{"title":"Introduction to Islamic Economics: Theory and Application","authors":"Shafinah Rahim","doi":"10.1142/10.36924sbe.2019.2206","DOIUrl":null,"url":null,"abstract":"Book Review \nBy Hossein Askari, Zamir Iqbal and, Abbas Mirakhor Wiley Finance Series, 2015. 402 pp., ISBN: 978-1-118-73296-0 \nThe first two chapters revisits the different types and evolutions of economic systems, highlighting the current state of global economy with its major failure to tackle the most concerns in economies; distribution of incomes, caused by irrational assumptions leading to regret of societal wellbeing, environmental degradation and recurring financial crises. Focus is directed the Islamic Economic Paradigm as an alternative to managing resources efficiently in ways that upholds justice for all members of a nation in a sustainable manner. Salient features including agenttrustee relationship, rule compliance, scarcity, freedom of choice, and the Law in a nutshell are briefly previewed to build the case for the subsequent chapters.","PeriodicalId":39482,"journal":{"name":"Journal of Business Valuation and Economic Loss Analysis","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Business Valuation and Economic Loss Analysis","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1142/10.36924sbe.2019.2206","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 0
Abstract
Book Review
By Hossein Askari, Zamir Iqbal and, Abbas Mirakhor Wiley Finance Series, 2015. 402 pp., ISBN: 978-1-118-73296-0
The first two chapters revisits the different types and evolutions of economic systems, highlighting the current state of global economy with its major failure to tackle the most concerns in economies; distribution of incomes, caused by irrational assumptions leading to regret of societal wellbeing, environmental degradation and recurring financial crises. Focus is directed the Islamic Economic Paradigm as an alternative to managing resources efficiently in ways that upholds justice for all members of a nation in a sustainable manner. Salient features including agenttrustee relationship, rule compliance, scarcity, freedom of choice, and the Law in a nutshell are briefly previewed to build the case for the subsequent chapters.
期刊介绍：
The Journal of Business Valuation and Economic Loss Analysis (JBVELA) is a refereed academic journal that publishes continuously throughout the year and is co-edited by Bradley Ewing and James Hoffman. The mission of the Journal of Business Valuation and Economic Loss Analysis is to improve the practice of business valuation, economic loss analysis, and risk management by helping to inform academics, practitioners, and attorneys about theoretical and practical developments in these fields.
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