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Islamic Economics in Principle and Practice

Author

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  • Bjorvatn, K.

Abstract

Islamic economics is part of the Islamic fundamentalist movement gaining ground in large parts of the Muslim world. The call is for a return to Islamic law, Shari'a, which is believed to offer solutions to economic and social problems of all times and places. This paper presents Islamic economics in principle and practice. It surveys the most central ideas of Islamic economics and discusses how the ban on usury has been implemented in two of the most influential Muslim countries, the Islamic republics of Iran and Pakistan.

Suggested Citation

  • Bjorvatn, K., 1996. "Islamic Economics in Principle and Practice," Papers 6/96, Norwegian School of Economics and Business Administration-.
    • Handle: RePEc:fth:norgee:6/96
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    More about this item

    Keywords

    ISLAM; MIDDLE EAST; RELIGION; HISTORY;
    All these keywords.

    JEL classification:

    • N45 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Asia including Middle East
    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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