The concept of issuance of revolution is synonymous with the expansion of revolution that Imam considered it at beginning of the revolution. Before the revolution, western countries’ effort and program involved in the dried roots of Islam in different countries and reduced the concepts and doctorins of it. For this reason, this was the most important influence of Islamic revolution was. Series ...

in the past few decades, capitalist economic system has witnessed different financial crises the most important of which is the 2008 financial crisis. the crisis had different causes that the main causes are innovations and financial assets without actual backing (real underlying asset) and their developing by financial institutions. namely, financial institutions, especially banks, developed t...

Islamic economists preoccupation with the deductive approach needs being moderated by a greater recourse to induction, especially in discussing the role of values in the economic system. Values have played an important role in the Christian West in the past, not withstanding the current advocacy of moral relativism. Every social decision implies a value judgment. Values permeate the contemporar...

in this article economic loss means those losses occurring independently of physical damage to things or to a person's body or health. there are two main positions about reparability of these losses: in some countries like french, belgium, spain, italy and luxembourg as a principle rule economic loss is recoverable and there is no difference between economic loss and other losses. but in s...

Can the modern economy function without a market for interestbased credit? This question has acquired some urgency in the wake of the recent Shariat Court ruling banning interest in Pakistan. Some pundits have pronounced that great harm will result from the banning of interest. Actually, such pronouncements are based on a lack of understanding of both the modern economic system, as well as the ...

The concept of Islamic or Shariah-compliant finance is based on core tenets of Islam concerning property rights, social and economic justice, wealth distribution, and governance. One of the key features of the system is prohibition of riba (interest) and gharar (ambiguous contracts or deals) (Kabir and Mahlkrecht 2011, 74; El-Gamal 2009, 58–60). There is consensus among scholars that the prohib...

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