Labor Economics In An Islamic Framework

Author : Toseef Azid
Publisher : Routledge
ISBN 13 : 1000530000
Total Pages : 239 pages
Book Rating : 4.01/5 ( download)

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Download or read book Labor Economics in an Islamic Framework written by Toseef Azid and published by Routledge. This book was released on 2021-12-30 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: The labor market in Islam is governed by the Islamic laws of fairness, justice, and reward that is equivalent to the job done. Most of the literature in the field discusses the normative aspect of the labor market, whereas few attempts can be seen to address more positive aspects. There is a need for new theoretical and empirical models for the Islamic labor market, which should differ from established approaches. This book provides a comprehensive overview of the nature, scope, and dimensions of the labor market in an Islamic context, from both theoretical and practical perspectives. It presents and discusses labor economics and then compares the similarities and differences between conventional and Islamic views of the labor market, explaining where they meet, and critically justifying why they differ, under the umbrella of Shari'ah. The book raises pertinent issues, which it analyzes from both standpoints and widens the discourse to include norms, morality, and related institutions such as social security and welfare. A unique feature of the book is that it examines labor economics practices among a specific group of countries, and studies the labor conditions within these countries, where the majority of the population follow the teachings of Islam in their daily lives. The book proposes practical strategies for the development of new models for the Islamic labor market which are compatible with the modern world. The book will enable academics and practitioners of Islamic economics to make economic sense of Shari'ah compliance and human resource development.

Author : Necmettin Kizilkaya
Publisher : Routledge
ISBN 13 : 1317108515
Total Pages : 241 pages
Book Rating : 4.11/5 ( download)

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Download or read book Labor in an Islamic Setting written by Necmettin Kizilkaya and published by Routledge. This book was released on 2017-03-27 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Islamic labor market rests on the principles of the free market exchange of Islamic economics. Regrettably, the latter has failed to keep pace with the rapidly growing academic and professional developments of the former. Much of the published work within Islamic economics is idealistic if not radically ideological with little relevance to the Islamic labor market, leaving students of Islamic economics without a coherent body of economic theory to understand the practical objectives of Shariah that gives a sense of direction to the developments in this field. Drawing upon received sources of goals of Shariah, the authors present an independent academic work which: Emphasizes the common conceptual grounds of labor market behavior shared by the objectives of Shariah approach as well as the conventional approach to economics. Adopts standard tools of contemporary economics to explain the industrial relations. Extends the conventional scope of the labor market and forces of the labor market under the umbrella of Shariah. Enables readers and practitioners of Islamic economics to make economic sense of Shariah compliance and human resource development. Explains how the economics of Shariah is liable to offer moral guidance and a sense of direction to regulators and practitioners of the Islamic labor market. Labor in an Islamic Setting will be of interest to postgraduate students, academics, middle and senior management in both the western and the Islamic business communities, researchers and policy makers.

Author : Toseef Azid
Publisher : Routledge
ISBN 13 : 1351364553
Total Pages : 210 pages
Book Rating : 4.53/5 ( download)

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Download or read book Social Justice and Islamic Economics written by Toseef Azid and published by Routledge. This book was released on 2019-02-25 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under the rule of the current economic order, social injustice is ever-increasing. Issues such as poverty, inhumane working conditions, inadequate wages, social insecurity and an unhealthy labor market continue to persist. Many states are also unable to produce policies capable of resolving these problems. The characteristics of the capitalist system currently render it unable to provide social justice. In fact, on the contrary, the system reinforces these injustices and prevents economic and social welfare from reaching the masses. Many Muslim scholars have analyzed and, indeed, criticized this system for years. This book argues that an alternative and more equitable theoretical and practical economical order can been developed within the framework of Islamic principles. On the other hand, the experiences of societies under the rule of Muslim governments do not always seem to hold great promise for an alternative understanding of social justice. In addition, the behaviors of Muslim individuals within their economic lives are mostly shaped by the necessities of daily economic conditions rather than by the tenets of Islam that stand with social justice. Until 1990s, studies of Islamic economics made connections between finance and the notion of social justice, but work conducted more recently has neglected this issue. It is therefore evident that the topic of social justice needs to be revisited in a more in-depth manner. Filling an important gap in existing literature, the book uniquely connects social justice and Islamic finance and economics on this topic. Theory, practice and key issues are presented simultaneously throughout this book, which is based on the writings of a number of eminent scholars.

