Principles of international economic relations in Islam

المؤلف

Siddiqi, Muhammad N.

المصدر

International Economic Relations from Islamic Perspectives

الناشر

البنك الإسلامي للتنمية المعهد الإسلامي للبحوث و التدريب

تاريخ النشر

1992-12-31

دولة النشر

السعودية

عدد الصفحات

26

التخصصات الرئيسية

الاقتصاد و التجارة
الدراسات الإسلامية

الملخص الإنجليزي

In this paper, attempting to derive the principles of international economic relations in Islam, the approach, the writer choses is to start from the universality of Islam and the universal mission of the Muslim Ummah.

It is argued that the pursuit of the national economic interest of the Muslim Ummah must always be in accordance with the principles of Shari'ah which does not allow selfishness nor neglect of moral values in its.

relation with others.

Furthermore, he argues that those Shari'ah rules which cover inter-personal economic relations do also rule over international economic relations.

In section two of the paper he explained a few of these Shari'ah rules such as: Causing damage and retaliating by damage is not allowed; If necessary, the lesser of the two evils shall be chosen ; Preventing bad evil is prior to acquiring good; Hardship brings about relaxation ; etc.

In the last two sections of his paper, the author argues the case for the pursuit of national economic interest of a Muslim state while formulating its international economic policy.

The basic point is that freedom of international trade should always be the first and predominant principle.

However, the public interest of the people would impose restrictions on this principle.

There are several areas where such restrictions may be acceptable.

In the opinion of the author these areas include foreign exchange, movement of goods, capital and labour, employment and price stability, etc.

لغة النص

الإنجليزية

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نوع البيانات

فصل كتاب

الملاحظات

Includes bibliographical references : p.32-34

رقم السجل

BIM-778236