Islamic Economics Workshop IV



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.

In this context, Islamic Economics Workshop IV aimed to carry out discussions dealing with the issues surrounding the title of social justice from the Islamic economics perspective. Thus, a collective study of how to bring together the academicians who work on all sides of the world to examine the causes of the current social and economic injustices in a realistic and profound way and how to construct the theoretical ground of Islamic principles based on principles and which alternative mechanisms to take was the main motivation behind this activity. In this framework, brief summaries focused on the following questions:

  • The main causes and consequences of social injustice in today’s world
  • Measures taken to ensure social justice at the global and local scale and their impact / success rate
  • Social justice debates and prominent topics
  • Contribution to Islamic economic perspectives on social justice debates
  • How is social justice understood and practiced today in Muslim societies?
  • The effects and results of economic policies applied in Muslim societies in terms of social justice
  • How can social justice be addressed today with an Islamic perspective?
  • Principles and mechanisms to provide social justice in the framework of Islamic economics
  • Measures to remove class differences and income injustice by an economic system based on Islamic principles
  • What kind of social justice can be established by the Zakat Institution, Interest’s prohibition, charity and its promotion, the prohibition of luxury and waste etc.?
  • How can the principles and institutional qualities of Islamic economics exist in today's economic system?
  • How should the dynamics of distribution and redistribution be structured for a fair economic life?
  • What are the sources, causes and consequences of poverty that exist in Muslim geographies?
  • How can struggle against poverty be handled from an Islamic perspective?
  • What should be the parameters that determine taxation, social security and minimum wage policies in the context of Islamic economics?
  • How are the reflections of development-based economic policies applied in Muslim societies in terms of social justice?
  • As a social policy element, how should the labor market's regulations be realized?
  • What kinds of solutions can be brought from the Islamic economic perspective to the debt crises that states nowadays are experiencing?


