This episode is the second of a four-part discussion that relates to Ali Salman’s book, "Islam & Economics: A Primer on Markets, Morals and Justice". In this part, we further discuss the Islamic economic principles of wealth creation.
Ali Salman is an economist by training, and CEO of Islam and Liberty Network. He is the founder of Policy Research Institute of Market Economy (PRIME) in Pakistan. He is currently based in Malaysia, where he heads a leading think tank, Institute for Democracy and Economic Affairs (IDEAS).
01:19 – How do people interpret the Hadith of price control
03:32 – The importance of regulations.
07:39 – Does Islam prefer economic freedom over social justice?
08:41 – Has the definition of social justice changed?
19:29 – The principles of free trade
12:12 – Does Islam prefer a no tax principle?
15:13 – Hisbah – market regulator
17:07 – Does Islam prefer state regulators over private entities?
21:08 – The Gold Standard and Fiat Currency in Islamic context
23:25 – How do they value intrinsic currency?
25:05 – Why is there a call to return to the gold standard?
28:13 – Is there such a thing as Islamic currency?
29:37 – Riba
33:33 – How does this apply to credit?
35:30 – Does Riba has to be unjust before be considered Riba?
36:34 – Consensus between two parties is not enough
38:58 – Closing remarks
Episode 060 - Rule of Law & Democracy
Episode 059 - The Future of Democracy in Tunisia
Episode 058 - ILN 10th Conference Highlight
Episode 057 - ILN T.S. 19th Ep: Islam, Free market & Anti-capitalist Fallacies with Prof: Mustafa Acar.
Episode 056 - ILN Talk Show 18th Ep: The Political and Economic Crisis in Pakistan with Mr. Ali Salman
Episode 055 - ILN Talk Show 17th Ep: The challenge of Progressive Islamic Thought in Indonesia-Dr. Pradana Boy
Episode 054 - ILN Talk Show 16th Episode with Ms. Anggia Erma Rini: The Political Spectrum in Indonesia
Episode 053 - ILN Talk Show Episode 15th: Similarities and Differences between the Turkish and the Tunisian Democratic Experiences with Mr. Salih Yasun
Episode 052 - ILN Talk Show 14th Episode: History of the Public Religious Institutions in Tunisia with Mr. Bedirhan E.Mutlu
Episode 051 - ILN Talk Show 13th Episode: The Future of Democracy in Tunisia with Ms. Amel Azzouz
Episode 050 - Revisiting the Arab Spring, Life & Opportunities for Bouazizis in Tunisia
Episode 049 - ILN Tunisia Conference ”Bringing Citizens Back to Power”
Episode 048 - ILN Talk Show 12th Episode: The Domestic Violence Act in Malaysia and beyond with Ms. Ivy Josiah
Episode 047 - ILN Talk Show 11th Episode ”Muslims in India” with Ms. Azeemah Salim
Episode 046 - ILN Talk Show 10th Episode: OIC Conference 2022, a Conversation
Episode 045 - ILN Talk Show 9th Episode: Discussing Ali Salman’s Book.
Episode 044 - ILN Talk Show 8th Episode: The Political Development in Malaysia with Ms. Aira Azhari.
Episode 043 - ILN Talk Show 7th Ep: Thoughts on the ILN online course with Dr. Mohsin Naqvi and Mr. Fida Ur Rahman
Episode 042 - ILN Talk Show 6th Episode : Discussing Dr. Ahmet Kuru’s book
Episode 041 - ILN Talk Show : Dr. Ali Hasannia, Inspired by ILN (5th Episode)
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