Encyclopaedia of Islamic Economy, Vols. I to V

Contents: Vol. I. Economic Perceptions in Islam: Preface. 1. Perception of economy. 2. Economic theories in Islam. 3. Quranic commands for economy. 4. Allah, the Sustainer. 5. Background of Islamic economy. 6. Framework of Islamic economy. 7. Economy at work. 8. Economic mechanism. 9. Capital and economy. 10. Theory of wealth. 11. Financial concerns. Bibliography. Index.

Vol. II. Business and Trade in Islam: Preface. 1. Concept of trade. 2. The backdrop. 3. Trade and finance. 4. Traits of business. 5. Conduction of business. 6. Rules for sales. 7. Technique of setting prices. 8. Economic matters and law. 9. Relevance of Islamic economy. 10. Economic policy in Islam. Bibliography. Index.

Vol. III. Ownership and Partnership in Islam: Preface. 1. The investment. 2. The co-ownership. 3. Kinds of partnership. 4. Responsibility of partners. 5. Problems of partnership. 6. Co-ownership and precautions. 7. Role of capital. Bibliography. Index.

Vol. IV. Banking in Islam: Preface. 1. Islamic banking. 2. Framework of banking. 3. Banking and economy. 4. Benefits of Islamic banking. 5. Interest free banking. Bibliography. Index.

Vol. V. Interest Free System in Islam: Preface. 1. Modern concept of interest. 2. Application of interest. 3. Financing without interest. 4. Interest free system. 5. Interest free economy. 6. Banking and interest. 7. Islamic taxation. 8. Taxation in practice. Bibliography. Index.

"Islam as a faith and as a system is relevant for all times. Amongst a number of issues dealt with by Islam, the economy is an important one, especially as in running a smooth and peaceful life, it plays a pivotal role. In general, the term 'economy' means: careful management of resources, production of goods, consumption, services, and supply of money. Economy can broadly be categorized into income, expenditure and business transactions. The basis of the economy is money, which is a means of getting things easily and rightfully. Hence, its attainment and proper management is a must. Of all the ways adopted to generate money and increase it, Islam condemns those means which may land a person in trouble in the future or which put an extra burden on him. Interest on money is such a system, which keeps getting increased with the passage of time, without any risk factor.

Banking is a part of the monetary system. Islamic banking is based on an interest-free system. Like all other Islamic systems, Islamic economy is also logic based. Its spirit is the overall development and prosperity of society.

As a subject, Islamic economy is quite a vast subject, which can span thousands of pages. This modest work is an enterprising initiative and will be an asset for all academics, scholars, economists and researchers." (jacket)