Social Justice and Islamic Economics: Theory, Issues and Practice

Description

Cover Half Title Series Page Title Page Copyright Page Table of Contents List of figures List of tables List of Contributors Foreword Preface 1. Social justice in Islam: An introduction Establishing the social justice in Islam Social justice under the political system of Islam Social justice in the economic system of Islam Different dimensions of social justice References 2. A theory of justice in Islam Background Objective Balance and moderation in the Tawhidi methodological worldview Social justice in Islam according to Tawhidi methodological worldview Justice as free good for well-being Elements of justice in Islam An application of the theory of justice to states of peace caused by varying degrees of stability in complementary interrelations Contrasting theories of justice (social justice) Conclusion Notes References 3. Social justice, market, society and government: An Islamic perspective Theory of social justice in conventional system Function of market, government and society in conventional system Complementarity of society, market and government in the Islamic framework Conclusions Notes References 4. Contractual freedom, market and social justice: The “invisible hand” of God-man’s agency relationship (khilafah and real) 1. Introduction Islamic economics, God-man’s agency relationship (khilafah) and real contractual/human freedom 2. The “invisible hand” of the market economy: comparing the Western and Islamic conception of contractual/human freedom 3. The social justice of khilafah in an Islamic economy: the market as ashared enterprise of mutual cooperation 4. Conclusions. The “invisible hand” of khilafah: real contractual freedom, social justice and open issues of political economy Acknowledgements Notes References 5. How can Islamic banks achieve social justice?: Adiscourse Literature review Islamic banking principles and social justice Islamic banking mechanisms toward social justice Islamic banking role in social justice appraisal Conclusion and recommendations Notes References 6. Social aids and willingness to work: Developing asocial aid framework within the context of Islam Types of social assistance programs Lessons learned from past experiences Social assistance and motivation to work An Islamic prospect of social aid Conclusion and some policy implications Notes References 7. The role of waqfs in socio-economic life in terms of poverty alleviation Fighting against poverty: millennium development goals and contemporary efforts of IFIs for reducing poverty Current situation in the world regarding poverty and income inequality, especially in Muslim countries Premodern institutions for fighting against poverty in Muslim world: waqfs as asolution in poverty alleviation The importance of waqfs in economic and social life Sustainability Conclusion Note References 8. Interest and social justice: In the context of income inequality Interest and social justice in the context of income inequality Data and methodology Estimation results Conclusion Notes References 9. Productive Zakat and social justice Background Productive Zakat: aliterature review Case study institutions Case study findings The clients of productive Zakat and challenges to include poor clients’ participation Opportunities and challenges in achieving programs’ sustainability Conclusions Note References 10. Estimation of potential Zakat in OIC Literature review Research methodology Result and analysis Conclusion and recommendations References 11. Social justice through Islamic micro-takaful: Social capital matter The concept of microinsurance and social capital Micro-takaful and PBMT At-Ta’awun Finding and discussion: the analysis of social capital existence within the practice of microinsurance Conclusion and policy implication Notes References 12. Conclusion Index