Maqasid foundations of market economics

Issues of implementing Islamic Hire Purchase in dual banking systems: Malaysia's experience

Issues in Accounting Standards for Islamic Financial Insitituions

Working Paper: Markfield Institute of Higher Education

Accounting Standards of Islamic Financial Institutions: Analysis of the Balance Sheet Structure

Working Paper: Markfield Institute of Higher Education

Conventional Growth Policy and the Forgotten Potential Resources: A Case for the Ethical Economic Resource

The Stock Exchange from an Islamic Perspective

Allocative and Stabilizing Functions of Zakat in an Islamic Economy

Debt and Equity in a Primary Financial Market: A Theory with Islamic Implications

Risk Aversion, Moral Hazard and Financial Islamization Policy

Risk Aversion, Moral Hazard and Financial Islamization Policy

Allocative and Stabilizing Functions of Zakat in an Islamic Economy

Allocative and Stabilizing Functions of Zakah in an Islamic Economy

Paper presented to the International Seminar on Islamic Economics organised by I.I.I.E. Islamabad, 6-10 July 1986. Argues that zakah plays a stabilising role in the economy and allocates resources in favour of the poorer sections of the society. It helps even out the imperfections created by the market mechanism. For economists. Based on primary sources. Documented.

Comments on Fahim Khan’s “Macro-consumption Function in an Islamic Framework

Comments on Fahim Khan’s paper (JRIE, 1:2). Argues . on the basis of lengthy mathematical analysis that the basic mathematical axioms of the model are not consistent with the object of the analysis. Concludes that in the model higher levels of taqwd are inconsistent with spending in the way of Allah and that an altruistic person is ready to trade-off after-life reward for worldly pleasures. Finally, the model does not allow for the collectivist nature of Muslim communities. Mathematical. For economists only. Undocumented.