In this accessible but profound work, Dr. Mohamed Ghanem illustrates the importance of some key Islamic principles as they affect economic activity. Focusing on the nature of money and the shari'ah rulings applying to contracts of trade and investment, Mohamed explains the impossibility of Islamizing the current model of commercial banking, given its foundations in usury and the use of fractional reserves. He goes on to define and explain the use of Transaction Map Theory as a tool for determining whether any given contract, including those applied by modern day Islamic banks, satisfies shariah requirements. His analysis begins with a detailed examination of the methods by which relevant texts in the Quran and hadith should be understood. The various shari'ah rulings on money, usury and Zakah are depicted as an Islamic Monetary Triangle which helps to ensure the economic and social vitality of a society. Orders for this English language first edition hardback can be placed here.
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Islamic Economics: The Ultimate Alternative | Comprehensive Guide to Islamic Financial System
Islamic Economics: The Ultimate Alternative | Comprehensive Guide to Islamic Financial System
Publisher:
Kreatoc Ltd
Author:
Mohamed Ghanem
Language:
English
Binding:
Hard Cover
Pages: 244
Size: 23x15cm
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$29.99 USD
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Description of Book
Islamic Economics: The Ultimate Alternative presents a comprehensive and practical understanding of the Islamic economic system as a just and ethical alternative to modern capitalist and socialist economies. The book explains how Islam promotes fairness, social justice, and balanced wealth distribution.
From Author:
Publisher
Kreatoc Ltd
Author
- Mohamed Ghanem
Sample Pages - Content
Who is Mohamed Ghanem?
Mohamed Ghanem is an Islamic author and educator known for his engaging and practical approach to Islamic learning, particularly for children and young readers. He is best recognized for creating educational books and resources that combine Islamic teachings with creativity, storytelling, and interactive learning.