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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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Reclaiming Economics as a Moral Science: An Islamic Approach to Monetary Reform 
Prof. Zaman’s paper, ‘Reclaiming Economics as a Moral Science: An Islamic Approach to Monetary Reform’ argues that contemporary monetary reform remains incomplete because it concentrates on technical solutions - such as macro prudential regulation, institutional safeguards, and regulatory redesign - while insufficiently addressing justice and public welfare. He observes that Isl...

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Kalam and Its Relevance in Muslim Scholarship of Religion  
The book addresses a central methodological tension in religious studies: the demand for epoché, or the suspension of personal belief. Prof. Haslina Ibrahim argues that ‘value-free’ neutrality leads to methodological sterility. Asking scholars to detach from their worldview strips inquiry of purpose; instead, the Kalam tradition treats theological commitment as a foundation for ...

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Key Highlights of the Global Housing Crisis
The global housing affordability crisis has worsened significantly over the past two decades, driven by supply shortages that expanded from 251 million units in 2010 to 288 million in 2023 alongside global price-to-income ratios jumping from 9.5 to 11.7. This escalation is fuelled by rapid urbanization, soaring construction costs, and speculative financial investment, leaving 44...

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The Late Dr. Muhammad Umar Chapra
Dr. Muhammad Umar Chapra (February 1, 1933 – June 13, 2026) was a prominent economist, researcher, professor, and intellectual. During his student days, he was associated with Islami Jamiat-e-Talaba Karachi, and thereafter, throughout his life, he remained actively engaged in the field of knowledge and scholarship as a servant of Islam. As an author of numerous scholarly books a...

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Is a Crypto Asset Mal? The Hanafi View – Part 3
Part 2 of this series asked whether crypto assets are property (mal) under the Maliki, Shafi’i, and Hanbali schools. The answer, at the level of the asset class, was yes. But that left one question open: whether specific crypto assets are actually lawful in Shari’ah. That question was deferred, and this series takes it up later, alongside the Hanafi school’s own version of the s...

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