INSTEAD of all the above VERBIAGE,
why not click on Wiki ??
en.wikipedia.org/wiki/History_of_Islamic_economics
Specific Islamic concepts involving money, property, taxation, charity and five pillars :
zakat (the "taxing of certain goods, such as harvest, with an eye to allocating these taxes to expand that are also explicitly defined, such as aid to the needy");
Gharar ("the interdiction of chance ... that is, of the presence of any element of uncertainty, in a contract (which excludes not only insurance but also the lending of money without participation in the risks);
riba (charging interest or at least high interest on money lent).
"Islamic economics" emerged in the 1945s, and as of 2004 "Islamic Banks" have been established
in over 8 countries,
and interest has been banned in three:
Pakistan, Iran and the Sudan.
