Salman Ahmed Shaikh's Blog, page 16

Roundup of 3rd International Divine Economics Conference

The third International Divine Economics Conference, organized by the Islamic Social Sciences Forum (ISF) of Hadi Foundation in collaboration with esteemed universities and AJK Medical College, commenced with great enthusiasm in the month of May, 2023 in capital city of AJK, Muzaffarabad.

Climate Crisis Mitigation – Maqasid Al-Shariah Framework in Islamic Economics

Human behaviour, consumption and business activities have been identified as the main cause of the climate crisis the earth is facing at present, having seriously detrimental effects on the earth’s bio capacity to sustain life. These effects, referred to as anthropogenic impacts, are causing degradation of the globally shared public resource known as natural capital.

Financing Microenterprises with Islamic Social Finance Instruments

The aim of Islamic social finance is to support socio-economic empowerment, progress, and the development of society. Pooling resources from social finance instruments, like Zakat (alms giving), Waqf (endowments), Qardh al-hasan (interest free benevolent lending), Takaful, and Sadaqah (charity), can establish and lead to growth of lower-income micro-enterprises in the country.

Reflections from Al-Ghazali

Reflections from Al-GhazaliExcerpts from A Treasury of GhazaliPublished by Kube Publishing and Distributed in Pakistan by Institute of Policy Studies Press

Re-Examination of Selected Waqf and Western University Endowments

This paper discusses the concept of Waqf and university endowments. The author highlights that contemporary university endowments take their inspiration from the concept of Waqf.

Behavioral Assumptions of Islamic Economics Revisited

In this paper, authors opine that Islamic economics literature exclusively attributes pure altruism to Muslims. It contrasts homo economicus with homo-Islamicus. Authors try to show through empirical evidence that giving behaviour is not much different among Muslims and non-Muslim in Europe.

Profit and Loss Sharing Two Tier Mudarabah

This paper mathematically analyzes the two-tier Mudarabah model in an exclusive Islamic financial environment and under dual banking system.

Mind the Gap: Theories in Islamic Accounting and Finance

This paper investigates whether contemporary literature published in top ranked journals use classical theories or the works of classical scholars in the area of Islamic economics, Islamic accounting and finance and Islamic business management or not.

Role of Istihsan in Applying Maslahah in Islamic Finance

This paper identifies the role of Istihsan in Islamic finance that should be emphasized to strengthen the element of Shari’ah compliance.

Islamic Work Ethics as a Key Engine of Endogenous Economic Growth

This paper attempts to show how ethical piety can lead to endogenous growth through mathematical modelling.