STUDIES IN ISLAMIC ECONOMICS contains some aspects of contemporary Muslim thinking representative of this new approach. These papers were presented at the First International Conference in Islamic Economics held at Makkah in 1976.
In these papers, professional economics with deep insight into Islam deal with a number of outstanding theoretical and practical issues on the relevance of Islam to Economics. The fields of study specifically explored include: Theory of Consumption and Consumer Behaviour; Money Interest and Qirad (profit sharing); Interest-Free Banking; Efficiency of an Interest-Free Economy; Fiscal Policy and Zakat; Islamic Welfare State; and Economic Development in an Islamic Framework. Furthermore, two comprehensive surveys present an overall picture of growth of Islamic Economics as an independent discipline.