Maqasid Foundations of Market Economics
Publisher: Edinburgh University Press
Published: 2013
Language: eng
Number of pages: 248
ISBN-13: 9780748670031
Subjects: Islam, economic aspects; Economics, religious aspects
Description: Drawing on received sources of maqasid (Shari'ah's practical objectives), this book demonstrates how the principles of market economics affect how markets and financial institutions actually operate under Shari'ah law. It explains the maqasid economic rationale of precluding interest rates on money capital from legitimate economic exchange.