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Islamic Economics Project

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Website title: Islamic Economics Project – Research on Islamic Economics and Finance and Role of Faith in Markets and Society in Post Modern Scientific Age

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The book begins with an incisive academic criticism of dialectical materialism, the philosophical backbone of Marxist thought. Al-Sadr argues that history is an incredibly complex phenomenon that cannot be reduced to a single driving force, such as the economic factor or the means of production. He asserts that various other elements, including religious convictions, political s...


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The number of billionaires has surpassed 3,000, with their wealth reaching a record $18.3 trillion in November 2025, an 81% increase since March 2020. This concentration of wealth is exacerbating global inequality, with the 10 richest billionaires holding over $2.4 trillion. The super-rich are profiting from crises like trade tensions, wars, and climate change, while over 2 bill...


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We often hear the term ‘inflation’ to describe a general increase in prices, this rise is typically caused by one of two factors. First, it can occur due to a change in the purchasing power of what the money symbolizes, often triggered by a deliberate reduction in the quantity of wealth it represents. This is the essence of monetary manipulation. Second, prices may rise due to a...


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Islamic banks currently use the same interbank offered rate in pricing their products. By and large, they provide debt based financing rather than equity based modes of financing. Thus, the promise of egalitarian distribution and inclusivity remains unrealized in practice at the moment. From a more pragmatic view to achieve the promise of Islamic economics, it is important to tr...


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February 2026 issue (Vol 6, Issue 2) of Moral Reflections on Economics features • “Pricing Benchmark, Money Market Instruments and Monetary Policy” by Salman Ahmed Shaikh. • "Money and Inflation"  by Hifz ur Rab. • Highlights of Oxfam Report on "Resisting the Rule of the Rich" by Muhammad Hammad. • Book review of “Iqtisaduna” by Baqir Us Sadr. • Research paper in focus on "...


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