
ISLAMIC ECONOMICS IS SYMBOLIZED IN JUSTICEDr. Chapra, Prof. Khursheed Ahmad and Anwar Siddiqui also Spoke The International Islamic University, Islamabad (IIUI) in connection with its Silver Jubilee Celebrations, organized a distinguished lecture of Dr. Umer Chapra, Research Advisor, Islamic Research and Training Institute (IRTI), Islamic Development Bank (IDB), Jeddah On "State of Islamic Economics 2010". Senator Prof. Khursheed Ahmad, Chairman, Institute of Policy Studies, Islamabad was the chief guest on the occasion while Dr. Anwar Hussain Siddiqui President IIUI introduced the guest speaker to the audience who were faculty members, leading economists of twin cities and students of the Islamic University and others educational institutions of the federal capital. Dr. Zafar Ishaq Ansari Vice-President of the university was also present on the occasion. Dr. Umer Chapra said that Islamic Economist is different from conventional economics because Islamic Economics derives its power from teachings of the Holy Quran of Adl which means justice for all. Islamic Economic System is based on the principle of equal, wise and justified distribution of wealth in the society. It also stresses upon fulfillment of material needs of all citizens of a state/territory without any discrimination because Islam speaks of “Rehmat-ul-Lil-Alameen” which is for all and not for Muslims only. He admitted that the world is run by conventional economic system based on market economy which in-fact grabs all resources of the human beings. He said that Islamic Economics is although difficult but not impossible. He gave many examples of Islamic Banking in the world. Prof. Khursheed Ahmad in his presidential address said that Islamic Economics is response to the thirst of people to live in a peace of mind which comes from spiritual peace so Islamic Economics is not only response to the worldly needs of the peoples but also their spiritual needs. He added that Islamic Banking is progressing rapidly in the world and predicted that soon the Islamic Economic System shall replace present system of subjugation and suppression. Dr. Anwar Hussain Siddiqui while introducing the guest speaker said that he was pioneer of the Islamic Economics not only in Pakistan but in the Muslim world and non-muslin world alike. About the IIUI, Dr. Siddiqui said that it is also marching in the same direction and so far prepared thousands of experts of the Islamic Economics System.
Dr. Muhammad Umer Chapra, Research Advisor, Islamic Research and Training Institute Islamic Development Bank, Jeddah, Senator Professor Khursheed Ahmed, Chairman, Institute of Policy Studies, Islamabad, and Dr. Anwar Hussain Siddiqui, President (IIUI) speaking at the lecture "The State of Islamic Economics 2010" at IIUI
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