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Political Economy of Islam

Ideal Islamic Economy

An Introduction

Authors: Mirakhor, Abbas, Askari, Hossein

  • Outlines a cohesive economic vision based on the rules of behavior outlined in the Qu'ranDescribes contemporary factors behind the flaws in the economies of Muslim countriesOffers prescriptions for creating the institutional structure of a sound economy

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eBook £92.00
price for United Kingdom (gross)
  • ISBN 978-1-137-53727-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £115.00
price for United Kingdom (gross)
  • ISBN 978-1-137-54035-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book


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.

About the authors

Abbas Mirakhor is the First Holder of INCEIF s Chair in Islamic Finance at INCEIF - The Global University of Islamic Finance, Malaysia. He was the Executive Director and Dean of the Executive Board of the International Monetary Fund. 

Hossein Askari is Iran Professor of International Business and International Affairs, George Washington University, USA. 

Table of contents (9 chapters)

  • Introduction

    Mirakhor, Abbas (et al.)

    Pages 1-31

  • Capitalism and the Islamic Economic System

    Mirakhor, Abbas (et al.)

    Pages 33-92

  • Overview of an Ideal Islamic System

    Mirakhor, Abbas (et al.)

    Pages 93-117

  • Institutional Structure of a Sound Economy

    Mirakhor, Abbas (et al.)

    Pages 119-137

  • The Rules Governing an Islamic Economy

    Mirakhor, Abbas (et al.)

    Pages 139-178

Buy this book

eBook £92.00
price for United Kingdom (gross)
  • ISBN 978-1-137-53727-0
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £115.00
price for United Kingdom (gross)
  • ISBN 978-1-137-54035-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Ideal Islamic Economy
Book Subtitle
An Introduction
Authors
Series Title
Political Economy of Islam
Copyright
2017
Publisher
Palgrave Macmillan US
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-1-137-53727-0
DOI
10.1057/978-1-137-53727-0
Hardcover ISBN
978-1-137-54035-5
Edition Number
1
Number of Pages
XXI, 255
Topics