Overview
- Outlines a cohesive economic vision based on the rules of behavior outlined in the Qu'ran.
- Describes contemporary factors behind the flaws in the economies of Muslim countries.
- Offers prescriptions for creating the institutional structure of a sound economy
- Includes supplementary material: sn.pub/extras
Part of the book series: Political Economy of Islam (PEoI)
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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.
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Keywords
Table of contents (9 chapters)
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Front Matter
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Back Matter
Authors and Affiliations
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.
Hossein Askari is Iran Professor of International Business and International Affairs, George Washington University, USA.
Bibliographic Information
Book Title: Ideal Islamic Economy
Book Subtitle: An Introduction
Authors: Abbas Mirakhor, Hossein Askari
Series Title: Political Economy of Islam
DOI: https://doi.org/10.1057/978-1-137-53727-0
Publisher: Palgrave Macmillan New York
eBook Packages: Political Science and International Studies, Political Science and International Studies (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2017
Hardcover ISBN: 978-1-137-54035-5Published: 12 August 2017
eBook ISBN: 978-1-137-53727-0Published: 11 August 2017
Series ISSN: 2945-6479
Series E-ISSN: 2945-6487
Edition Number: 1
Number of Pages: XXI, 255
Topics: International Political Economy, Islamic Finance, Islam, Politics and Religion, Religion and Society, Public Policy