Description
Title: Role of the State in the Economy
Publisher: The Islamic Foundation
Description:
Role of the State in the Economy: An Islamic Perspective visits an important subject against a background of the collapse of state-managed economics. Articles included in this collection discuss how Islam seeks to orient economic agents towards ethical conduct and socially responsible behavior.
The state is called upon to make up for moral and/or market failure to the extent possible within a framework of essential freedoms. Internalization of moral values and social concern is perceived as minimizing the need for social intervention which, nevertheless, has a place in the Islamic system. The middle road advocated by Islam is projected as a better alternative to exclusive reliance on the market, as now in vogue as a result of disenchantment with state management.
Muhammad Nejatullah Siddiqui, winner of the King Faisal International Prize for Islamic Studies in 1982, works at the Centre for Research in Islamic Economics, King Abdulaziz University, Jeddah. Earlier he served at the Aligarh Muslim University, first in the department of Economics then as Professor of Islamic Studies.
Dr. Siddiqui has played a pioneering role in bringing Islamic economics to the Academia through his more than a dozen books and scores of articles written over the last four decades. Notable among these are Muslim Economic Thinking, Banking without Interest, Islam ka Nazariyah-e-Milkiyat, and Towards Regeneration.
ISBN: 860372529
An Islamic Perspective (Hardcover)
Author(s): Muhammad Nejatullah SiddiquiPublisher: The Islamic Foundation
Description:
Role of the State in the Economy: An Islamic Perspective visits an important subject against a background of the collapse of state-managed economics. Articles included in this collection discuss how Islam seeks to orient economic agents towards ethical conduct and socially responsible behavior.
The state is called upon to make up for moral and/or market failure to the extent possible within a framework of essential freedoms. Internalization of moral values and social concern is perceived as minimizing the need for social intervention which, nevertheless, has a place in the Islamic system. The middle road advocated by Islam is projected as a better alternative to exclusive reliance on the market, as now in vogue as a result of disenchantment with state management.
Muhammad Nejatullah Siddiqui, winner of the King Faisal International Prize for Islamic Studies in 1982, works at the Centre for Research in Islamic Economics, King Abdulaziz University, Jeddah. Earlier he served at the Aligarh Muslim University, first in the department of Economics then as Professor of Islamic Studies.
Dr. Siddiqui has played a pioneering role in bringing Islamic economics to the Academia through his more than a dozen books and scores of articles written over the last four decades. Notable among these are Muslim Economic Thinking, Banking without Interest, Islam ka Nazariyah-e-Milkiyat, and Towards Regeneration.
ISBN: 860372529
