Mufti Taqi Usmani presents paper at World Economic Forum Annual Meeting 2010

Mufti Taqi Usmani presents paper at World Economic Forum Annual Meeting 2010

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Mufti Taqi Usmani presented a paper at this year’s World Economic Forum Annual Meeting at Davos, entitled, “Post-Crisis Reforms: Some Points to Ponder”.

The paper can be read here.

 

POST-CRISIS REFORMS: SOME POINTS TO PONDER

In modern economics, we are used to a purely materialistic and secular
approach that does not allow religious concepts to interfere with its theories and
concepts, on the premise that economy is outside the domain of religion. It is,
however, an interesting irony that every dollar note has the admission: “In God
we trust”, but when it comes to develop theories to earn dollars or to distribute
or spend them, trust is placed only on human ideas based on personal
assessments; God is held totally out of picture, as being irrelevant to economic
activities!!!

It is perhaps for the first time that, as an aftermath of the present financial crisis,
when different quarters are coming up with different suggestions to solve the
problem, the ‘World Economic Forum’ has invited representatives of religion to
give their input to the initiative of reshaping the economic set-up on the basis of
values, principles and fresh thoughts. This commendable initiative deserves full
support from religious circles. As a humble student of Islamic disciplines, and
particularly of Islamic economic principles, I would like to highlight some basic
points, derived from Islamic economic precepts, that I believe, are essential for
independent and fresh consideration while seeking solutions to our economic
problems.

Read the rest …

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11 responses to “Mufti Taqi Usmani presents paper at World Economic Forum Annual Meeting 2010

  1. When you are reading the newspaper, you may just skip the section of finance. In fact you may think that finance is not something related to your. Yes if you are not actively involved in the financial market you do not need to bother about most of the things about finance. However, there are still something that you should know about. They will actually affect your personal financial situation!

  2. Thank you for sharing the paper of Mufti Taqi Usmani.

  3. did u read the entire 37 pages article?

  4. Justice Mufti Muhammad Taqi Usmani … present crisis needs universal change in our present financial … Chairman of ‘The World Economic Forum’ in its last annual meeting, specially, ….. instance; then the paper money deposited with banks created another imaginary

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