Economics of an Islamic economy / / by Rauf A. Azhar.

• Superior document: Themes in Islamic studies ; v. 6
• Author: Azhar, Rauf A.
• Place / Publishing House: Leiden ;, Boston : : Brill,, 2010.
• Year of Publication: 2010
• Language: English
• Series: Themes in Islamic Studies 6.
• Physical Description: 1 online resource (486 p.)
• Notes: Description based upon print version of record.
• Other title: Preliminary Material /; Chapter One. Introduction /; Chapter Two. Fundamental Axioms Of Economics /; Chapter Three. Economic System And Market Economy /; Chapter Four. A Perspective On Capitalism /; Chapter Five. Fundamental Axioms Of An Islamic Economy /; Chapter Six. Characteristics Of An Islamic Economy /; Chapter Seven. The Structure Of An Islamic Economy /; Chapter Eight. Factors And Factor Rewards /; Chapter Nine. Ribā, Interest and Usury /; Chapter Ten. Fiqh’s Response To The Prohibition of Ribā: From Classical To Contemporary Times /; Chapter Eleven. Summing Up /; Bibliography /; Index /
• Bibliography: Includes bibliographical references and index.
• ISBN: 1282950991; 9786612950995; 9047441729
• Hierarchical level: Monograph
• Statement of Responsibility: by Rauf A. Azhar.

This book challenges the interventionist stance of Islamic economics as well as its presumption that riba equals interest. An Islamic economy, it argues, is essentially a market economy, but it differs from capitalist economies because both its institutions and the structure of, for example, property rights are specifically Islamic, deriving from Qurʾān and other sources of Islamic law. The book also focuses on the similarities and differences between riba and interest, establishes the often neglected connection between the two, and explores the ramifications of this connection for Islamic financial systems.