Review article

Basic Principles of Islamic Economics

Vigor Maštruko ; Ministry of Defense, Republic of Croatia

Abstract

In the nineteen sixties, in Islamic countries formation of theoretical and practical model of Islamic economy was initiated that would represent a certain alternative to existing prevalent economic systems. The paper deals with basic principles on which the Islamic economy rests on, as well as with differences regarding the economic system which prevails in the West. The author outlined certain significant financial instruments. He also gave an overview of accomplishment of principles of Islamic economy in practice and problems and experiences in establishing a complete system.

Keywords

Islam; economics; social justice

Hrčak ID:

286513

URI

https://hrcak.srce.hr/286513

Publication date:

31.12.2002.

Article data in other languages: croatian

Visits: 888 *