Islam And Liberty Podcast

This episode is the second of a four-part discussion that relates to Ali Salman’s book, "Islam & Economics: A Primer on Markets, Morals and Justice". In this part, we further discuss the Islamic economic principles of wealth creation.   Ali Salman is an economist by training, and CEO of Islam and Liberty Network. He is the founder of Policy Research Institute of Market Economy (PRIME) in Pakistan. He is currently based in Malaysia, where he heads a leading think tank, Institute for Democracy and Economic Affairs (IDEAS).   01:19 – How do people interpret the Hadith of price control03:32 – The importance of regulations.07:39 – Does Islam prefer economic freedom over social justice?08:41 – Has the definition of social justice changed?19:29 – The principles of free trade12:12 – Does Islam prefer a no tax principle?15:13 – Hisbah – market regulator17:07 – Does Islam prefer state regulators over private entities?21:08 – The Gold Standard and Fiat Currency in Islamic context23:25 – How do they value intrinsic c