DOCSLIB.ORG

Catalog of Mr. Majid Dawood's Donation (Year 2015)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Catalog of Mr. Majid Dawood's Donation (Year 2015) Catalog of Mr. Majid Dawood’s Donation (Year 2015) Custodian: Knowledge Management Centre Date: 06/06/2016 No Title Author/Editor Copy Ed./Year ISBN When Baghdad ruled the Muslim world : the 1 Hugh Kennedy 1 2004 9780306814358 rise and fall of Islam’s greatest dynasty American Islam : the struggle for the soul of 2 Paul M. Barrett 1 2007 9780374104238 a religion The way of Sufi chivalry : when the light of 3 the heart is reflected in the beauty of the Ibn al-Husayn al-Sulami 1 1991 9780892813179 face, that beauty is Futuwwah Chris Horrie and Peter 4 What is Islam? 1 1997 9780352326362 Chippindale 5 The travels of Ibn Battutah Tim Mackintosh-Smith 1 2002 9780330418799 The complete idiot's guide to understanding 6 Yahiya Emerick 1 2002 9780028642338 Islam Commanders of the Muslim army : (among Mahmood Ahmad 7 1 2001 the companions of the Prophet) Ghadanfar Al-Jazeera : how Arab TV news challenged 8 Hugh Miles 1 2005 97800349119250 the world Understanding Islam and the Muslims : T.J. Winter and John A. 9 expanded to include : the Muslim family and 1 2002 1887752471 Williams Islam and world Peace 10 Islam in the modern world Seyyed Hossein Nasr 1 2010 9780061905803 The clash of fundamentalisms : crusades, 11 Tariq Ali 1 2002 9781859846797 jihads and modernity The trouble with Islam : a wake-up call for 12 Irshad Manji 1 2004 9781840188370 honesty and change 13 Oxford English-Arabic dictionary Oxford 1 Shariah AAOIFI - Standards - Arabic Edition 14 2 2002 9781859846797 2010-1431 1 | P a g e No Title Author/Editor Copy Ed./Year ISBN 15 Women's rebellion & Islamic memory Fatima Mernissi 1 1996 1856493989 Participatory financing through investment 16 A.L.M. Abdul Gafoor 1 1996 9830650405 banks and commercial banks 17 Islam for beginners N.I. Matar 1 1992 9780863161551 18 Shattering the myth : Islam beyond violence Bruce B. Lawrence 1 1998 0691057699 19 Islam in Asia : religion, politics, and society John L. Esposito 1 1987 0195040821 A sense of siege : the geopolitics of Islam Graham E. Fuller and Ian 20 1 1995 9780813321493 and the west O. Lesser Islamic philosophy, theology and mysticism 21 Majid Fakhry 1 2000 185168252X : a short introduction American crescent : a Muslim cleric on the power of his faith, the struggle against 22 Imam Hassan Qazwini 1 2007 9781400064540 prejudice, and the future of Islam and America 23 Islam : world religions Matthew S. Gordon 1 2001, Revised ed. 0816044015 Aboo Ibraaheem Abdul 24 Etiquette of a Muslim on the two ‘Eids 1 NA Majeed Ali Easy to read & understand Panj Surah : 25 Zaheen Fatima Baig 1 NA word by word English translation Faith and reason in Islam : Averroes’ 26 Averroes 1 2001 9781851682638 exposition of religious arguments What's right with Islam is what's right with 27 Imam Feisal Abdul Rauf 1 2005 9780060750626 America 28 Funerals : regulations & exhortations Muhammad al-Jibaly 1 1998 1891229036 Islamic Law of trade and finance : a 29 Mohd. Ma'sum Billah 2 2003, 2nd ed. 9832571278 selection of issues Dr. Muhammad Imran 30 Meezanbank's guide to Islamic banking 2 2002 Ashraf Usmani 2 | P a g e No Title Author/Editor Copy Ed./Year