswirtschaft / Management ► Marketing / Vertrieb
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	1-138-55881-8 / 1138558818
ISBN-13	978-1-138-55881-6 / 9781138558816
Zustand	Neuware