1300 36 33 32

This major new study examines the central tenets of Islamic economics, both in theory and in practice. The authors pinpoint the uniqueness of the Islamic approach, both in its conception of the world's resources and in its attitude to human endeavour. Their book illuminates the distinctive nature of an economics which is based neither on meeting the demands of the individual consumer, nor on increasing the level of general welfare, but on maximising the pleasure of God. The different schools of Islamic thought are then compared and their interpretations analysed in terms of their approaches to plan and market, centralisation and decentralisation, property rights, profit and social obligation. A detailed historical survey follows of the experience of four very different Muslim countries: Libya, Saudi Arabia, Pakistan and Iran. The authors examine how the implementation of Islamic economic solutions has worked out in reality, often in the context of a tense political situation. They look at the practicality of such solutions in the present day, assessing both their economic performance and their success in guiding society towards the Islamic ideal. The book as a whole allows the reader to grasp the multifarious nature of Islamic thought in economic matters, its contradictory and often contentious character, and the uses to which Islam has been put by governments with clearly diverse aims. Students of economics and of the Middle East will find it a useful guide to the new terms in which an old and fierce debate is being conducted.

Buy Islamic Economic Systems book by Ali Rahnema from Australia's Online Bookstore, Boomerang Books.

Book Details

ISBN: 9781856490580
ISBN-10: 1856490580
Format: Paperback
(220mm x 138mm x 18mm)
Pages: 223
Imprint: Zed Books Ltd
Publisher: Zed Books Ltd
Publish Date: 1-Sep-1992
Country of Publication: United Kingdom

Other Editions


» Have you read this book? We'd like to know what you think about it - write a review about Islamic Economic Systems book by Ali Rahnema and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a member - it's free to sign up!)

Write Review

Author Biography - Ali Rahnema

Farhad Nomaniand Ali Rahnemaare are both professors of economics at the American University in Paris. Their previous publications include the widely acclaimed The Secular Miracle: Religion, Politics and Economic Policy in Iran (Zed 1990).

Books By Author Ali Rahnema

Behind the 1953 Coup in Iran by Ali Rahnema

Behind the 1953 Coup in Iran

Paperback, August 2016
Shi'i Reformation in Iran by Ali Rahnema

Shi'i Reformation in Iran

Hardback, April 2015
Islamic Utopian by Ali Rahnema

An Islamic Utopian

Paperback, December 2013