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Dr. Muhammad Hamidullah was a genius and prolific writer.Anyone who has an interest in the Qur'ans translation, Hadith literatureInternational Islamic Law, Islamic Politics and archival heritage of Islamcannot ignore Dr. Hamidullah's contributions. He started writings on thesubject of Islamic Economics as early as the 1930s. He was a pioneer in Islamiceconomics and many firsts in this subject belong to him. For instance: interest freefinancial institutions in the modern period, advocacy of mutuality as thebasis for Islamic insurance, mutuality based Islamic finance and proposal forestablishment of international interest-free monetary fund. He also critiquescurrent systems and offers an alternative. His works are also a rich sourceof Islamic economic history. None of his contemporaries in the first half oftwentieth century had written on such a diverse aspect of the subject.
The economic thoughts of a fourteenth century scholar whose work continues to influence the lives and thoughts of Muslims today.
Islahi explores the state of Arab Muslim economic thinking in the 19th century. Investigating the works of nine distinguished Arab writers from various fields, Islahi concludes that the intellectual, economic and Islamic awakening seen in the 19th century paved the way for the development of Islamic economics in the 20th century.
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