Islamic Economics

A comprehensive overview of the development and expansion of Islamic finance from its modern origins in the 1960s to its current global presence as a multi-trillion-dollar industry serving both Muslim and non-Muslim populations worldwide.

Comprehensive examination of guild systems and craft organizations in Islamic societies, exploring their role in economic regulation, quality control, professional training, social organization, and urban development from the Abbasid period through the Ottoman Empire and beyond.

Zakat is the obligatory charitable giving that constitutes the third pillar of Islam. A fixed percentage of wealth given annually to specified recipients, it purifies wealth, supports the needy, and embodies Islamic principles of economic justice.