Islamic Economics and Finance Conference: Growth, Equity, and Stability Perspectives
Explore the discourse on Islamic Economics and Finance at the 9th International Conference in Istanbul, featuring discussions on discipline, policies, and alternative visions to conventional economics. Learn about the fundamental differences, accumulation vs. equity, and the differing goals and policies in Islamic Economics.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
9th International Conference in Islamic Economics and Finance Growth, Equity and Stability: An Islamic Perspective LINKING RESEARCH WITH POLICIES WoW Convention Center Istanbul, Turkey 9 - 10 September 2013 9.00-10.30 Islamic Economics - is there a discipline? How can its content contribute to making policies work in the OIC Region? Chairman: Prof. Hatem A. El-Karanshawy, Founding Dean QFIS Panelists: Prof. Nejjatullah Siddiqi, Prof. Anas Zarqa, Prof. Assad Zaman, Prof. Mahmoud El Gamal, Prof. Nienhaus Volker, , Prof. Aslam Haneef, Prof. Adem Essen, Prof. Humayon Dar, Prof. Rodney Wilson
Islamic Economics: Is there a discipline? Dr. Asad Zaman Director General, IIIE-International Islamic University Islamabad, Pakistan
Islamic Economics: Is there a discipline? Original Grand Vision Provide Equitable & Just Alternative to Capitalism and Communism. IE is a branch of conventional economics: IE = Capitalism Interest + Zakat Current Status Unrecognized conflict between conventional economics & Islam. Fire + Water Source of Problem Redefine IE using purely Islamic concepts. This is done by author in first working session of this conference. Solution
Fundamental Differences IGNORED GOAL of ECONOMISTS Fulfill ALL Desires of consumers Leads to SCARCITY as CENTRAL problem of Economics. Q28:50 Who could be more astray than he who follows [but] his own likes and dislikes without any guidance from God? Goal of IE CANNOT be fulfillment of desires.
Accumulation Versus Equity URGE the feeding of the poor Fulfillment of Needs. There is ALREADY enough to FEED everybody on the planet. Problem is not SCARCITY but DISTRIBUTION METHODOLOGY: URGE reliance on Private Sector (WAQF) not on government provision of social services.
Differing GOALS Different POLICIES Economist: Maximize Growth. Rely on Trickle Down IE: Hunger, Health, Housing, Education. FOCUS on Basic Needs. ALL Demands are EQUAL in contemporary economics. IE has POTENTIAL to change.