ISBN Arabic course for English-speaking students 31 Dr. V. Abdur Rahim 1 2002 9781872531519 : Book 1 Arabic Course for English-speaking students 32 Dr. V. Abdur Rahim 1 2004 9781872531526 : Book 2 Arabic Course for English-speaking students 33 Dr. V. Abdur Rahim 1 2004 9781872531533 : Book 3 Mohamad Saeed 34 A model of pure interest-free banking 1 1994 8185220166 Shingeri Radiant prayers : a collection of easy Mufti Muhammad Taqi 35 prayers from the Quran, Sunnah and from 1 2004 Usmani Sahabah and Tabi'in Radiant prayers : a collection of easy Mufti Muhammad Taqi 36 prayers from the Quran, Sunnah and from 1 2002 Usmani Sahabah and Tabi'in 37 Islamic law of inheritance Dr. Abdul Hai A'rfi 1 1994, 1st ed. Maulana Mufti 38 Life insurance Mohammad Shafi, 2 1995 Maulana Wali Hasan Justice Mufti 2000 39 Sayings of the Prophet Mohammad Taqi 1 Usmani The heirs of the Prophet Muhammad : and 40 Barnaby Rogerson 1 2006 9780316727297 the roots of the Sunni-Shia schism The evolution of Fiqh : (Islamic law and the Dr. Abu Ameenah Bilal 41 2 2005 9960953335 Madh-habs) Philips The Al Jazeera phenomenon : critical 42 Mohamed Zayani 1 2005 9780745323336 perspectives on new Arab media Ziauddin Sardar, Zafar 43 Introducing Islam 1 1994 9781840465822 Abbbas Malik 3 | P a g e No Title Author/Editor Copy Ed./Year ISBN Islamic banking and finance progress and 44 Dr. Zeti Akhtar Aziz 2 9839586351 prospects collected speeches: 2000-2005 Compiled by Research 45 What is Islam 1 2002 9789960861715 Division Darussalam The wisdom of the Prophet : sayings of 46 Thomas Cleary 1 1994 9781570620171 Muhammad Jane Wightwick and 47 Teach yourself Arabic conversation (CD) 1 9780340912386 Mahmoud Gaafar 48 What do we know about Islam? Shahrukh Husain 1 1996 9780750027984 Corporate finance demystified : a self- 49 Troy A. Adair, Jr. 1 2006 9780071459105 teaching guide Fixed-income securities and derivatives 50 Moorad Choudhry 1 2005 1576601641 handbook : analysis and valuation Islam and the moral economy : the 51 Charles Tripp 1 2006 9780521682442 challenge of capitalism No god but god : the origins, evolution, and 52 Reza Aslan 1 2006 9780812971897 future of Islam An introduction to Islamic banking and 53 Abdel Fattah M Farah 1 2009 9789948037873 finance The law and practice of interest free 54 banking with banking tribunals ordinance A R Akhtar 1 1988 (LVIII of 1984) Mohammad Hashim 55 Shari'ah law : an introduction 2 2008 9781851685653 Kamali Muhammad Akram 56 Islamic economics and finance : a glossary 1 2003, 2nd ed. 9780415318884 Khan Islamic commercial law : an analysis of Mohammad Hashim 9832092744 57 2 2000 futures and options Kamali 0946621802 58 Islamic law : an introduction Mohamad Akram Laldin 1 2006 9789833855032 4 | P a g e No Title Author/Editor Copy Ed./Year ISBN Muhammad Taqi 59 An introduction to Islamic finance 2 2004 Usmani Muhammad Taqi 60 An introduction to Islamic finance 1 1998 Usmani Edited by: Dr. Baqir Al- Essays on iqtisad : Islamic approach to 61 Hasani and Dr. Abbas 1 2003 9781592670253 economic problems Mirakhor On Schacht's origins of Muhammadan 62 M Mustafa al-Azami 1 2004 9695190677 jurisprudence Daily wisdom : selections from the Holy 63 Abdur Raheem Kidwai 1 2011 9781847740328 Qur’an 64 A world without Islam Graham E. Fuller 1 2010 9780316072885 