The Economic Thought of Khursid Ahmed

Year 2016, Volume: 2 Issue: 2, 41 - 54, 01.07.2016

Nasir Nabı

Abstract

Khurshid Ahmad is one of the pre-eminent writers of contemporary Islamic world. Indeed, the recognition he has received from Western as well as Islamic world testifies to his stature as world intellect figure. Khurshid is advocating the Islamic reforms as a remedy for all the human problems since his very early academic career lectures, editorial work, speeches, dialogues and seminars which have recognized beyond boundaries. Though he has not written as extensively as many others, contemporary Islamic and conventional economist did, whatever he produced is convincing and reflects his intellectual capability. Unlike others legists and thinkers of contemporary Islamic economics, those merely attempted to justify the specific cases on the basis of precedent and their works are only theoretical and have never been recognized for practical implications or could not brought significant movement in the Islamic world, Khurshid had developed a systematic attempt for developing Islamic economics as an applied discipline. This paper attempts to highlight his immense contribution towards Islamic economic thought in the modern times focusing on his perception of Islamic economics.

Keywords

Islamic Economics, Khursid Ahmed, Islamic Economic Thought

References

• Mehboob ul Hassan. “Islamic Approach of Economics” in Kyoto Bulletin of Islamic Area Studies, 3-2 (March 2010). p 220. Ibid p 221. Idem. Ahmad, Khurshid. “Poverty in the World: Some Points to ponder,” in Mohib ul Haq Sahibzada ed. Poverty Alleviation in Pakistan. Islamabad: Institute of Policy Studies. 1997. P 23. Ahmad, Khurshid. “Keynote Address,” in Zia ud din Ahmed, Munawar Iqbal and Khan F. (eds.), Fiscal Policy and Resource Allocation in Islam, Islamabad: IPS. 1986. pp 339-40. Ahmad, Khurshid. Economic Development in an Islamic Framework. Leicester: Islamic Foundation. 1979. p 12. Ahmad, Khurshid. Islamic Approach to Development: Some Policy Implications. Islamabad: Institute of Policy Studies. 1994. p 20. Ahmad, Khurshid. Islami Nazriya-e-Hayat (Islamic Vision of Life). Karachi: Karachi University. 1993. p 248. Ahmad, Khurshid. “Poverty in the World: some Points to ponder,” op.cit. pp 13-15. Ahmad, Khurshid. “Towards the Monetary and Fiscal System of Islam,” A Personal Report on Some Pertinent Questions and Seminar’s Response to them, Based on Seminar on Monetary and Fiscal Economics of Islam, held in Islamabad on 6-10 January 1981. pp 14-15. Ahmad, Khurshid. “Speech at the 22nd Convocation Ceremony,” on the Occasion of the conferment of the Honorary Degree of Doctor of Philosophy (Islamic Economics) at Kuala Lumpur (August 26–27, 2006). p 10. Ahmad, Khurshid. “Towards the Monetary and Fiscal System of Islam,” A Personal Report on Some Pertinent Questions and Seminar’s Response to them, Based on Seminar on Monetary and Fiscal Economics of Islam, held in Islamabad on 6-10 January 1981. pp 14-15. Mehboob ul Hassan. op.cit. p 230. Ahmad, Khurshid. “Elimination of Riba: Concept and Problems,” in Khurshid Ahmad (ed.), Elimination of Riba from the Economy, Islamabad: Institute of Policy Studies. 1995. pp 182-183. Ibid. p 184. Ibid. p 188 . Ahmad, Khurshid. The Religion of Islam. Lahore: Islamic Publication. 1970. pp 178-179. Ibid p 8.