This book combines Qur'anic wisdom and modern economics to provide a clear, integrated picture of what Islamic economics has to offer to realize the kind of well-being Islam envisages. 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 Islamic Development Bank Award for Islamic Economics (1989) and the King Faisal International Prize for Islamic Studies (1989).
This book answered all my questions about the different economics systems in the modern world and introduced the Islamic economic approach. The book explains why the capitalism and socialism systems failed to achieve the best use of resources and get rid of poverty although the scientific progress that we have today.
Started this book after reading Justice Taqi Usmani's book. The only thing new I found was about how the Land Reforms and growth of SMEs can help the muslim world. These are the kind of things that anyone with a background or study in development economics knows but the Islamic rationale for this was nonetheless very impressing.