Encyclopedia of Islamic law: a compendium 65 Laleh Bakhtiar 1 1996 1567444989 of the major schools The heirs of the Prophets : Warathatu’l- 66 Ibn Rajab Al-Hanbali 1 2001 9781929694129 Anbiya’ Handbook of hybrid instruments : convertible bonds, preferred shares, lyons, 67 Edited by: Izzy Nelken 1 2000 9780471891147 ELKS, DECS and other mandatory convertible notes Islamic banking and finance theory and 68 Muhammad Ayub 1 2002 9698077014 practice Dr. Saalih ibn Ghaanim 69 Fiqh made easy : a basic textbook of Fiqh 1 1999 9781891540073 al-Sadlaan Translated by Dr. A rational explanation of difference of 70 Muhammad Abdul 2 2003 9781842000281 opinion in Fiqh Wahhab The crisis of Muslim history : religion and 71 Mahmoud M. Ayoub 1 2003 1851683267 politics in early Islam 5 | P a g e No Title Author/Editor Copy Ed./Year ISBN A season in Mecca : narrative of a 72 Abdellah Hammoudi 1 2006 9780809076093 pilgrimage 73 A dictionary of modern written Arabic Hans Wehr 1 1974 74 The economic Shari'ah of Islam Javed Ahmad Ghamidi 1 2005 9698799133 75 The mosques of London Fatima Gailani 1 2000 9780953886203 Islamic retail banking and finance : global 76 Edited by Sohail Jaffer 1 2005 1843741989 challenges and opportunities 77 Guide to Islamic finance Thomson Reuters 1 2011 9789881910189 Al Imam Abu Zakariya Collection from Riyad-us-Saliheen : (with 78 Yahya bin Sharaf An- 1 2002 commentary on Ahadith) Nawawi Ad-Dimashqi 79 The crisis of Islamic civilization Ali A Allawi 1 2009 9780300139310 The opening chapter of the Qur'an (Surah Mawlana Abdul Kalam 80 1 1962 9789839154283 al-Fatihah) Azad 81 The pious caliphs Majid Ali Khan 1 1998 9789839154085 Imams and Emirs : state, religion and sects 82 Fuad I. Khuri 1 2006 9780863564260 in Islam Edited by: Muhammad Islamic legal interpretation - Muftis and Khalid Masud, Brinkley 83 1 2005 9780195979114 their Fatwas Messick and David S. Powers 84 Understanding Islam basic principles Garnet Publishing 1 2000 9781859641347 Ahmed Ibn Zayn Al- 85 Essentials of Islam 1 1994 0952085305 Habshi Islam rediscovered : discovering Islam from Maulana Wahiduddin 86 1 2001 9788187570400 its original sources Khan Islam and the living law : the Ibn al-Arabi 87 Eric Winkel 1 1997 9780195776904 approach 6 | P a g e No Title Author/Editor Copy Ed./Year ISBN Prof. Dr. Ala' Eddin 88 Transactions in Islamic law 1 1997 9830650472 Kharofa Adapted Translation by Hazrat Abu Bakr (Great men the great 89 Prof. Dr. Irshad Ul-Haq 1 1992 9690100785 Muslims) Quddusi Sultan Muhammad the Conqueror Adapted Translation by 90 1 1995 969010084X (Generals & conquerors the great Muslims) Sarwat Sharif Noor Jahan (Great women the great 91 Shakila Rashid 1 1995 9690102230 Muslims) Adapted Translation by 92 Hazrat Umer (Great men the great Muslims) Prof. Dr. Irshad Ul-Haq 1 1992 9690100084 Quddusi Aurangzeb Alamgir (Rulers & statesmen the Adapted Translation by 93 1 1992 9690100246 great Muslims) Sarwat Sharif Adapted Translation by 94 Hazrat Ali (Great men the great Muslims) Prof. Dr. Irshad Ul-Haq 1 1992 9690100106 Quddusi Syed Ahmed Shaheed (Reformers & Adapted Translation by 95 1 1994 9690101269 revolutionaries the great Muslims) Sarwat Sharif Tipu Sultan (Generals & conquerors the Adapted Translation by 96 1 1992 9690100777 great Muslims) Dr.
