A summarised transcript* of the lecture given for the Ijtimak Ilmuwan Islam Antarabangsa (International Conference of Muslim Scholars). Organised by the Institute of Islamic Understanding Malaysia (IKIM) and Sarawak Islamic Council – MIS on 25-26…
This paper examines the role of the private sector in the development of Muslim civilization. For over fourteen centuries, the private sector has remained active in the development of Muslim civilization, although to various degrees.…
Islamic/Arabic Coins, the dirham, was said to be of such might that it was used as a common currency in the world like the US dollar today. Here are some related articles:
The life story and lessons of a one of a kind person in history, Ibn Khaldun!
Abu `Ubayd's work is much more comprehensive in the subject of public finance of the Islamic State...
Under the reign of Eurocentrism, the Western mind imagines that even if Islam came up with all manner of new ideas and technologies – ideas in engineering, art, mathematics and at a big push, science…
West African Muslim scholars produced a number of Arabic works relating to medicine, philosophy, economic studies, political thought, geography, architecture, town planning and public administration...
During Ottoman rule, Sarajevo was heralded as the “European Jerusalem”, as its invaluable contributions to civil engineering, industry, trade and architecture attracted people from various ethnic and religious backgrounds. Aesthetic beauty alongside scientific ingenuity made,…
Abd al-Rahman ibn Khaldun is considered a forerunner of original theories in social sciences and philosophy of history, as well as the author of original views in economics, prefiguring modern contributions.
In late September 2012, Professor Salim Al-Hassani, President of FSTC, participated in The World Summit on Innovation & Entrepreneurship WSIE 2012 in Boston. The WSIE 2012 brought together the world's most riveting people to plot…
Economics textbooks claim that money was invented to replace onerous and complicated barter systems—to relieve ancient people from having to haul their goods to market. But this theory is not supported by evidence. On the…
The Wall Street Journal, one of the world's most respected newspapers, has suggested recently that the ongoing economic crisis could be resolved in part by the charitable institution of waqf created by the Muslim civilisation…
In the following section, we focus on Ibn Khaldun's contribution to economic thought. We publish contributions by recognized scholars who endeavoured recently to give Ibn Khaldun long overdue credit by placing him properly within the…
Abd al-Rahman ibn Khaldun, the well known historian and thinker from Muslim 14th-century North Africa, is considered a forerunner of original theories in social sciences and philosophy of history, as well as the author of…
Cash endowments contributed to Ottoman society, without any cost to the State, by organizing and financing expenditures on education, health, welfare and a host of other activities. The aim of this article is to discover…
In this article on Ibn Khaldun's thought in microeconomics, Cecep Maskanul Hakim analyses several central concepts and theories, from the dynamics of labor to the complex question of demand-supply and prices. Another aspect of the…
The economic theory of Ibn Khaldun and the rise and fall of nations, Selim Cafer Karatas, Ibn Khaldun on economics, the state theory, specialisation and economic surplus, supply and demand, monetary policy, fixed prices, property…
The 14th-century historiographer and historian Abu Zayd ‘Abd al-Rahman ibn Khaldun was a brilliant scholar and thinker now viewed as a founder of modern historiography, sociology and economics. Living in one of human kind's most…
The contributions of Ibn Khaldun to the development of economic thought have gone largely unnoticed in the academic realm of Western nations, this despite recent research focusing on Khaldun's magnum opus, Al-Muqaddimah. In this paper,…
Ibn Khaldun's theory of taxation has been considered one of his most important contributions to economic thought. In the Muqaddimah, he relates the theory of taxation with the government expenditure and argued for low tax…
The following article presents a survey on some glorious pages of the history of Kairouan, the ancient capital of the Islamic Ifriqiya (present day Tunisia). Founded in 670 by ‘Uqba ibn Nafi', the Arab general…
In the following article, Professor S. M. Ghazanfar, a specialist in the history of economic thought in the Islamic civilisation, explores the evidence concerning the roots of historical "capitalism" as it evolved in the early…
This book is a collection of previously-published papers on the origins of economic thought discovered in the writings of some prominent Islamic scholars belonging to the five centuries prior to the pre-modern era. This period…
During "The First Regional Conference on the Knowledge Economy" in Jeddah, Saudi Arabia, January 12-13, 2008, attended by over 300 experts and professionals as well as several VIPs, Professor Salim Al-Hassani delivered a key note…
The Arabian Knowledge Economy Association organises "The First Regional Conference on the Knowledge Economy" that will be organized jointly with Al-Aghar Strategic Think Tank Group and Jeddah Chamber of Commerce & Industry in Jeddah, Saudi…
Lord Bowden was a legendary Principal and Vice Chancellor of UMIST. He had an interest about Muslim Heritage in Economics and Trade. He was so interested in the subject that he established an institute for…
Trade has no borders. During times of hostility between the Ottoman Empire and Europe, European traders were not only trading with the Ottomans but trading in contraband war materials. This article provides an insight into…
When the Normans took control of Sicily from the Muslims, they recognised the achievements of Muslims and Muslims together with their institutions continued to have a core role for centuries despite consternation elsewhere.
Attacks on Islamic centres of wealth on land and on sea by Western Christian pirates greatly reduced the economic power of Muslim lands. North Africa became economically impoverished as the Trans-Saharan traffic, which had sustained…
During the Fatimid Dynasty, Islamic coins were of such high quality and so abundant that they became the most wide-spread trade coins of the Mediterranean world.
Muslims minted their first gold coins when they entered Spain in 711CE. The new coins were modelled in size and design after the Arab-Byzantine but their inscriptions were in Latin. A large star in the…
The Abbasid Dynasty experimented with different kinds of coins. They improved the appearance of coins using a more elegant form of Kufic script and the legends and the size of the legends on the dinars…
As part of a policy to unify the various regions under Islamic rule, Caliph Abd al-Malik ibn Marwan introduced the first Umayyad gold coins in 691CE. Within a short period of time, Islamic Coins replaced…
Ibn-khaldun enters the frame of Islamic scholarship, associating both intellectual might and near perfect organisational skills to set the foundations for our modern social, economic, historical and political sciences.
The period from the 9th century to the 13th century witnessed a fundamental transformation in agriculture that can be characterized as the Islamic green revolution in pre-modern times. The economy established in the Arab and…
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age of Muslim civilisation.
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