This piece presents a summary of the book reviewed before embarking upon a critical evaluation of its contents especially the author's claim that there is no scarcity of resources so far as Islamic economics is concerned.

This is a detailed comment as discussant of a paper presented at the 5th International Conference held in UK inacluded in the book. The comments provide a brief summary of the paper reviewed and indicates some methodological blemishes it contains.

Based on the annual Human Development Reports of the UNDP, this paper finds that the main determinants of human resource development by the HDI for various economies are usually the level of per capita income, its rate of growth, expenditure on military, and the state of income distribution. It...

This paper deals with three basic issues in Islamic banking: First, how the profit sharing ratios in mudaraba contracts are in principle determined? Second, do the actual sharing ratios result in an equitable division of profit between the banks on the one hand and the depositors on the other?...

This paper attempts at identifying the contours of a new world order under a unilateral paradigm currently taking shape under the US dominance. Its impact on, and implications for, various countries are going to be different but ultimately none would remain unaffected – developed or developing...

This paper explains the notion of market in historical perspective and the role markets play in free enterprise economies. It lists the major market failures and the role governments are expected to play in regulating and supplementing markets including the promotion of CSR from Islamic...

This is a comment on a paper presented as a discussant of the paper presented at an International conference on Islamic banking and finance held in Bahrain in 2005.

Abstract. This paper deals with a still unresolved issue - credit creation and control- in an interest free banking system. The available literature on the subject is scanty, controversial and inconclusive. The paper holds that credit creation per se is not un-Islamic; the essential point is how...

This a critical evaluation of the book reviewed

This paper argues that profit maximization of mainstream economics though unrealistic serves a useful function in price theory formation. In Islamic economics too we need it for the same purpose. Maximization per se is value neutral. What is maximized, how, and to what end are the real issue to...