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Episode 4: Restoring Economic Integrity, part 1

In this episode, we look at some of the lessons for restoring economic integrity based on "values, principles and fresh thoughts" inspired by the work of Mufti Muhammad Taqi Usmani and his article "Post-Crisis Reforms: Some Points to Ponder".

Introduction:

In modern economics, we are used to a purely materialistic and secular approach that does not allow religious concepts to interfere with its theories and concepts, on the premise that economy is outside the domain of religion. It is, however, an interesting irony that every dollar note has the admission: “In God we trust”, but when it comes to develop theories to earn dollars or to distribute or spend them, trust is placed only on human ideas based on personal assessments; God is held totally out of picture, as being irrelevant to economic activities!

It is perhaps for the first time that, as an aftermath of the present financial crisis, when different quarters are coming up with different suggestions to...

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