Islamic Economics Quotes

The doctrine of Islamic economics is simplistic, incoherent and largely irrelevant to present economic challenges…. The real purpose of Islamic economics has not been economic improvement but cultivation of a distinct Islamic identity to resist cultural globalization.

You can't just read the Koran to understand Muslim life. You have to look at history, at personalities, at economics, and so on.

Today, the Muslim world is the poorest of the global powers.

The Western world, in spite of its advantages of mechanization and industrial efficiency is today in a worse mess than ever before in history. The adoption Western economic theory and practice will not help us in achieving our goal of creating a happy and contented people. We must work our destiny in our own way and present to the world an economic system based on true Islamic concept of equality of manhood and social justice.

We must work our destiny in our own way and present to the world an economic system based on true Islamic concept of equality of manhood and social justice. We will thereby be fulfilling our mission as Muslims and giving to humanity the message of peace which alone can save it and secure the welfare, happiness and prosperity of mankind.

In Sharia, nobody will be able to sell pork publicly. Nobody will be drinking alcohol. Pornography will be banned. Gambling will be banned. In terms of the economy, the wealth which is not tangible, either good or deficit, things like insurance, pension, stocks, shares, etc., they will be prohibited because you're supposed to deal with things, which are goods, which you can see, which you can trade with.

Free market ideology - does anyone know where it first comes from? It comes from medieval Islam, and specifically, Shari'a. Because Shari'a provided this commercial law that is independent from the state.

There are millions and millions of Sufis who have existed in Islamic history and have the deepest impact on every aspect of Islamic culture and civilization to philosophy to art to science to social structure to economics who have not met the destiny of al-Hallaj.