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       Islamic Economics Series – 24

      PERSPECTIVES ON

       MORALITY AND

       HUMAN

       WELL-BEING

       A Contribution to Islamic Economics

      Syed Nawab Haider Naqvi

      THE ISLAMIC FOUNDATION

       Islamic Economics Series – 22

      PERSPECTIVES ON

       MORALITY AND

       HUMAN

       WELL-BEING

       A Contribution to Islamic Economics

      Syed Nawab Haider Naqvi

      THE ISLAMIC FOUNDATION

       Published by

      THE ISLAMIC FOUNDATION

      Markfield Conference Centre, Ratby Lane,

      Markfield, Leicester LE67 9SY, United Kingdom

      Tel: (01530) 244944/5, Fax: (01530) 244946

      E-mail: [email protected]

      Web site: www.islamic-foundation.org.uk

      QURAN HOUSE, P.O. Box 30611, Nairobi, Kenya

      P.M.B. 3193, Kano, Nigeria

      Copyright © The Islamic Foundation, 2003/1424 H

      All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the copyright owner.

       British Library Cataloguing-in-Publication Data

      Naqvi, Syed Nawab Haider, 1935-

      Perspectives on morality and human well-being : a contribution to Islamic economics

      1. Islam - Economic aspects 2. Economics - Moral and ethical aspects 3. Economics - Religious aspects - Islam 4. Islamic ethics

      I. Title II. Islamic Foundation

      297.2’73

      ISBN 0 86037 328 2

      ISBN 0 86037 387 8 pbk

      eISBN 9780860376477

      Dedicated

      to

      my wife Saeeda;

      our children:

      Andalib, Tehmina, Qurrat-ul-ain, and Neelofar;

      and grandchildren:

      Akbar, Rohina, and Zara

       Contents

Acknowledgments

Foreword

Preface

Part I

RELIGION, ETHICS AND ECONOMICS

Chapter 1: An Overview

I – Introduction

II – Ethics and Economics

III – Religion, Ethics, and Economics

IV – Islam, Ethics, and Economics

Chapter 2: Morality in Economics

I – Introduction

II – Competing Moral Perspectives

III – The ‘Universality’ of the Self-Interest Principle

IV – Towards Altruism

       V – The Possibilities of Public Policy

       Chapter 3: Religious Morality in Western Thought

       I – Introduction

       II – Self-Interest Behaviour and Religious Morality

       III – The Importance of Being Religious

       IV – A Religious Vision of Economic well-being

       V – Religion as a Mainspring of Economic Virtues

       VI – Whither Religious Morality?

       Part II

       ISLAM, ETHICS, AND ECONOMICS

       Chapter 4: Religious Morality in Islam: General Principles

       I – Introduction

       II – What an Islamic Economy is Not

       III – The Fundamentals of Islamic Morality

       IV – Religious Ethics and Economic Reality

       V – Problem Areas in a Traditional Islamic Ethical System 122

       VI – Public Policy in Muslim Societies

       Chapter 5: An Islamic Ethical System: Continuity and Change

       I – Introduction

      

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