        Lütfi Sunar, İstanbul Üniversitesi

        Necmettin Kızılkaya, İstanbul Üniversitesi

        Nihat Erdoğmuş, Yıldız Teknik Üniversitesi

        Süleyman Güder, İLKE İlim Kültür Eğitim Derneği

        Yusuf Enes Sezgin, İLKE İlim Kültür Eğitim Derneği

        Murat Şentürk, İstanbul Üniversitesi


              Abdulazeem Abozaid, Emirates Islamic Bank

              Abdullah Durmuş, Istanbul University

              Adem Esen, Istanbul Sebahattin Zaim University

              Ahmet Faruk Aysan, Boğaziçi University

              Ahmet Yükleyen, İstanbul Commerce University

              Asad Zaman, International Islamic University

              Burhanettin Can, İGİAD

              Celali Yılmaz, SPK

              Cengiz Kallek, İstanbul Şehir University

              Erkan Erdemir, İstanbul Şehir University

              Fahim Khan, Riphah Center of Islamic Business

              Fatih Savaşan, Sakarya University

              Feridun Yılmaz, Uludag University

              Gülfettin Çelik, Istanbul Medeniyet University

              Haluk Songür, Süleyman Demirel University

              Lütfi Sunar, Istanbul University

              Mahmut Bilen, Sakarya University

              Masudul Alam Choudhury, Sultan Qaboos University

              Mehmet Babacan, Istanbul Commerce University

              Mehmet Saraç, Istanbul University

              Murat Şentürk, İGİAD

              Murat Taşdemir, Medeniyet University

              Murteza Bedir, İstanbul University

              Necdet Şensoy, TCMB

              Necmettin Kızılkaya, İstanbul University

              Nihat Erdoğmuş, İstanbul Şehir University

              Nurullah Gür, Medipol University

              Sabri Orman, TCMB

              Servet Bayındır, İstanbul University

              Tamer Çetin, Yıldız Technical University

              Yusuf Alpaydın, Marmara University

              DAY 1

              10.00-10.30 AÇILIŞ

              Davut Şanver İLKE İlim Kültür Eğitim Derneği

              Doç. Dr. Necmettin Kızılkaya Düzenleme Kurulu Başkanı

              Prof. Dr. Murteza Bedir İstanbul Üniversitesi İlahiyat Fakültesi Dekanı

              Prof. Dr. Mahmut Ak İstanbul Üniversitesi Rektörü


              Prof. Dr. Halis Yunus Ersöz İstanbul Üniversitesi

              Prof. Dr. Murteza Bedir İstanbul Üniversitesi

              Prof. Dr. Nihat Erdoğmuş Yıldız Teknik Üniversitesi

              Prof. Dr. Mahmut Bilen Sakarya Üniversitesi

              13.30-15.00 I. OTURUM

              Oturum Başkanı: Sabri Orman Türkiye Cumhuriyeti Merkez Bankası (TCMB), Türkiye

              Tebliğ: Social Justice, Market, Society and Government: An Islamic Perspective

              Toseef Azid & Osamah Hussain Al Rawashdeh Qassim University, Suudi Arabistan

              Müzakereci: Fatih Savaşan Sakarya Üniversitesi, Türkiye

              Tebliğ: Human Freedom, Market Economy and Social Justice in Islam

              Valentino Cattelan University of Florence, İtalya

              Müzakereci: Mehmet Saraç İstanbul Üniversitesi, Türkiye

              15.30-17.00 II. OTURUM

              Oturum Başkanı: Yusuf Alpaydın Marmara Üniversitesi, Türkiye

              Tebliğ: Partial Equilibrium Analysis of Zakat

              Dwi Retno Widiyanti Universitas Brawijaya, Endonezya

              Müzakereci: Abdullah Şahin İstanbul Şehir Üniversitesi, Türkiye

              Tebliğ: Pursuing Social Justice through Islamic Micro-Takaful in the Informal Economy: Social Capital Matter

              Yulizar D. Sanrego Tazkia University, Endonezya

              Müzakereci: Nurettin Tüysüz İstanbul Üniversitesi, Türkiye

              17.30-19.00 III. OTURUM

              Oturum Başkanı: Servet Bayındır İstanbul Üniversitesi, Türkiye

              Tebliğ: The Role of Waqfs in Promoting Social Justice

              Hüsnü Tekin Hazine Müsteşarlığı, Türkiye

              Müzakereci: Ahmet Temel İstanbul Üniversitesi, Türkiye

              Tebliğ: How Social Aids Affect People’s Willingness to Work: Developing a Social Aid Framework within the Context of Islam

              Ömer Faruk Tekdoğan İstanbul Üniversitesi, Türkiye Mehmet Tarık Eraslan Yıldırım Beyazıt Üniversitesi, Türkiye

              Müzakereci: Ahmet Gündoğdu International Islamic Trade Finance Corporation, Türkiye

              DAY 2 

              09.30-11.00 IV. OTURUM

              Oturum Başkanı: Abdullah Kahraman Kocaeli Üniversitesi, Türkiye

              Tebliğ: Opportunities and Challenges of Productive Zakat as a Social Justice Mechanism: Case Study in Indonesia

              Aimatul Yumna Padang State University, Endonezya

              Müzakereci: Murat Taşdemir İstanbul Medeniyet Üniversitesi, Türkiye

              Tebliğ: The Role of Zakat and Financial Inclusion for the Social Justice

              Selim Erbağcı Bankacılık Düzenleme ve Denetleme Kurumu (BDDK), Türkiye

              Müzakereci: Yusuf Kaya Sermaye Piyasası Kurulu (SPK), Türkiye

              11.30-13.00 V. OTURUM

              Oturum Başkanı: Necdet Şensoy Türkiye Cumhuriyeti Merkez Bankası (TCMB), Türkiye

              Tebliğ: How Can Islamic Banks Achieve Social Justice?

              Khoutem Ben Jedidia Higher Institute of Accounting and Business Administration (ISCAE), Tunus

              Müzakereci: Nurullah Gür İstanbul Medipol Üniversitesi, Türkiye

              Tebliğ: Interest and Social Justice: Impact of Real Interest Rate on Income Inequality

              Ozan Maraşlı Ankara Üniversitesi, Türkiye

              Müzakereci: Hafsa Orhan İstanbul Sabahattin Zaim Üniversitesi, Türkiye

              13.00-13.30 KAPANIŞ OTURUMU