Author : Muhammad Abdul Mannan
Publisher : International Institute of Islamic Economics
ISBN 13 :
Total Pages : 398 pages
Book Rating : 4.74/5 ( download)

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Download or read book Economic Development in an Islamic Framework written by Muhammad Abdul Mannan and published by International Institute of Islamic Economics. This book was released on 1996 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Salman Ahmed Ahmed Shaikh
Publisher :
ISBN 13 :
Total Pages : 13 pages
Book Rating : 4.69/5 ( download)

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Download or read book A Comparative Study of Views and Role of Labor in Marxian, Mainstream and Islamic Economics written by Salman Ahmed Ahmed Shaikh and published by . This book was released on 2017 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we comparatively analyze the views and role of labor in Marxian, mainstream and Islamic economics. We argue that Marxian view of labor undermines the role of entrepreneur. Indeed, the slave trade, industrialization and Colonialism resulted in exploitation of the labor. But, to correct matters, undermining the role of entrepreneur to the extent of abandoning private property rights is not the right solution either as it was also proved in the later part of the twentieth century. Nevertheless, mainstream economics too is unable to create an equitable balance between the capitalists and the labor class, especially in the presence of extractive institutions like interest based earnings on accumulated wealth and incapacitated wealth redistribution mechanisms. These extractive institutions perpetuate the dominance of wealthy capitalists by making their accumulated wealth immune to entrepreneurial risks. This also results in concentration of wealth, increase in income inequality and low levels of capital formation. Indeed, the recent evidence of jobless growth, high youth unemployment despite high per capita income and high income inequality supports this view. In Islamic economic framework, prohibition of interest encourages productive enterprise and capital formation. These factors boost the labor demanded by the firms. In the microeconomic decisions in consumption-leisure choice framework, Islamic institutions positively boost the labor supply. In an Islamic economy, wealth redistribution through Zakat and inheritance laws ensures circulation of wealth. Prohibition of interest closes the door for riskless non-labor income on money capital. This increases the cost of leisure and encourages the person to supply more labor and/or invest money capital in productive enterprise. Finally, we discuss the impact of Islamic work ethics on dealing with the problems of moral hazard, labor shirking and rigidity in the labor market due to efficiency wages and insider-outsider relationships.

Author : Muhammad Nejatullah Siddiqi
Publisher :
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.67/5 ( download)

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Download or read book Economics written by Muhammad Nejatullah Siddiqi and published by . This book was released on 2001 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Masudul Alam Choudhury
Publisher : Springer
ISBN 13 : 1349077283
Total Pages : 252 pages
Book Rating : 4.81/5 ( download)

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Download or read book Contributions to Islamic Economic Theory written by Masudul Alam Choudhury and published by Springer. This book was released on 1986-06-18 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Zaidi Sattar
Publisher : International Institute of Islamic Thought (IIIT)
ISBN 13 : 1565640489
Total Pages : 209 pages
Book Rating : 4.81/5 ( download)

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Download or read book Resource Mobilization and Investment in an Islamic Economic Framework written by Zaidi Sattar and published by International Institute of Islamic Thought (IIIT). This book was released on 1990-01-01 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contemporary understanding of economic resources has almost entirely to do with those elements that are capable of meeting, either directly or indirectly, the needs of mankind. These elements, or resources, both human and natural, are the things that every state attempts, as a fundamental principle of progress and prosperity, to preserve, mobilize, and invest. In the Islamic world, in particular, this is an issue that occupies a very basic position in all development strategy and planning; particularly as, in most cases, the Islamic world continues to suffer from backwardness, and from the adverse effects of the colonialization that was itself one of the major reasons for underdevelopment in the spheres of politics, economics, and culture.

Author : Muhammad Abdul Mannan
Publisher :
ISBN 13 :
Total Pages : 236 pages
Book Rating : 4.61/5 ( download)

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Download or read book The Frontiers of Islamic Economics written by Muhammad Abdul Mannan and published by . This book was released on 1984 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Shatzmiller
Publisher : BRILL
ISBN 13 : 9004491414
Total Pages : 459 pages
Book Rating : 4.10/5 ( download)

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Download or read book Labour in the Medieval Islamic World written by Shatzmiller and published by BRILL. This book was released on 2021-12-06 with total page 459 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an extensive study of labour in the social and economic life of Islamic communities around the Mediterranean in the medieval period, 9th-15th century. Based on a large number of primary and secondary sources, it contains a comprehensive dictionary of trades and occupations practised by both men and women, followed by a statistical and textual examination of the division of labour, the distribution of the labour force, occupational structures and the role of labour in the Islamic economy. It also describes ethnic divisions of labour, social status and image. A group of literary sources yields evidence that Muslim theologians, mystics and philosophers gradually formulated a doctrinal framework for labour. This book will prove a valuable resource for any student of medieval Islamic economic and labour history.