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"[This is] a subject of such relevance and importance that one wonders why nobody else dealt with it in book form before."—Dr. Wilfried Hofmann Muslim civilization has experienced a decline during the last five centuries after previously having undergone a long period of prosperity and comprehensive development. This raises a number of questions such as what factors enable Muslims to become successful during the earlier centuries of Islam and what led them to their present weak position. Is Islam responsible for this decline or are there some other factors which come into play? M. Umer Chapra provides an authoritative diagnosis and prescription to reverse this decline. M. Umer Chapra is a research advisor at the Islamic Research and Training Institute of the Islamic Development Bank, Jeddah, and author of The Future of Economics and Islam and the Economic Challenge.

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Offers a critique of existing economic systems, including those implemented by Muslims.Presents a history of economic systems, with a particular focus on those that have existed throughout Islamic history.Details a moral and economic path that will lead to the use of economics as a driver for a better, and more just, world.The author is widely recognized for his contributions to Islamic economics, and has been awarded the two most coveted prizes in the field: The Islamic Development Bank Award for Islamic Economics (1989)King Faisal International Prize for Islamic Studies (1989)Dr Chapra is also regarded as among the Top 50 Global Leaders who make the Islamic Economy in 2015 (ISLAMICA 500).Islamic Financial is a massive industry. It currently equates to a two trillion dollar industry. Over 75 countries operate a system of it.As Islamic Finance continues to grow the value of pioneering publications on the subject, such as this one, that look at the philosophical rather than practical purposes are invaluable.

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