Economics Arctic

Economics Arctic works side by side with the consumer to maximize overall utility.

Recodification of The Islamic Economic Theorem

There has been a dramatic change in the world’s civilizational and economic scenes, due to which the format of financial…

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Economic and Industrial Loans for Non-Muslim Countries

‘Can an Islamic government, in an age of interdependence, achieve any progress by declaring as totally Haram, all economic, military,…

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Islamic Modes of Banking

There is nothing wrong or unlawful in the institution of banking itself. It is actually among the highly important and…

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International Lendings and Capital Needs

It is quite clear that in today’s interest/usury-hungry world, we cannot expect to get an interest-free development loan for national…

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Measures for Insurance Reform

Q 1: If not quite sure about the permissibility or otherwise of the insurance business according to the Shari’ah. If…

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Query Answered: Company Shares, Zakāh, Kunūz, Tax

Q 1: In a construction company dealing with real estate or machine tools, a shareholder, as you explained, is exempt from…

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Query Answered: Subject-To-Use of Zakāh

Q 1: How is Zakāh defined? A: Zakāh literally means purity and growth. Technically, it is a financial act of worship…

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Query Answered: Islam’s Economic System

Does Islam offer an economic system, and if so, what is the blueprint of the system? What is the position…

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Interest-free Economic System

Now, let us explain how these two areas of al-Qard al-Hasan and investment loans operate in an interest-free economic system.…

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First Step towards Reform

The scourge of interest can be checked effectively only by closing its floodgates first. As long as interest remains legal,…

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