IZZUD-DIN PAL, Pakistan, Islam and Economics:Failure of Modernity (Karachi: Oxford University Press, 1999). Pp. 195.
Abstract
This excellent study offers a critical analysis of the Islamic economic system, particularly as it has evolved in Pakistan after being defined by the traditional ulma and embellished by various Islamic economists. It is a pioneering effort to present a comprehensive view of the issues involved, from riba to the status of women in Islam. These issues are encompassed in a broader discussion of the country's identity: was Pakistan to be an Islamic state or a Muslim state?
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