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BOOK IN BRIEF: Sayyid Abul A'la Mawdudi's FIRST PRINCIPLES OF ISLAMIC ECONOMICS !!"# Centre for Islamic Economics, Centre for Islamic Economics International Islamic University Malaysia Centre of Excellence, Maybank Islamic Berhad CONTRIBUTIONS TO CONTEMPORARY ISLAMIC ECONOMICS - MOVING FORWARD BOOK IN BRIEF: Sayyid Abul A’la Mawdudi’s ‘FIRST PRINCIPLES OF ISLAMIC ECONOMICS’ Centre for Islamic Economics (CIE) International Islamic University Malaysia. Centre of Excellence (COE) Maybank Islamic Berhad CONTENTS CONTRIBUTORS Preface .......................................................................................................................... iv PART I: INTRODUCTION Background of Sayyid Abul A’la Mawdudi .................................................................... 2 Overview of ‘First Principles of Islamic Economics’ ...................................................... 8 PART II: BOOK IN BRIEF Introduction Chapter 1: Mankind’s Economic Problems and Their Islamic Solutions ....................... 12 Chapter 2: Economic Teachings of the Qur’an ............................................................. 16 Chapter 3: The Differences between Islam and Capitalism .......................................... 21 Chapter 4: The Economic Philosophy of Islam .............................................................. 24 Chapter 5: The Principles and Objectives of Islam’s Economic System ........................ 26 Chapter 6: Some Basic Principles of Economic Life ...................................................... 30 Chapter 7: The Question of Land Ownership ............................................................... 33 Chapter 8: The Question of Interest ............................................................................. 38 Chapter 9: Zakah in Theory and Practice ...................................................................... 51 Chapter 10: Islam and Social Justice ............................................................................. 61 Chapter 11: Issues of Labour, Insurance and Price Control .......................................... 65 Chapter 12: Recodification of the Economic Laws of Islam .......................................... 70 ii Contributors ■ Mohd Nizam Barom (PhD) Assistant Professor, Department of Economics and Former Director, Centre for Islamic Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia. ■ Mohamed Aslam Haneef (PhD) Professor, Department of Economics and Founding Director, Centre for Islamic Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia. ■ Mustafa Omar Mohammed (PhD) Associate Professor, Department of Economics and Director, Centre for Islamic Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia. ■ Mohd Mahyudi Mohd Yusop (PhD) Associate Professor, Department of Economics and Research Fellow, Centre for Islamic Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia. ■ Muhammad Irwan Ariffin (PhD) Assistant Professor, Department of Economics and Research Fellow, Centre for Islamic Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia. ■ Riasat Amin (PhD) Assistant Professor, Department of Economics and Research Fellow, Centre for Islamic Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia. iii
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