Economy

Why Islamic Economics Is a Game Changer in the Modern Era

Islamic economics plays a crucial role in addressing contemporary challenges such as inflation, economic crises, and poverty Written by Redaksi IAEI January 13, 2025 Islamic economics merges financial principles with ethical values and social justice, providing an alternative to conventional systems focusing solely on profit maximization. Rooted in historical Islamic traditions, […]

Islamic Economy VS Capitalism

*Capitalism practised in developing countries causes approximately 50-80%  of the population owns only 20% of the countries’ wealth* The whole world is particular about economy which is considered as the main source of life. Every nation and every country strive hard to strengthen their economic situation. When the economy of a […]

Why and How Economics Must Change

Jayati Ghosh March 2024 Credit: ANDRE LAAME/SEPIA English  Economics needs greater humility, a better sense of history, and more diversity The need for drastic change in the economics discipline has never been so urgent. Humanity faces existential crises, with planetary health and environmental challenges becoming major concerns. The global economy […]

Third World debt

Also known as: debt of developing countries, developing-world debt Written by Stephen R. Hurt Fact-checked byThe Editors of Encyclopaedia Britannica Article Historyalso called:developing-world debt or debt of developing countries Third World debt, debt accumulated by Third World (developing) countries. The term is typically used to refer specifically to the external debt those countries owe to […]

Islamic finance: a powerful solution for climate action

Mehdi Leman 21 November 2024 •  Across the globe, Muslim communities find themselves disproportionately affected by climate change, with extreme weather events, rising food insecurity, and other climate impacts taking a toll on their livelihoods, cultural practices, and spiritual life.  In the last few years, devastating floods swept through Pakistan, affecting millions, […]

Pakistan. Delayed funds…

Delayed funds Editorial Published August 26, 2024   A FRIEND in need is a friend indeed. China, Saudi Arabia, and the UAE have lived up to the adage, rescuing Pakistan multiple times in recent years by propping up its international reserves through large cash deposits and loans, as well as rolling over their […]