Analyses of the GNP Formula : The Islamic Perspective

Autor: Maryam Saeed Hashmi, Imran Haider Naqvi
Rok vydání: 2013
Předmět:
Zdroj: Journal of Islamic Economics , Banking and Finance. 9:63-88
ISSN: 2070-4658
DOI: 10.12816/0001602
Popis: The knowledge of modern economics has evolved over centuries with its roots dependent on usury. The modern literature witnesses the hazards of usury that world economies are facing. As Islam is a complete code of life with guidance for mankind in all spheres of life, this study integrated the directives of Islam with the basic knowledge of Gross National Product (GNP) that is a fundamental economical percept. The study utilized the primary and secondary sources of Islamic knowledge and also of Christianity. The study found that the existing formula of GNP is an amalgamation of both legal and illegal determinants as per Islam. It contributed the both the alternate Islamic formula for GNP tested in the ancient Islamic regimes and an optimized version of the existing formula of GNP purified from usury and forbidden concept as per Islam.
Databáze: OpenAIRE