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Website title: Islamic Economics Project – Research on Islamic Economics and Finance and Role of Faith in Markets and Society in Post Modern Scientific Age

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The Determinants of Donors’ Behaviour Toward Islamic Charities: A Phenomenological Inquiry 
This paper investigates the underlying psychological and practical factors that motivate Muslims to pay their mandatory religious alms to specific Charity Organizations (COs) in Pakistan. Moving away from traditional quantitative approaches, the authors employ a qualitative phenomenological design, utilizing in-depth interviews with 16 participants from diverse urban and rural b...

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Muhammad Nejatullah Siddiqi
The book discusses the vast contributions of Dr. Muhammad Nejatullah Siddiqi in disciplines like economics, finance, Islamization, Maqasid-e-Shar’iah and contemporary socio-political and economic issues. As one of the chief contributors in Islamic economics, Dr. Nejatullah Siddiqi firmly believed that Islamization, or the acquisition of knowledge, should not be pursued for the s...

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Key Highlights of Global Energy Review Report 2026
Global energy demand grew 1.3% in 2025, slower than 2024’s 2% growth, driven by solar PV (meeting >25% of demand growth) and natural gas (17%). Low-emission sources contributed 60% of growth. Fossil fuel demand rose slower: coal +0.4%, oil +0.65 mb/d, gas +1%. China’s growth slowed to 1.7%, US demand accelerated >2%. CO₂ emissions rose 0.4% to a record 38 Gt, with weather ...

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Mufti Taqi Usmani’s Fatwa on Cryptocurrency
This note does not seek to examine the various juristic definitions of māl. Rather, it argues that merely describing cryptocurrencies as digital numbers or ledger entries does not seem sufficient to exclude them from the category of māl. The same description applies to modern banking, electronic money, and numerous forms of intangible financial rights. In fact, what we call fiat...

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Fiqh of Cryptos – Part 1 and Part 2
The most common objection to crypto assets in Shar’iah discussions is not about risk. It is not about volatility either. It is more basic than that. The objection says there is no ‘thing’ here to judge in the first place. A crypto asset, based on this view, is not property that happens to be risky. It is not property at all. It does not exist. It is only an imaginary or a fictio...

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