Humanomics: Volume 14 Issue 4

PATH DEPENDENT GLOBALIZATION: THE STATE AND FINANCIAL DEREGULATION IN JAPAN

Yoshitaka Okada

Nations are currently facing two big movements: globalization of the market and need for increasing competitiveness. Liberalization and deregulation in international trade…

REGULATION AND DEREGULATION IN THE ISLAMIC POLITICAL ECONOMY: COMPARATIVE PERSPECTIVES

Masudul Alam Choudhury

The much debated topic of economic regulation and deregulation in the perspectives of market transformation that is now gripping the global politico‐economic climate, is studied…

THE ISLAMIC COMMON MARKET: IS IT ECONOMICALLY AND POLITICALLY JUSTIFIABLE?

A. Zeinelabdin, Ilhan Ugurel

Despite the apparent orientation of the world economy and markets towards globalisation, it is obvious that this process is dominated by trends of regionalisation and big economic…

FOOD DEPENDENCY, MALNUTRITION AND EXPLOITATION IN THE POOR MUSLIM COUNTRIES — THE CASE FOR FINANCING MICRO LEVEL ENTERPRISES BY THE PROPOSED ISLAMIC COMMON MARKET (ICM) FUND

Ataul Huq Pramanik

Islam being a revealed religion for humanity as a whole stands for justice and fairness. This can be achieved by way of establishing an exploitation‐free society. Exploitation is…

LABOUR'S INCOME SHARE IN AN ISLAMIC ECONOMIC FRAMEWORK: A PROPOSAL

I. Toutounchian

In standard discussions (capitalistic economy), business firms and the income‐distribution property of production factors are dealt with in a manner in which they are independent…

STABILITY OF MONEY DEMAND UNDER INTEREST‐FREE VERSUS INTEREST‐BASED BANKING SYSTEM

M. Kabir Hassan, Adnan Q. Aldayel

This study examines empirically the stability of the demand for money under two different financial systems. One system pays interest on money deposited at the bank and charges…

REGIONAL ECONOMIC RIGHTS IN ISLAM AND THEIR IMPLICATIONS FOR THE MUSLIM COUNTRIES

Muhammad Ramzan Akhtar

The Prophet Muhammad (pbuh) laid the foundations of the Islamic state in Medina in 622 A.D. The state expanded gradually during the 10‐year rule of the Prophet (pbuh). The Arabian…

FROM RATIONALITY TO RIGHTEOUSNESS: A UNIVERSAL THEORY OF ACTION

Muhammad al Hasan Biraima

This is a paper of methodological orientation. An attempt has been made to delineate the basic elements of a Qur'anic view of social reality as an integral part of the worldview…