Introduction 
Teaching Programs in Islamic Economics: A Comparative Study 
How to Teach Microeconomics in Islamic Perspective at Intermediate Level in an Undergraduate Program 
Economic Development in Muslim Countries: A Strategy for Development in the Light of Islamic Teachings 
Stabilization and Growth in an Open Islamic Economy 
Development and Islam: Selected Bibliography 

Proceedings of the economics seminar held jointly by al Azhar University and the International Institute of Islamic Thought (Cairo, 1988/1409)

This book contains papers presented at the Conference on the Contribution of Islamic Thought to Modern Economics held in Cairo, Egypt, on 25-28 Muharram, 1409 A.H.16-9 September, 1988 A.C. sponsored by Salih Kamil Center for Islamic Commercial Research and Studies at al Azhar University and the International Institute of Islamic Thought.

Islamic awakening needed a new economic doctrine, efficient and morally superior to the secular economic doctrines dominating the modem world. A few Muslim economists championed the reintroduction of Islamic economic doctrine. They held conferences, seminars and workshops. They published papers and books that attracted the attention of economists, students and learned circles in the Muslim world as well as in Western countries.

This conference is part of the intense on going efforts to reintroduce Islamic economics on more firm theoretical grounds. Parallel to this theoretical effort, some Muslim businessmen put into practice the concept of Islamic banking, creating interest-free banks. Inspite of the difficulties engendered by the international financial system, and the rather negative attitude of governments in the Muslim world, Islamic banking proved to be successful. The venture of interest-free banking has confirmed moral principles as a base for successful financial intermediation. Demand for the services of interest-free banking has expanded in the last decade. Islamic banks are now handling over 80 billion US dollars.

The papers included in this volume are part of the ongoing effort to reintroduce Islamic economics using modem analytical tools. The first two papers are concerned with teaching Islamic economic programs. The first one by Iqbal and the second one by Khan discuss in detail the existing Islamic economic programs and introduce new ideas and concepts to improve on its teaching and research.

Introduction 
Misbah Oreibi

Teaching Programs in Islamic Economics: A Comparative Study 
Munawar Iqbal
Discussant : Abdul Rahman Yusri

How to Teach Microeconomics in Islamic Perspective at Intermediate Level in an Undergraduate Program 
M. Fahim Khan
Discussant 1: Shawqi A. Dunia
Discussant 2: Muhammad Adaniyat

Economic Development in Muslim Countries: A Strategy for Development in the Light of Islamic Teachings 
M. Umar Chapra
Discussant : Abdul Hadi al Najjar

Stabilization and Growth in an Open Islamic Economy 
Abbas Mirakhor and Iqbal Zaidi
Discussant 1:  Medhat Hassanein
Discussant 2:  Hanaa Kheir-el-Din

Development and Islam: Selected Bibliography 
Muhyiddin Atiyah