Load more

Recommended publications
  • Abdul Azim Islahi Islamic Economics Research Center King Abdulaziz University, Jeddah, Saudi Arabia
    J.KAU: Islamic Econ., Vol. 23 No. 2, pp: 237-246 (2010 A.D./1431 A.H.) Muhammad Nejatullah Siddiqi Maqasid-e Shari`at (Objectives of the Shariah) Markazi Maktabah-e-Islami, New Delhi. 2009, 322 pp. Review by: Abdul Azim Islahi Islamic Economics Research Center King Abdulaziz University, Jeddah, Saudi Arabia “Maqasid-e-Shariat” (Objectives of the Shariah) is the latest work by Prof. M.N. Siddiqi, first published by the Islamic Research Academy, Islamabad, and republished by the Markazi Maktabah-e-Islami, New Delhi. We have before us the one published from New Delhi. The subject of Objectives of Shariah has assumed utmost importance these days in the wake of numerous new issues faced by the Ummah in recent years. The Urdu language is spoken by a very large number of Muslim population and scholars in the world. But writings on this topic are very few in this Islamically rich language. Prof. Siddiqi seeks to fill this gap and wants to address those who master only this language. Since long time Dr. Siddiqi held that “envisioning Islamic economy in twenty-first century is better done with reference to goals of Islamic law. This will enable us to handle issues like poverty and inequality (observed in his Keynote Address on Islamic Economics: Current State of Knowledge and Development of the Discipline" delivered at the Round Table Discussion – Organized by IRTI during 26-27 May, 2004, Jeddah). He is of the view that there is need to differentiate between objectives of Islam as a way of life and objectives of Islamic jurisprudence.
    [Show full text]
  • Must Money Be Limited to Only Gold and Silver?: a Survey of Fiqhi Opinions and Some Implications(1)
    JKAU: Islamic Econ., Vol. 19, No. 1, pp: 21-34 (2006 A.D/1427 A.H) Must Money Be Limited to Only Gold and Silver?: A Survey of Fiqhi Opinions and Some Implications(1) MUHAMMAD ASLAM HANEEF and EMAD RAFIQ BARAKAT Associate Professor, Department of Economics International Islamic University Malaysia, and Assistant Professor Department of Islamic Economics and Banking Yarmouk University, Jordan ABSTRACT. This paper attempts to provide a survey into the issue of money in Islam. Specifically, it looks at the views of Muslim scholars (primarily past fiqh scholars), on whether money has to be limited to gold and silver or not and discusses some implications of the findings of this brief survey on present day opinions. In this connection it discusses some general points on gold and silver as money, from a historical and ‘contextual’ perspective, followed by some points that are agreed upon by the majority of scholars. It also compares the views of scholars who take the position that only gold and silver can be used as money and the evidences given to support their stand with the views of those who do not limit money to only gold and silver, together with their evidences. 1. Introduction The discussion of money is certainly as old as the economics discipline itself. Early definitions of the discipline were even focused on money/wealth while most measurements today in economics are based on some money value. In the years since the 1997/98 financial crisis, there has been a renewed interest in and perception popularised by some that the Islamic currency as sanctioned in the shari’ah is gold and silver.(2) The crisis created renewed interest in the discussions and debates on money, the monetary system and even calls for a new international financial architecture.
    [Show full text]
  • Commercial Partnership in Islām: a Brief Survey of Kitāb Al-Muḍārabah of Al-Mabsūṭ by Al-Sarakhsī
    TAFHIM Online © IKIM Press TAFHIM: IKIM Journal ofCommercial Islam and Partnership the Contemporary in Islam World 11 (2018): 79–111 Commercial Partnership in Islām: A Brief Survey of Kitāb al-Muḍārabah of al-Mabsūṭ by al-Sarakhsī Mohd. Hilmi Ramli* [email protected] Abstract Muḍārabah is a contract of profit-sharing known as partnership in capital and labour. Its concept and practices were notable in the history of Muslims specifically after its incorporation in the fiqh literatures that have spread to the entire education and economic institutions in the Muslim world. It combines two parties: those who have capital and those who are skilful in business to achieve a common economic objective underpinned by the Sharīʿah. This study analyses the work of al- Mabsūṭ by al-Sarakhsī (d. 483 A.H./1090 C.E.), an accomplished Hanafī jurist (fāqih) in the fifth/ eleventh century, pertaining to muḍārabah drawn from the analysis of the first chapter of the book titled Kitāb al-Muḍārabah. This study is significant as it fills the lacuna in the historiography of Islamic economic thought by focusing on al-Sarakhsī’s epistemic framework and definition of muḍārabah, as well as extending in its coverage from the individual * Zamalah UTM Recipient cum PhD candidate at the Centre for Advanced Studies on Islam, Science and Civilisation (CASIS), Technology University of Malaysia (UTM), Kuala Lumpur. 79 TAFHIM Online © IKIM Press Mohd Hilmi / TAFHIM 11 (2018): 79–111 to the institutional. It is a testimony of how Muslims conducted their economic activities based on the intellectual framework and moral guidance underlined by the Sharīʿah.
