Sunday, November 30, 2008

Current Financial Crisis and Islamic Economics


Courtsey of Well Known Islamic Economist Dr. Mohammed Nejathullah Siddiqui

[31 October 2008]

The current crisis emanating from US financial markets and spreading to other developed and fast developing countries like China, India and Brazil, is threatening a global meltdown leaving the entire world poorer and full of forebodings regarding future .

Friday, November 28, 2008

Iqtisad Al Islamy - Introduction to Islamic Economics

Courtsey of Islamic-World.Net

Islam uniquely considers distribution as the economic problem, and Muslims do not share the obsession of capitalists and communists with production. Because Islam differentiates between the basic needs and luxuries, there exists no concept of relative scarcity of resources in Islam.