Islamic economics and its applicability

Islamic economics and its applicability

Mamdouh Zayed

In his book "Islamic Economics and Its Applicability," Dr. Mamdouh Zayed presents an in-depth analytical study of the Islamic economic system, focusing on its realism and applicability in the contemporary world, in comparison with capitalist and socialist economic systems that have proven limited in resolving many economic and social crises. Using a rigorous scholarly approach and relying on credible sources, the author discusses the fundamental principles of Islamic economics and examines their resilience in the face of contemporary challenges.

The book begins with the central premise that Islamic economics is not merely a religious theoretical framework, but a comprehensive system encompassing integrated financial, social, and ethical principles. These principles aim to achieve justice, equitable distribution, and a reduction in class disparities without infringing upon freedom of ownership or individual initiative. The author presents these principles through a careful comparison with the solutions offered by capitalism and the failures of socialism.

The book's content:
The author discusses topics such as the concept of money in Islam, the prohibition of usury, the zakat system as a tool for redistribution, endowments (waqf), Islamic finance, and the role of the state in guiding the economy without dominating it. He also examines case studies from some Muslim countries that have sought to incorporate Islamic economic tools into their financial systems, evaluating their successes and failures with precise scientific and methodological rigor.

The book does not merely theorize; it offers practical tools for implementing Islamic economics in modern contexts, focusing on the legislative and institutional framework required to achieve this transformation. At the end of each chapter, it poses critical questions designed to stimulate the reader's thinking and engagement, making it both an educational and informative text.

Why should you read this book?
Because it offers an economic alternative based on ethical and humanitarian principles, and demonstrates its feasibility through scientific and realistic methods. It also provides the reader with a deeper understanding of the jurisprudential and economic foundations of the Islamic system, moving beyond emotional rhetoric or superficial simplifications.

Who is this book suitable for?
This book is suitable for economics students, researchers in Islamic finance, policymakers, and investors interested in Islamic finance. It is also relevant to any reader seeking to understand the fundamental differences between Islamic economics and conventional systems, and the potential for its application in a world experiencing successive economic crises.

📦 Now available at Muthaqqaf Bookstore
🚚 Delivery to all cities in Morocco
📞 0607700728
📧 info.motakaf@gmail.com