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Introduction to Islamic Economics: Theory and Application

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The book "Introduction to Islamic Economics: Theory and Application" by Hossein Askari, Zamir Iqbal, and Abbas Mirakhor provides a deep understanding of the fundamental principles of Islamic economics. This book outlines the characteristics, rationality, and key institutions that operate within an economic system based on Islamic teachings. Additionally, it discusses the role of fiscal and monetary policy in the context of Islamic economics, as well as social implications such as economic justice, social welfare, and market efficiency.

This book serves as an important reference for those who wish to understand the fundamental differences between conventional economic systems and Islamic economics, including how Islamic economics emphasizes fair and sustainable wealth distribution. With a structured approach, the book combines theory and real-world applications, offering readers insights into how Islamic economics can contribute to stable growth and societal well-being.

As the first work to integrate various core concepts of Islamic economics into a single volume, this book is highly beneficial for students, academics, and practitioners looking to deepen their knowledge of Islamic economics. It also serves as an excellent complement to the book "Introduction to Islamic Finance" written by Iqbal and Mirakhor.

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