    [Show full text]
  • IBA Centre for Excellence in Islamic Finance Library Resources
    IBA Centre for Excellence in Islamic Finance Library Resources Titles Book Name Author Publisher Sahih Muslim Imam Muslim Darul Ishaat Sahih Muslim Imam Muslim Darul Ishaat 1 Sahih Muslim Imam Muslim Darul Ishaat Sahih Muslim Imam Muslim Darul Ishaat Voices Of Islam Vincet J. Cornell Suhail Academy Voices Of Islam Vincet J. Cornell Suhail Academy 2 Voices Of Islam Vincet J. Cornell Suhail Academy Voices Of Islam Vincet J. Cornell Suhail Academy Voices Of Islam Vincet J. Cornell Suhail Academy Islamic Economics: Annonated Sources In English And Urdu Muhammad Akram Khan The Islamic Foundation 3 Islamic Economics: Annonated Sources In English And Urdu Muhammad Akram Khan The Islamic Foundation Simon Archer, Riffat Ahmed Abdul 4 Islamic Finance: The New Regulatory Challenge John Wiley & Sons Karim Al-Jamiaus Sahi Sunan Tirmidhi: The Translation Of The Meaning Of Jami Tirmidhi, Muhammad Ibn Isa Darul Ishaat Tirmidhi 5 Al-Jamiaus Sahi Sunan Tirmidhi: The Translation Of The Meaning Of Jami Tirmidhi, Muhammad Ibn Isa Darul Ishaat Tirmidhi Encyclopaedia Of Islamic Philosophy Seyyed Hossein Nasr Suhail Academy 6 Encyclopaedia Of Islamic Philosophy Seyyed Hossein Nasr Suhail Academy A History Of Sufism In India Saiyid Athar Abbas Rizvi Suhail Academy 7 A History Of Sufism In India Saiyid Athar Abbas Rizvi Suhail Academy Encyclopedia Of Islamic Spirituality Seyyed Hossein Nasr Suhail Academy 8 Encyclopedia Of Islamic Spirituality Seyyed Hossein Nasr Suhail Academy IBA Centre for Excellence in Islamic Finance Library Resources Titles Book Name Author
    [Show full text]
  • Sains Humanika Al-Ghazali's Economic Thought
    Sains Full paper Humanika Al-Ghazali’s Economic Thought: Its Nature and Contemporary Relevance Mif Rohim Noyo Sarkuna*, Surtahman Kastin Hasanb aUniversitas Hasyim Asy’ari Tebuireng Jombang, Indonesia bFaculty of Islamic Civilisation, Universiti Teknologi Malaysia, Johor Bahru, Johor, Malaysia *Corresponding author: [email protected]/[email protected] Abstract The titles ‘hujjatul Islam’ given to al-Ghazali clearly describe his personalities and the importance of his thought. His thought and works had been referred and used as guidance for more than 1000 years. His perspective in economy had covered many aspects and some of them might comparable to contemporary economic thought. This article will highlight concepts that been proposed by al-Ghazali and to analyze it’s relevancy compared to contemporary economic concepts. Some of the concepts and topics of discussion such as economy theory, pricing mechanism, work specialization, barter system & currency, international trade, population and several others proposed by al-Ghazali in some extend had exceeded the concept which have been proposed by contemporary economic scholars. Keywords: al-Ghazali; contemporary economy; pricing mechanism; work specialization; barter system and need of currency © 2015 Penerbit UTM Press. All rights reserved 1.0 INTRODUCTION Al-Ghazali which known as ‘hujatul Islam’ who lived 450-505 H (1058-1111 AD) is one of the infamous Arab-Persian-Islamic intellectual scholars in 5th H century (11 AD). He is a prolific personality which had produce hundreds of ‘risalah’ (books/kitab) which had covered many knowledge such as fiqh, usul-fiqh, theology, philosophy, mysticism, logic and social. Even though his main works focus on ethico- philosophy, there is a lot of economy discipline aspects and concepts in his works.
