The Future of Economics: an Islamic Perspective

by M. Umer Chapra

This profound book is a powerful yet balanced critique of mainstream economics that makes a forceful plea for taking economics out of its secular and occident-centred cocoon. It presents an innovative and formidable case to re-link economics with moral and egalitarian concerns so as to harness the discipline in the service of humanity. M. Umer Chapra is ranked amongst the Top 50 Global Leaders in Islamic economics (ISLAMICA 500, 2015) and has been awarded with two prestigious awards for his contributions to the field: Islamic Development Bank Award for Islamic Economics (1989) and the King Faisal International Prize for Islamic Studies (1989).

Genres: Economics, Islam, Nonfiction

446 pages, Paperback

First published July 12, 2000

About the author

Dr. M. Umer Chapra is currently serving as Research Advisor at the Islamic Research & Training Institute (IRTI) of the Islamic Development Bank (IDB). Before joining IRTI in 1999, he worked as Senior Economic Advisor at the Saudi Arabian Monetary Agency (SAMA) from where he retired after a long service of 35 years.
Dr. Chapra also taught in the United States at the Universities of Wisconsin and Kentucky and worked in Pakistan at the Institute of Development Economics and the Islamic Research Institute. He has made seminal contributions to Islamic Economics and Finance over more than three decades.He has authored 16 books and monographs and more than 100 papers and book reviews. Some of his books, monographs and papers have been translated into a number of languages, including Arabic, Bangla, French, Indonesian, Japanese, Malay, Persian, Polish, Spanish, Turkish and Urdu.
Consequently, he has received a number of awards, including the Islamic Development Bank Award for Islamic Economics, and the King Faisal International Award for Islamic Studies, both in 1989.
In Fifty-two years of his professional life,he served 2 years in Pakistan, 6 years in the U.S.A. and 44 years in Saudi Arabia.He has worked in Institutes like University of Minnesota,University of Wisconsin, Platteville,Pakistan Institute of Development Economics, Karachi ,the Central Institute of Islamic Research, Karachi,University of Kentucky, Lexington, Ky.Saudi Arabian Monetary Agency, Islamic Research and Training Institute of the Islamic Development Bank, Jeddah .
His most outstanding contributions have been the four books indicated below;
1. Towards a Just Monetary System (1985)
2. Islam and the Economic Challenge (1992)
3. The Future of Economics: An Islamic Perspective (2000)
4. Muslim Civilization: The Causes of Decline and the Need for Reform (2008).

Reviews

[Hazem Essawy]

أنصح بقراءة هذا الكتاب، يتضمن دراسة متخصصة في علم الاقتصاد، ويؤكد على وجود سمات أخلاقية تنبع من الشريعة الاسلامية، ينبغي أن يصطبغ بها الاقتصاد في الدول الإسلامية، ويعرض وجهة النظر التي تؤكد على إمكانية وجود اقتصاد إسلامي، يتحدى المقولات التي تعتبر الاقتصاد بمعزل عن الأسلمة، والتي تنفي إمكانية وجود اقتصاد بدون فوائد بنكية.
كما يتضمن تقييم لبعض التجارب التي حاولت تطبيق نظام البنوك الإسلامية، وإلغاء الفوائد، وطرح رؤية علمية لوضع النظرية الاقتصادية الإسلامية موضع التطبيق

[Dewi Nufus]

an economics lesson base on islamic history. this is the amazing books with islamic worldview insights. reading this book generate people to choose the best methode in handling the multi crisis in this world, the economics itself is the social science which a part of religion science.

[New2n]

Menjelaskan bahwa Islam dengan syariat-syariatnya, termasuk didalamnya ekonomi Islam--adalah sistem ideal yang layak menggantikan sistem ekonomi konvensional yang ribawi yang ternyata gagal menyejahterakan manusia. Memaparkan ekonomi syariah yang tepat guna., yang bernilai keadilan kerena bersih dari riba

[Dewi Nufus]

MASHAA ALLAH
A Magnificient book
hopefully this book could be the major textbook that every student read.
barakallah ya DR. Umer Chapra
The Fundamental and applicable economic system coould emerge based on this book

[Hazem Essawy]

يمثل الكتاب مدخل جيد للنظرية الاقتصادية الاسلامية، ودعوة جادة للباحثين للتنظير في هذا المجال، ويضع الأساس المتين لرواد هذا المجال، ودعوة جادة لمنهج متكامل لإحياء الاقتصاد الإسلامي

[Imam]

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