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Archive for October, 2006

Gulf companies preparing for Stock Market Listings

Feeding the frenzy
by Alexandra Dubsky
Latest figures show that 134 companies in the Gulf are preparing for stock market listings. But is it the best way to raise cash? And just how big can the rewards be? Alexandra Dubsky finds out.Sir Richard Branson did it. The British computer tycoon Sir Alan Sugar did it twice. And […]

Role of Zakat in reducing dependence on IMF, WB

By Md. Ekramullahil Kafi
Economy occupies a large part of our life. We cannot pass even a day without undertaking any economic activity, whatever it is. Even eating three times a day or sleeping for a while comes within the purview of economics. As for example- why do we eat? We eat to survive. Why do […]

Ibn Khaldun, Father of Economics

By: Dr. Ibrahim M. Oweiss
In his Prolegomena (The Muqaddimah), ‘Abd al-Rahman Ibn Muhammad Ibn Khaldun al-Hadrami of Tunis (A.D. 1332-1406), commonly known as Ibn Khaldun, laid down the foundations of different fields of knowledge, in particular the science of civilization (al-’umran). His significant contributions to economics, however, should place him in the history of economic […]

The concept of Islamic Banking

By: Shabir Handoo
Islamic Banking is not a Utopia anymore as was thought to be. When scholars first talked about this idea in the 1940’s, people in the West laughed at the idea of Banking without Interest. It was inconceivable at that time since most of the Muslim countries were reeling under colonial rule; as such […]

A Basic Guide to Contemporary Islamic Banking and Finance

A Basic Guide to Contemporary Islamic Banking and Finance
By Mahmoud Amin El-Gamal 
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