Religious Markets versus Secularization

Author: Buğra Kalkan* Secularization and socialization theories are the dominant explanations originated in sociology in religious studies. Advocates of secularization comprehend religious behavior as irrational behavior or childish superstitions that will be evaporated as the advancement of science and modernity. It is claimed that once the humanity understands how the nature and the society works…

Details

Market and Morality

Author: Hakan Şahin* (*) Hakan Şahin is a PhD candidate in Islamic Economics and Finance in Istanbul University. He lectures and publishes on Islam and free market economy; natural rights, civil society, as well as the history of money and banking and runs related seminars in Association for Liberal Thinking. He is also the editor…

Details

The Libertarian Character of the Islamic Economy

Author: Ali Salman* This article was motivated by a proposal made by Nigel Ashford of The Institute of Humane Studies during a meeting of the Mont Pelerin Society in Istanbul in October 2011, that evidence of a libertarian tradition be sought within the history of Islamic thought. It was originally published in Economic Affairs. (*) Visiting Fellow…

Details

Islam and Markets

Author: Dr. Imad-ad-Dean Ahmad* The relationship between Islam and trade is not well appreciated in the West. The Prophet Muhammad (peace be upon him) and his wife Khadija were both merchants. The Qur’an, the Muslim scripture, is filled with parables using the language of trade. It was merchants, not soldiers, who were mainly responsible for…

Details