    [Show full text]
  • Islamic Economic Studies
    ISLAMIC ECONOMIC STUDIES Vol. 21 No. 2 Muharram 1435H (November 2013) Advisory Board Articles Khurshid Ahmad Ziauddin Ahmad Fiscal and Monetary Policies in Islamic Economics: Contours of Mohamed Ariff an Institutional Framework M. Umer Chapra Seif I. Tag el-Din Sayyid Tahir Abbas Mirakhor John R. Presley Are Islamic Banks Sufficiently Diversified? An Empirical Mohamed Ali Elgari Analysis of Eight Islamic Banks in Malaysia M. Nejatullah Siddiqi Rodney Wilson M Ali Chatti, Sandrine Kablan and Ouidad Yousfi Abdel-Rahman Yousri M. Anas Zarqa Trade and Human Development in OIC Countries: A Panel Data M. Umar Zubair Analysis Tariqullah Khan Zarinah Hamid and Ruzita Mohd Amin Economic and Financial Crises in Fifteenth-Century Egypt: Lessons from the History Abdul Azim Islahi Events and Reports Book Review In Focus: IRTI’s Recent Publications Abstracts of Articles Published in Dirasat Iqtisadiah Islamiah Cumulative Index of Papers List of IRTI Publications Islamic Research & Training Institute (IRTI) Establishment The Islamic Research and Training Institute (IRTI) was established by the Board of Executive Directors (BED) of the Islamic Development Bank (IDB) in conformity with paragraph (a) of the Resolution No. BG/14-99 of the Board of Governors adopted at its Third Annual Meeting held on 10th Rabi-ul-Thani, 1399H corresponding to 14th March, 1979. The Institute became operational in 1403H corresponding to 1983. The Statute of the IRTI was modified in accordance with the resolutions of the IDB BED No.247 held on 27/08/1428H. Purpose The Institute undertakes research for enabling the economic, financial and banking activities in Muslim countries to conform to Shari[ah, and to extend training facilities for personnel engaged in development activities in the Bank’s member countries.
    [Show full text]
  • Economic Thought of Al-Ghazali
    Munich Personal RePEc Archive Economic Thought of al-Ghazali Islahi, Abdul Azim and Ghazanfar, Shaikh Mohammad Islamic Economics Institute, King Abdulaziz University, Jeddah, University of Idaho, Mosco, USA 1998 Online at https://mpra.ub.uni-muenchen.de/53465/ MPRA Paper No. 53465, posted 12 Feb 2014 12:05 UTC Islamic Economics Research Series, King Abdulaziz University-7 ECONOMIC THOUGHT OF AL-GHAZALI (450-505 A.H. / 1058-1111 C.E.) Shaikh Mohammad Ghazanfar Former Professor of Economics University of Idaho, Moscow, Idaho, U.S.A. (Formerly Visiting Professor, King Abdulaziz University, Jeddah, Saudi Arabia) and Abdul Azim Islahi Professor of Economics Islamic Economics Research Centre King Abdulaziz University, Jeddah, Saudi Arabia Scientific Publishing Centre King Abdulaziz University PO Box 80200, Jeddah 21589 Saudi Arabia http://spc.kau.edu.sa © King Abdulaziz University 2011A.D. (1432 A.H.) All rights reserved. 1st Edition: 2011 A.D. (1432 A.H.) King Fahd National Library Cataloging-in-Publication Data Ghazanfar, Mohammad Economic thought of Al-Ghazali. / Mohammad Ghazanfar; Abdul Azim Islahi. - Jeddah, 2011 97p; 24 cm ISBN: 978-9960-06-574-8 1- Economics – Philosophy 2- Economics – History 3- Al-Ghazali, Muhammed ibn Muhammed, $d505 H. I- Abdul Azim Islahi (co. author) II- Title 330.1 dc 1432/4863 L.D. no. 1432/4863 ISBN: 978-9960-06-574-8 King Abdulaziz University Press FOREWORD TO THE SECOND EDITION The first edition of Economic Thought of al-Ghazali was published by the Islamic Economics Research Centre (IERC) more than twelve years ago, in 1997. At that time there was no work on economic thought of this great Islamic scholar neither in Arabic nor in English.
