4th Islamic Economics Conference Held

04 April 2016

The Islamic Economy Workshop IV was jointly organized by İLKE Ilim Cultural Education Association (ILEM) and the Economic Enterprise and Business Ethics Association of Turkey (İGİAD) under the title "Social Justice from Islamic Economic Perspective" on April 2-3, 2016.The workshop which was hosted by the Istanbul University’s Islamic Economics and Finance Department primarily addressed the concept of social justice and related issues from the perspective of Islamic economics.

It is worth noting that while the income inequality is increasing day by day, poverty has become a worldwide problem and amidst inhuman labor conditions, inadequate salaries, social insecurity and the existence of a disadvantaged labor market many governments have failed in producing efficient policy measures to counter these issues.

The features of capitalist politics that distance it from the social justice and its characteristics of the inequality that deepen every decade and prevent economic and social prosperity from reaching wide masses have been criticized for years by many Muslim scholars. These criticisms follow the claims that only an alternative theoretical and practical economic order mapped in the Islamic principles can provide social justice. The introductory work in Islamic Economics in 1960s was featured by great focus on the issue of social justice which unfortunately deviated towards an over financialization of the Islamic Economics discipline in the later years hence a need for its re-formation exists.

To read the final declaration of the 4th Islamic Economics Workshop click here..