The International Institute of Islamic Thought was founded in 1401
AH/1981 AC to revive and promote lslam:k thought and strive for
Islamization of knowledge in the contemporary disciplines. It also
explores the potential to package knowledge in specifically Islamic
disciplines derived from Tawf!zd and the Sharf'ah.
The Institute publishes scholarly works from its own programmes as
well as contributions from scholars around the world. It also makes
important Islamic scholarly works available in Arabic, English and other
major languages of the world. The Institute welcomes all kinds of
academic cooperation and contributions from all sources concerned with
the progress of Islamic thought and knowledge.

INSTITUTE OF POLICY STUDIES
Established in 1979, the Institute of Policy Studies represents an
effort to promote discussion and research on critical national and
international issues. Besides several periodical reports - Kashmir Watch,
Pakistan Political Perspective, 'Alam-i Islam awr 'lsa 'iyat, Was(f Asia ke
Musa/man and Dfnf $af!afat ka Ja 'izah - the Institute has produced over
100 publications.
Islamic economics has been one of the major areas of its concern.
Some of the recent publications on Islamic Economics by the Institute
include: Elimination of Riba from the Economy, • Ecunomic Teachings
of Prophet Muf!ammad: A Select Anthology of lf.adfth Literature on
Economics • Money and Banking in Islam • Fiscal Policy and
Resource Allocation in Islam • Islamic Banking: Conceptual Framework
and Practical Operations.

And hold fast, all together, unto the bond with God, and do not draw
apart from one another. And remember the blessings which God has
bestowed upon you: how, when you were enemies, He brought your hearts
together, so that through His blessing, you became brethren; and how,
when you were on the brink of a fiery abyss, He saved you from it. In • •-+
this way, God makes clear His messages unto you, that you find guidance.

(Qur'an 3: 103)

Verily, as for those who have broken the unity of their faith and have
become sects-you have nothing to do with them. Their case rests with
God and in time He will make them understand what they were doing.

(Qur'an 6: 159)

 Book author :
The present book aims at showing the contours of an Islamic economy. Its main theme is that the neoclassical economics which has fashioned the presentday world has outlived its utility. Its approach is narrow, its assumptions are unrealistic, and its strategies inhuman. It has landed humanity into an abyss of problems. If human thinking does ...