    [Show full text]
  • An Analytical Study of Al-Ghazali's Thought on Money and Interest
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Munich Personal RePEc Archive MPRA Munich Personal RePEc Archive An analytical study of al-Ghazali's thought on money and interest Abdul Azim Islahi Department of Economics, Aligarh Muslim University, Aligarh, India 2001 Online at http://mpra.ub.uni-muenchen.de/41438/ MPRA Paper No. 41438, posted 19. September 2012 11:40 UTC An Analytical Study of al-Ghazali’s Thought on Money and Interest* Abdul Azim Islahi ABSTRACT The present paper concentrates to study an important aspect of al-Ghazali economic thought, money and interest, and with rigorous analysis it attempts to explore its relevance and application in the modern period. Al-Ghazali recognizes money as one of the most important inventions in conduct of the economic affairs. He offers a rather sophisticated discourse as to the evolution of money and its various functions. He explains how money overcomes the problems of barter system such as lack of a common denominator, indivisibility of good and the problem of double coincidence of wants. These ideas of al-Ghazali are almost identical to those found in contemporary texts. He condemns those who hoard money or convert them into other objects. He discusses the harmful effect of counterfeiting and currency debasement. However, he allows for the possibility of representative or token money. Al-Ghazali condemns hoarding of money and payment of usury, for both such actions cause money (gold & silver coins) to deviate from the key function of money for which, according to al-Ghazali and some other scholars, God almighty created money i.e.
    [Show full text]
  • An Analytical Study of Al-Ghazali's Thought on Money and Interest
    Munich Personal RePEc Archive An analytical study of al-Ghazali’s thought on money and interest Islahi, Abdul Azim Department of Economics, Aligarh Muslim University, Aligarh, India 2001 Online at https://mpra.ub.uni-muenchen.de/41438/ MPRA Paper No. 41438, posted 19 Sep 2012 11:40 UTC An Analytical Study of al-Ghazali’s Thought on Money and Interest* Abdul Azim Islahi ABSTRACT The present paper concentrates to study an important aspect of al-Ghazali economic thought, money and interest, and with rigorous analysis it attempts to explore its relevance and application in the modern period. Al-Ghazali recognizes money as one of the most important inventions in conduct of the economic affairs. He offers a rather sophisticated discourse as to the evolution of money and its various functions. He explains how money overcomes the problems of barter system such as lack of a common denominator, indivisibility of good and the problem of double coincidence of wants. These ideas of al-Ghazali are almost identical to those found in contemporary texts. He condemns those who hoard money or convert them into other objects. He discusses the harmful effect of counterfeiting and currency debasement. However, he allows for the possibility of representative or token money. Al-Ghazali condemns hoarding of money and payment of usury, for both such actions cause money (gold & silver coins) to deviate from the key function of money for which, according to al-Ghazali and some other scholars, God almighty created money i.e. to serve as a measure of value and to facilitate exchange of goods and things.
    [Show full text]
  • Muslim Economic Thinking and Institutions in the 10Th AH/ 16Th CE Century
    Munich Personal RePEc Archive Muslim Economic Thinking and Institutions in the 10th AH/ 16th CE Century Islahi, Abdul Azim Islamic Economics Research Center, KAU, Jeddah, KSA 2009 Online at https://mpra.ub.uni-muenchen.de/75375/ MPRA Paper No. 75375, posted 03 Dec 2016 07:31 UTC MUSLIM ECONOMIC THINKING AND INSTITUTIONS IN THE th th 10 AH/ 16 CE CENTURY Abdul Azim Islahi Professor Islamic Economics Research Center King Abdulaziz University Scientific Publising Centre King Abdulaziz University Jeddah, Saudi Arabia 1430 A.H. / 2009 A.D. FOREWORD The state of Muslim economic thinking in the tenth century Hijrah corresponding to sixteenth century CE has been an un-researched subject. It is a matter of great satisfaction for Islamic Economic Research Center to present a pioneering work in this area. There are many lessons to be learnt from the economic ideas of the great lights of the period. I am sure that the readers will find some of the chapters highly interesting and thought provoking. The present study underscores the thesis that mercantilism was a reaction against Muslim powers and investigates the factors that promoted mercantilism in the Christian West and the reasons why it did not find favor in the Muslim East. It informs us of many interesting examples of financial innovations adopted in this period in order to protect awqaf properties. It also tells us how those innovations were misused and corrective legal measures were imposed and bypassed subsequently. It deals with the legal issues in contracts and their settlements that arose due to unstable currency values and monetary mismanagement.
