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The basic difference between capitalist and Islamic Economy

Islam and Islamic Economics do not deny the market forces and investments in market economy. Even the profit motive is acceptable to a reasonable extent. Private ownership is not totally negated.

Islamic Economic System

The Islamic economic system is the collection of rules, values and standards of conduct that organize economic life and establish relations of production in an Islamic society. These rules and standards are based on the Islamic order as recognized in the Koran and Sunna.

Maqasid Al-Shariah and Financial Transactions

These days everyone has heard of Maqasid Al-Shariah. So much has been written about it, and the term continues to appear in so many articles on Islamic Finance. And of course many people have also read the warnings by many scholars of the overuse, and misuse of the term. But this would have to wait another article.

What Is Islamic Finance And How Does It Work?

Islamic finance is a way of doing financial transactions and banking while respecting Islamic law or sharia. Islamic finance hardly existed 30 years ago...

Islamic Finance Practices at the Crossroads

Islamic finance is at the crossroads. On one side the global economic crisis provides a golden opportunity for the Islamic finance industry to establish...
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