Book Title | Islamic Banking Current Scenario And Way Ahead |
Book Author | |
Total Pages | 62 |
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Language | English |
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Islamic Banking Current Scenario and Way Ahead
ISLAMIC BANKING CURRENT SCENARIO AND WAY AHEAD
What is Islamic Economics Islam is a Deen which gives guidance for Aqaid, Ibadat, Mu’ashrat, Akhlaq & Mu’amalat. Hidaya- a famous book of Fiqh has a 70 % portion dedicated to Mu’amalat.
The humanitarian goal of achieving the well-being of all members of the human family cannot be attained by concentrating primarily on the material constituents of well-being and making maximization of wealth the main objective of Economics.
It is also necessary to raise the spiritual content of well being and reduce all the symptoms of anomie, like family disintegration, heavy interest-based debt payments, conflict and tensions, crime, alcoholism, drug addiction, and mental illness, all indicating lack of inner happiness and contentment in the life of individuals.
Capitalism, as well as Socialism, have both failed to lead mankind to such overall well-being.
It is, therefore, necessary to lay down the contours of a new system that could help optimize human well-being as per the divine guidelines of Allah.
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