    [Show full text]
  • Islamic Economics: Theory, Policy and Social Justice
    Developing Inclusive and Sustainable Economic and Financial Systems Volume 2 Islamic Economics: Theory, Policy and Social Justice Editorial Board Dr. Hatem A. El-Karanshawy Dr. Azmi Omar Dr. Tariqullah Khan Dr. Salman Syed Ali Dr. Hylmun Izhar Wijdan Tariq Karim Ginena Bahnaz Al Quradaghi ISBN: 978-9927-118-22-7 Cover design: Natacha Fares Copyright © 2015 The Authors CONTENTS Foreword v Acknowledgments vii Preface ix Introduction xi PART 1: ISLAMIC ECONOMICS AS A DISCIPLINE Chapter 1 Crisis in Islamic economics: Diagnosis and prescriptions Asad Zaman 1 Chapter 2 First vs. second generation Islamic economists: Deviations and differences in thoughts Abdul Azim Islahi 11 Chapter 3 Methodology of Islamic economics: Typology of current practices, evaluation and way forward Hafas Furqani and Mohamed Aslam Haneef 23 Chapter 4 Islamic economics: Still in search of an identity Abdulkader Cassim Mahomedy 31 Chapter 5 Islamic economics as a new economic paradigm Necati Aydin 41 Chapter 6 The effect of scarcity thinking on human wants among Muslims: Exploring the ideological orientation of the concept of scarcity Amir Wahbalbari, Zakaria Bahari, and Norzarina Mohd-Zaharim 65 PART 2: FISCAL AND MONETARY POLICIES – AN ISLAMIC PERSPECTIVE Chapter 7 The transmission of monetary policy through conventional and Islamic banks Sajjad Zaheer, Steven Ongena, and Sweder J.G. van Wijnbergen 83 Chapter 8 The importance of the Islamic banks in the monetary transmission mechanism in Malaysia Zamrah Hasin and M. Shabri Abd. Majid 97 Chapter 9 Economic sectors sensitivity
    [Show full text]
  • Economic Thought of Al-Ghazali
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Munich Personal RePEc Archive MPRA Munich Personal RePEc Archive Economic Thought of al-Ghazali Abdul Azim Islahi and Shaikh Mohammad Ghazanfar Islamic Economics Institute, King Abdulaziz University, Jeddah, University of Idaho, Mosco, USA 1998 Online at http://mpra.ub.uni-muenchen.de/53465/ MPRA Paper No. 53465, posted 12. February 2014 12:05 UTC Islamic Economics Research Series, King Abdulaziz University-7 ECONOMIC THOUGHT OF AL-GHAZALI (450-505 A.H. / 1058-1111 C.E.) Shaikh Mohammad Ghazanfar Former Professor of Economics University of Idaho, Moscow, Idaho, U.S.A. (Formerly Visiting Professor, King Abdulaziz University, Jeddah, Saudi Arabia) and Abdul Azim Islahi Professor of Economics Islamic Economics Research Centre King Abdulaziz University, Jeddah, Saudi Arabia Scientific Publishing Centre King Abdulaziz University PO Box 80200, Jeddah 21589 Saudi Arabia http://spc.kau.edu.sa © King Abdulaziz University 2011A.D. (1432 A.H.) All rights reserved. 1st Edition: 2011 A.D. (1432 A.H.) King Fahd National Library Cataloging-in-Publication Data Ghazanfar, Mohammad Economic thought of Al-Ghazali. / Mohammad Ghazanfar; Abdul Azim Islahi. - Jeddah, 2011 97p; 24 cm ISBN: 978-9960-06-574-8 1- Economics – Philosophy 2- Economics – History 3- Al-Ghazali, Muhammed ibn Muhammed, $d505 H. I- Abdul Azim Islahi (co. author) II- Title 330.1 dc 1432/4863 L.D. no. 1432/4863 ISBN: 978-9960-06-574-8 King Abdulaziz University Press FOREWORD TO THE SECOND EDITION The first edition of Economic Thought of al-Ghazali was published by the Islamic Economics Research Centre (IERC) more than twelve years ago, in 1997.
    [Show full text]