Islamic Economics

For a socially and environmentally-concerned ethical economic and financial system The Islamic Economics Unit of the Islamic Foundation was established in 1976, and in a short span of time, it became one of the major centres of Islamic economics in the world. It has developed a specialised library and documentation unit on Islamic economics, banking and finance – perhaps the richest resource centre in Europe in the field. The Unit is not only an academic institution, but organises seminars and conferences for the professional sector, and also provides guidance and advice to the general public on issues pertaining to economic aspects of daily life.

Objectives:
• Undertaking and commissioning research on Islamic economics, banking and finance;
• Introducing Islamic economics and finance to mainstream academia, the banking and finance professions;
• Organising conferences, seminars and courses to disseminate the ideal of Islamic economics, banking and finance.

Publications
To substantiate its discourse on the virtues of an interest-free economic system, the Islamic Economics Unit undertook the publication of twenty-six highly accomplished books on various aspects of Islamic banking and finance. This enhanced the reputation of the Unit as an academic centre for Islamic Economics, Banking and Finance.

Highlights from the Publications:
• Ahmad, K. 1980. Studies in Islamic Economics
• Chapra, U. 2000. The Future of Economics: An Islamic Perspective,
• Iqbal, M. (ed.) 2002. Islamic Banking and Finance: Current Development in Theory and Practice
• Iqbal, M. (ed.) 2002. Islamic Economic Institutions and the Elimination of Poverty
• Iqbal, M. and Llewellyn, D. T. (eds.) 2002. Islamic Banking and Finance: New Perspectives on Profit-Sharing and Risk (published together with Edward Elgar)
• Khan, Waqar Masood. 1985. Towards and Interest-Free Islamic Economic System
• Khan, M. Fahim. 1995. Essays in Islamic Economics
• Naqvi, S. H. 2003. Perspectives on Morality and Well-BeingSiddiqi, M. Nejatullah. 1985. Partnership and Profit-Sharing in Islamic Law
• Siddiqi, M. Nejatullah. 1994. Issues in Islamic Banking

Review of Islamic Economics
The Review of Islamic Economics provides a forum to the specialists wishing to contribute to the development of Islamic economics, banking and finance as a distinct branch of knowledge, and encourages submission of work by academics, professional practitioners, policymakers and recent graduates. The Review is a referred journal and is currently published biannually.

Encyclopaedia of Islamic Economics
This project is coordinated in association with the Centre for Islamic and Maghreb Studies, London. The objective of the project is to produce a work of reference, an instrument of research, destined to enlighten scientifically the reader about the various aspects of Islam in relation to economics and finance, bringing into sharp focus the essential elements that have remained unknown. Along with this focus on Islamic thought, the work will also cover major elements of the strategy of the social and economic development in an Islamic perspective.

Annual Intensive Orientation Seminars on Islamic Economics
The seminars have been organised annually in association with the IRTI-Islamic Development Bank and the University of Loughborough since 1991.

They are especially designed for bankers, finance specialists, accountants, lawyers, researchers and students. The seminars have trained and familiarised hundreds of professional bankers, financiers, researchers and postgraduate students from various countries.

The Islamic Economics Unit provides academic help to those people engaged in research in various aspects of Islamic Economics, Banking and Finance. Therefore, it persistently enhances the academic materials (books, journals and magazines) available at the Foundation library. The Unit, thus, continuously follows up new publications to acquire them for the library. In addition, the Unit provides advice to the community in areas related to Islamic finance such as Islamically acceptable mortgage and investment issues.

For furhter details about the Islamic Economics Unit contact:
mehmet@islamic-foundation.org.uk