© 2018

Prophecy, Piety, and Profits

A Conceptual and Comparative History of Islamic Economic Thought


Table of contents

  1. Front Matter
    Pages i-xiii
  2. Abundance and Scarcity

  3. Wealth and Poverty

  4. Charity and Usury

    1. Front Matter
      Pages 187-187
    2. Ayman Reda
      Pages 189-190
    3. Ayman Reda
      Pages 191-209
    4. Ayman Reda
      Pages 211-234

About this book


This book examines, in greater depth than the existing literature, the history of Islamic economic thought. It seeks to introduce Islamic views to debates surrounding critical economic concepts, such as scarcity, wealth, poverty, charity, usury, self-interest, rationality, and markets. It does so through a comparative analysis with the views of Judaic, Christian, and secular economic thought. “Prophecy” is meant to signify the theoretical dimension of religion, while “piety” represents its practical element; neither part is feasible without the other. Together, prophecy and piety inform the Islamic view of economic concepts and phenomena. This view seeks to adjust our approach to profits, both in this world and the next, and seeks to reexamine what is truly profitable and worthy of sacrifice.


banking economics finance history history of religion international economics Islam Poverty regions religion

Authors and affiliations

  1. 1.EconomicsThe University of Michigan - DearbornDearborn, MIUSA

About the authors

Ayman Reda is a Lecturer at the University of Michigan–Dearborn, USA. He has a PhD in Economics from Michigan State University, and specializes in the history of Islamic economic thought. His professional record includes several articles in internationally recognized journals, conference presentations, invitations to seminars, research grants, and book reviews.

Bibliographic information

Industry Sectors
Finance, Business & Banking