Rediscovering economic freedom grounded on the Quran and Sunnah
“While shari’a calls for the establishment of an order of economic freedom based on mutual consent and stringent consumer protection measures, the modern discipline of Islamic economics seems to have drifted in the opposite direction. With few exceptions, mainstream Islamic economics prefers to discuss poverty instead of wealth creation, income differences rather than prices, and the role of the state rather than the role of the market,” wrote Ali Salman in his 2013 essay The Libertarian Character of the Islamic Economy.
Salman, Chief Executive Officer of the Institute for Democracy and Economic Affairs (IDEAS), a member organization of the Economic Freedom Network (EFN) Asia will sit in a panel discussion on Islamic Economics and Open Markets at the 6th International Islam & Liberty Conference.
The annual event happening on November 14-15, 2018 in Islamabad, Pakistan is an attempt to re-discover the original tenets of economic freedom as propounded by the Quran and Sunnah. These tenets constitute the main themes of the conference:
- Voluntary Exchange
- Waqf: Concept of Welfare in Islam
- Consumer Protection
- Enforcement of Contracts
- Approached to Inequality
- Profit and Wealth Creation
- Price Freedom
- Free Trade
- Sanctity of Private Property Rights
- Size and Role of Governments in Islam
- Islam and Financial and Capital Markets
- Fiat or Gold: Basis of Currency in Islam
- Banking Interest and Islamic Alternatives
Islam & Liberty Network (ILN) and Iqbal International Institute for Research and Dialogue (IRD) are co-organizing the event. Interested participants can register here.