It is about the Economy of Islam. Including the Finance System in Islam and Islamic Banking. This is a group work Presentation major contribution was Syed Ansar my Class mate other group members are Faseeh-ur-Rehman, Bakhtawar Naveed, and (me) Zeeshan Raza.

1. Economic System of Islam
Course Title: History of Muslim Civilization
Presented to: Dr. Saadat Hassan

2. Group Members
Syed Ansar Ali Shah
Zeeshan Raza
Bakhtawar Naveed
Faseeh ur Rahman
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3. Contents
• Major tenets of the Islamic Economics
• Basic principles of Islamic Economic System
• Money and Finance in the Islamic economics
• Islamic Banking
• The functions of Islamic banking
• Theoretical Basis for Islamic Banking
• Basis of Islamic Banking
• Islamic financial instruments
• Factors Motivating the development of Islamic Economy and Finance:
• Islamic Economy and Finance in Practice
• A Performance Evaluation
• Conclusion
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4. Introduction
• What is Economics
• The importance of economic systems
• Major economic systems in the modern world
• Major tenets of Islamic Economic System
• Iqtisad
• Social welfare
• The role of Pakistan
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5. Basic Principles of Islamic Economic System
• The principle of multi-faced ownership
• The principle of economic freedom within a defined limit
• The principle of social justice
• Tauheed
• Ijtehad
• Ethics
• Money and finance in Islamic Economics
• Qard al Hasana
• Participatory Financing
• Prohibition of Gharar
• Prohibition of unlawful activities
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6. Islamic Banking
The major concepts important for understanding Islamic Banking
system are:
• Profit and loss sharing
• Interest free financing
• Shared risk (Musharka)
• Gharar
• Takaful
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7. Functions of Islamic Banking
 Mudarabah
 Wadiah (Safe keeping)
 Murabaḥah (Cost-plus)
 Musharaka
 Ijarah
 Salam
 Istisna
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8. Factors Motivating the development of
Islamic Economy and Finance
• Institutional Dimension
• Moral Dimension
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9. Islamic Economy and Finance in Practice
• How did the Islamic Economic System emerged?
• From 1940’s to 1960’s
• From 1970’s and onward
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10. A performance Evaluation
• Application stage
• Criticism
• Muslims reaction
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11. Conclusion
• The role of Islam
• The role of Islamic economic system in the Muslim world
• Global challenges
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12. Questions & Answers
Thank You
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