(This is a paper which is published and presented by Dr. Fahim KHAN during Islamic Economics Workshop in 2013, Istanbul Turkey. For more about Islamic Economics, you can follow us on Twitter! twitter.com/islameconomics )
Is Conventional Theory of Economics Totally Irrelevant?
As the following quote from Harvard Professor Zuboff (2009) indicates:
(This is a paper which is published and presented by Dr. Fahim KHAN during Islamic Economics Workshop in 2013, Istanbul Turkey.)
Science of Economics Now Carries the Same Significance as Medical Science
One is supposed to heal the sickness of the body of human being and the other is supposed to heal the economic diseases faced by human beings.
Despite so much development in the science of Economics, humanity continues to suffer overwhelmingly from hunger, starvation, extreme unequal distribution of income of wealth, waste of resources, environment pollution, deprivation from basic human needs like education, health, etc.
Dear Muslim Brothers;
Tyrant Israel started to attack on Palestine again.
So far, six of 28 Palestinians killed in Israel's offensive this week have been children, ranging in age from just under 1 to 14 years, according to Gaza health officials. Most were killed by shrapnel while in or near their homes.
8th WIEF
The 8th World Islamic Economic Forum will be convened this year in the Iskandar Development Region of the state of Johor, Malaysia, the fastest growing economic region in the country and one of the most significant business districts in Southeast Asia. Held at the Persada Johor International Convention Centre on 4 – 6 December 2012 with the theme “Changing Trends, New Opportunities” the 8th WIEF will discuss the changing dynamics in global business today after the Arab uprising and Eurozone crisis which leaves many doors open to new business opportunities elsewhere across the globe.
“Even though Grameen Bank is considered as an Islamic Bank for some, not considered as an Islamic bank for other some; it is not hard to see that the system of Grameen Bank is much like “socially-oriented” than other conventional banks. As it will be later stated; Grameen Bank is the Bank of the Poor, By the Poor, and for the Poor. The only Bank in the world to win Nobel Peace Prize.”