Islam & Economics: A Primer on Markets, Morality, and Justice

Author: Dr Ali Salman
Publisher: SIRD
ISBN: 9786297575322
Weight: 
Pages: 124pp
Year: 2024
Price: RM35

“In this primer, Ali Salman has delivered a highly readable primer on the principles of an Islamic economy. He makes due reference to the Qur’an, hadith and jurists, but without the usual dogma that often accompanies books of this nature. Most valuable of all, he relates these principles to the realities of our modern world. Ministers of Economy and Finance all across the Muslim world should read this book.”
Tunku Zain Al-’Abidin ibni Tuanku Muhriz
Founding President, Institute for Democracy and Economic Affairs (IDEAS) Malaysia

“Ali Salman’s Islam & Economics is a creative contribution to our understanding of the foundations of what has come to be known as the discipline of Islamic economics. Salman provides a sober perspective on the relevance of Islam to our contemporary economy, while avoiding a dogmatic and utopian position. He provides a well-argued account as to how a serious reflection on Islamic principles, derived from primary sources, would make a case for economic liberty, thus enabling a critique of both vulgar capitalism and authoritarian socialism.”
Dr Syed Farid Alatas
Professor of Sociology and Anthropology, National University of Singapore

“Ali Salman’s primer presents a holistic framework of economic organisation of a society based on the universal principles of Islam as drawn from the historical experiences of Medina under the Prophetic leadership. This classical framework is innovative as it develops foundations of free market, consumer protection and social inclusion based on the ideas of morality and justice. While we aspire to find a balance between faith and work, Islam & Economics offers a possible combination and a roadmap. A must read for those who are interested in the applicability of the ethical principles of economic organisation.”
Emeritus Professor Tan Sri Dato’ Seri Dr Noor Azlan Ghazali
Director, Malaysia Inclusive Development and Advancement Institute (MINDA-UKM)

“Ali Salman’s monograph Islam & Economics: A Primer on Markets, Morality and Justice discusses property rights, creation and distribution of wealth in Islam. Based on Islam’s primary sources, the book convincingly relates the subject to contemporary market realities. Salman is original and lucid and makes a valuable contribution to existing literature on Islamic economics.”
Professor Dato’ Dr Mohammad Hashim Kamali
International Institute of Advanced Islamic Studies (IAIS) Malaysia