Credit Photo: Stock Xchng In the following lines, the book titled “Muhazirat-e-Fiqh”by renowned scholar Dr. Mahmood Ghazi is discussed. Dr. Mehmood Ghazi talks in favor of democracy and also in favor of a combined Fiqh, which he calls ‘Cosmopolitan Fiqh’. I doubt that all Deoband scholars share this thought? He also mentions that it is [...]

Credit Image: Stock Xchng Islam is not just an economic system, but, a comprehensive doctrine. A comprehensive doctrine is not just concerned with one particular aspect of human life; rather it is concerned with all aspects of human life. As per Islam, this worldly life is a test for humans. Design of this test requires [...]

Economic Performance of the OIC Countries and the Prospect of an Islamic Common Market By Kabir Hassan Abstract: “This paper examines economic performance of the OIC member countries and analyzes the prospect of Islamic common market by analyzing trade data within a gravity model framework. There is scope of trade creation for OIC member countries [...]

Credit Image: Stock Xchng Purpose behind human existence is the basic question which only religion answers. Centuries ago, pioneer philosophers used to study and discuss ‘why we exist’, but after renaissance in Europe and revolt against Church, social philosophers came to the front and raised issues of society and left study of ‘why we exist’. [...]

A Different Kind of Consolidation in Islamic FinanceBy Rushdi SiddiquiJuly 2011 One of the most over-used words in Islamic finance is not standardization, scholars, regulations, etc., but ‘consolidation’. Islamic banks, Islamic leasing companies, Takaful companies need to consolidate to reach size and achieve scale. As larger capitalized entities, they can better compete with not just [...]