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Social Justice and Islamic Economics - Theory, Issues and Practice (Hardcover)
Loot Price: R3,879
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Social Justice and Islamic Economics - Theory, Issues and Practice (Hardcover)
Series: Islamic Business and Finance Series
Expected to ship within 12 - 17 working days
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Under the rule of the current economic order, social injustice is
ever-increasing. Issues such as poverty, inhumane working
conditions, inadequate wages, social insecurity and an unhealthy
labor market continue to persist. Many states are also unable to
produce policies capable of resolving these problems. The
characteristics of the capitalist system currently render it unable
to provide social justice. In fact, on the contrary, the system
reinforces these injustices and prevents economic and social
welfare from reaching the masses. Many Muslim scholars have
analyzed and, indeed, criticized this system for years. This book
argues that an alternative and more equitable theoretical and
practical economical order can been developed within the framework
of Islamic principles. On the other hand, the experiences of
societies under the rule of Muslim governments do not always seem
to hold great promise for an alternative understanding of social
justice. In addition, the behaviors of Muslim individuals within
their economic lives are mostly shaped by the necessities of daily
economic conditions rather than by the tenets of Islam that stand
with social justice. Until 1990s, studies of Islamic economics made
connections between finance and the notion of social justice, but
work conducted more recently has neglected this issue. It is
therefore evident that the topic of social justice needs to be
revisited in a more in-depth manner. Filling an important gap in
existing literature, the book uniquely connects social justice and
Islamic finance and economics on this topic. Theory, practice and
key issues are presented simultaneously throughout this book, which
is based on the writings of a number of eminent scholars.
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