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Archive for 'Islamic Economics'

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 […]