A research project devoted to understanding Islamic teachings related to economics and their economic implications.
At theoretical and philosophical level, the project endeavors to explore and explain the teachings of Islam and the Islamic worldview. It will strive to understand the expected and actual impact of Islamic teachings and worldview on the values, preferences and behavior of an individual and the effect of these on the socioeconomic relations.
At the applied level, the project aims to research on institutions which are consistent with Islamic principles and teachings in order to see their economic potential to fulfill the contemporary needs of modern societies and economies.
At the analytical level, the project strives to objectively and (to the extent possible) empirically appraise the institutions – both contemporary and theoretical – with regards to their economic effects in modern societies and economies.