Shariah Compliant Finance - WEEK #5 Arab influence on Europe and "Capitalism"

Shariah Compliant Finance Course from IslamPolicy.com with Younus Abdullah Muhammad
WEEK #5 Sunday April 17, 2011 - Arab influence on Europe and "Capitalism" --
Whilst dominant thought portrays capitalism and all its "progresses as originating in Europe and especially with Adam Smith an accurate and important distinction is made once one looks at the influence of Islam on economic thought and practice. In this session we will debunk traditional Orientalist thought and explore the reality that Islam brought economic advancement as well. We will also touch on the implications of this distinction as well.
Readings:
• Capitalism in Medieval Islam. Labib, Subhi Y. The Journal of Economic History, Vol. 29, No. 1, The Tasks of Economic History (Mar., 1969), pp. 79-96
• Charlemagne, Muhammad, and the Arab Roots of Capitalism. Heck, Gene. Walter de Gruyter GmbH & Co., 2006.
• Contributions of Muslim Scholars to Economic Thought and Analysis. Islahi, Abdul Azim. King Abdulaziz University, 2005.
• Islamic Institutions and Property Rights: The Case of the 'Public Good' Waqf. Shatzmiller, Maya. Journal of the Economic and Social History of the Orient, Vol. 44, No. 1 (2001), pp.44-74.
• Crusades and Jihads: a Long-run Economic Perspective. Heston, Alan. The Annals of the American Academy of Political and Social Science 2003 588: 112

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