Islamic Economics Institute

A Selection of Papers, presented to
The First International Conference on Islamic Economics
held at Makkah under the auspices of
King Abdulaziz University, Jeddah
February 21-26, 1976 (Safer 21-26, 1396H)

Contents

          Foreword
          Dr. Abdullah Nasif …………………………………………...................................................………..… ix
          Preface
          Dr. Muhammad Omar Zubair ……………………………………..................................................…… xi
          Introduction
          Khurshid Ahmad ……………………………………………..................................................…..……. xiii

PART I
CONTRIBUTIONS TO ISLAMIC ECONOMICS

          1. Islamic Economics: An Approach to Human Welfare 
             Dr. Anas Zarqa …………………………………………………...................................................….… 3

          2. A Contribution to the Theory of Consumer Behaviour in an Islamic Society 
             Dr. Manzer Kahf ………………………………………………......................................................…… 19

          3. Some Conceptual and Practical Aspects of Interest-Free Banking 
              Dr. Muhammad Uzair ………………………………….....................................................…………… 37

          4. Money, Interest and Qirad 
             Dr. Mahmud Abu Saud ……………………………………….....................................................…….. 59

          5. The Relative Efficiency of Interest-Free Monetary Economics: The Fiat Money Case 
              Dr. Mabid Ali Mohammad Mahmoud AI-Jarhi ……………….................................................……. 85

          6. Zakat and Fiscal Policy 
              Dr. F.R. Faridi …………………………………………….....................................................……….. 119

          7. The Political Context of Islamic Economics 
              Dr. Ijaz Shafl Gilani ……………………………………….....................................................………. 131

          8. The Islamic Welfare State and its Role in the Economy
              Dr. M. Umar Chapra ……………………………………….....................................................……… 143

          9. Economic Development in an Islamic Framework
              Khwshid Ahmad ………………….……………………….......................................................………. 171

PART II
SURVEYS ON ISLAMIC ECONOMICS

         10. Muslim Economic Thinking: A Survey of Contemporary Literature 
               Dr. Muhammad Nejatullah Siddiqi …………………………...................................................…… 191

         11. Contemporary Turkish Literature on Islamic Economics 
               Dr. Sabahuddin Zaim ………………………………………….....................................................…. 317

          APPENDICES

          Conference Communique ……………………...………….……............................................................. 353
          Conference Participants ……………………...……………...........................................................…….. 361
          Conference Programme ……………………...……………….............................................................… 369
          Conference Indexes …………………………………………………………… ....................................... 375

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