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Bases for Riyasta-i-Medina

Huzaima Bukhari “The Constitution of Medina also known as the Charter of Medina (“Covenant of Medina”), was drawn up on behalf of the Islamic prophet Muhammad (PBUH) shortly after his arrival at Medina (then known as Yathrib) in 622AD (or 1 AH),…

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Critique of extractive capitalism—II Surplus, wealth circulation & human development

  Dr. Ikramul Haq Modern economic systems continue to operate on a foundational assumption: accumulation drives growth. Wealth concentration is often portrayed as a necessary by-product of innovation, efficiency and productivity. Nevertheless, contemporary evidence increasingly suggests that excessive accumulation (extreme…

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Critique of extractive capitalism—I Growth, inequality & insecurity

    Dr. Ikramul Haq   Modern capitalism has become extractive, concentrating wealth and generating insecurity. Traditional socialism also failed to protect individual autonomy. A humanistic economic framework is needed—one that promotes cooperation, economic security and development of human potential….

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