Maqasid Foundations of Market Economics
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Product details
- ISBN 9780748670031
- Weight: 318g
- Dimensions: 138 x 216mm
- Publication Date: 23 Apr 2013
- Publisher: Edinburgh University Press
- Publication City/Country: GB
- Product Form: Paperback
- Language: English
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Drawing on received sources of 'maqasid' (Shari'ah's practical objectives), this book demonstrates how the principles of market economics affect how markets and financial instititions actually operate under Shari'ah law. It shows where Islamic economics converges with and differs from conventional economics through the banning of usury and other Shari'ah-prohibited trade practices. Students can check their progress with learning outcomes, chapter previews, chapter summaries and revision questions.
Seif Ibrahim Tag el-Din is Professor of Economics at Imam University, Saudi Arabia. He is the author of over 35 research papers, discussion papers and encyclopedia entries and Editor of the journal Review of Islamic Economics. Seif received his PHD at the University of Edinburgh in Economics. Other qualifications include an MSc in Statistics from Glasgow University and a BSc in Economics and Statistics from Khartoum University. Seif's main research interests are Islamic financial markets, risk-return optimality of interest free finance and economic methodology.The Islamic Development Bank awarded Prof. Dr. Seif Ibrahim Tag el-Din as the winner of the IDB Prize in Islamic Economics for the year 2015 in recognition of the important role he played in advancing the cause of Islamic economics.
