Post-Crisis Reforms: Some Points to Ponder by Mufti Muhammad Taqi Usmani « at-Tahawi

Mufti Taqi Usmani writes: In modern economics, we are used to a purely materialistic and secular approach that does not allow religious concepts to interfere with its theories and concepts, on the premise that economy is outside the domain of religion. It is, however, an interesting irony that every dollar note has the admission: “In God we trust”, but when it comes to develop theories to earn dollars or to distribute or spend them, trust is placed only on human ideas based on personal assessments; God is held totally out of picture, as being irrelevant to economic activities!

It is perhaps for the first time that, as an aftermath of the present financial crisis, when different quarters are coming up with different suggestions to solve the problem, the ‘World Economic Forum’ has invited representatives of religion to give their input to the initiative of reshaping the economic set-up on the basis of values, principles and fresh thoughts. This commendable initiative deserves full support from religious circles. As a humble student of Islamic disciplines, and particularly of Islamic economic principles, I would like to highlight some basic points, derived from Islamic economic precepts, that I believe, are essential for independent and fresh consideration while seeking solutions to our economic problems….

Read entire paper… Mufti Taqi Usmani: Post-Crisis Reforms

Originally posted on: at-Tahawi

2 replies
  1. yusuf limbada
    yusuf limbada says:

    fantastic eye-opener lecture,regretfully the western capitalistic world will not heed to it for their own selfish and materialitic purpose.
    greed and ego have taken them over and they are not prepared to listen rational views for the benefit of humanity atlarge!

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