Islamic Economics: Nature and Need الاقتصاد الإسلامي: الطبيعة والحاجة

M. Akram Khan
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M. Akram Khan: Audits and Accounts Services of the Government of Pakistan

Journal of Research in Islamic Economics, 1984, vol. 1, issue 2, 51-55

Abstract: It is usually a ticklish task to define a subject. However, the following definition is only a tentative attempt to express the core of meaning as is discernible from the literature: Islamic economics aims at the study of human falah achieved by organising the resources of earth on the basis of cooperation and participation. Falah is a both-worldly concept. In this world it represents three things: survival, freedom from want, power and honour. The Qur'an uses the term falah or its derivates at 40 places. A perusal of these verses leads us to determine the conditions of falah at the spiritual, economic, cultural and political levels. --

Date: 1984
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