5 Best Islamic Economics Youtube Channels

Are you a Muslim looking for the best Islamic YouTube channels? Or perhaps an atheist interested in understanding the various components of Islam? There are many amazing YouTube channels out there that can help you better understand Islamic economics, Islamic finance, the Quran, Muslim education, economics, politics and more. Read on to find the best YouTube Channels that can provide you with the knowledge and insight you seek!

Islamic Economics

Channel Views: ~105.9k Channel Subscribers: ~2k Channel Videos: ~336

Islamic Economics Youtube Channel

The Islamic Economics YouTube channel provides educational videos about the principles and practices of Islamic Economics, Islamic Banking, Islamic Finance, Shariah and Law, Islamic Law, Corporate Finance, Corporate Governance, Shariah Governance, and Diminishing Musharakah. It is an excellent resource for those interested in learning more about the Islamic Finance world.

Asad Zaman

Channel Views: ~182k Channel Subscribers: ~3.7k Channel Videos: ~437

Asad Zaman Youtube Channel

Asad Zaman's YouTube channel is a great resource for anyone interested in learning about Islamic Economics, Religion, and their relationship to Society. Asad offers a wide range of knowledge, from lectures to interviews, giving insights into various topics related to all three of these fields.

sonnahar

Channel Views: ~127.5k Channel Subscribers: ~1.2k Channel Videos: ~179

sonnahar Youtube Channel

Sonnahar is a YouTube channel hosted by Mohd Nahar Mohd Arshad, and is dedicated to Islamic economics. The channel features topics such as labor economics, international Islamic University, Islamic finance, and more, giving viewers insight into the impact of Islamic economics on the global market.

IsDB Institute

Channel Views: ~24.8k Channel Subscribers: ~761 Channel Videos: ~162

IsDB Institute Youtube Channel

The IsDB Institute YouTube channel offers a wealth of knowledge on Islamic economics, Society and Religion. Their videos feature interviews with prominent Islamic scholars, economists, and researchers, offering a holistic view of the Islamic world through the lens of economics and societal issues. They strive to bridge the gap of knowledge between the East and the West. It is an invaluable resource for anyone looking to gain insights into Islamic thought and its modern implications.

Almir Colan

Channel Views: ~1.2m Channel Subscribers: ~30.1k Channel Videos: ~120

Almir Colan Youtube Channel

Almir Colan's YouTube channel provides educational content about Islamic Economics, Islamic Finance, Islamic Banking, and the Global Financial Crisis that takes an in-depth look at how the teachings of Islam relate to business and the economy. He offers informative and thought-provoking lectures, providing a greater understanding of how the Islamic faith can drive economic stability.

How Islamic Economics Differs from Conventional Economics

Islamic economics, while related to conventional economics, does have fundamental differences. Although Islamic economics shares some of the same characteristics and motivators of conventional economics, there are also some distinct changes to help prioritize Islamic values.

  • The central tenet of Islamic Economics is that it is a socially responsible form of economics. It relies on the Islamic morals and teachings of the Quran to govern economic practices. This means that Islamic economics has more of an emphasis on the prevention of exploitation of individuals or resources and that any kind of income earned should be distributive and not concentrate on the few. The emphasis of Islamic economics is in community development, much more so than in conventional economics.
  • The Global Financial Crisis of 2008 has shown that conventional economics, which is largely based on capitalism, is flawed and inefficient in the long run. Islamic economics provides solutions to this problem by advocating for ethical economic practices. The core of Islamic economics rests on the principles of transparency, fairness, and social responsibility- areas in which they greatly differ from conventional economics. Islamic economics values the impact of debt on the community and encourages minimizing debt and avoiding usury. These principles guarantee economic stability while maintaining laws of Islamic faith. Ultimately, Islamic economics seeks to create a socially equitable society, rooted in religious beliefs and ethical foundations.

In summary, Islamic economics is a morally-driven form of economics that promotes social responsibility and equity. It focuses on fair and ethical practices to limit the exploitation of people and resources. Although Islamic Economics and conventional economics share some similarities, they differ in their focus on social responsibility, fairness, and debt management. Islamic economics strives for community development and social equity by following the teachings of the Quran.

Current Challenges Facing Islamic Economics

Islamic economics is a rapidly developing field that is playing an increasingly important role in the world economy. Despite its promising potential, Islamic economics is facing several challenges including financial market instability, inadequate monetary and fiscal policies, and lack of transparency.

  1. First, Islamic economics faces increasing financial market instability due to the global economic situation which has caused instability in the major Islamic finance institutions. In addition, the lack of transparency in the industry has led to difficulty in assessing risk and return. This has resulted in sharia-compliant investments being offered at higher costs which discourages investors, resulting in decreased levels of market stability and growth.
  2. Second, a lack of comprehensive monetary and fiscal policies has affected Islamic economics. This is due to the nature of Islamic finance which seeks to avoid speculation and risk through its prohibition of interest-based borrowing and unconventional forms of investment. As a result, Islamic banks struggle to adjust their policies in a timely manner to match macroeconomic factors, such as liquidity and exchange rates. This leads to further market instability and affects the functioning of Islamic economics.
  3. Finally, another challenge facing Islamic economics is the lack of uniform standards and regulation. Islamic financial instruments and institutions are not subject to the same regulations as conventional financial institutions, resulting in difficulties in assessing performance and success. This makes it difficult for Islamic economics to easily integrate within the wider financial system, making it more challenging to take advantage of the available markets and investments.

Overall, Islamic economics is facing a variety of challenges which must be addressed in order to ensure its long-term success. These include financial markets instability, lack of comprehensive monetary and fiscal policies, and lack of uniform standards and regulation. Without addressing these issues, Islamic economics cannot reach its potential and contribute to the improving the world economy.

Global Implications of Islamic Economics.

The Islamic economy is a comprehensive system of economic and financial principles that is gaining recognition around the world. As Islamic economics continues to gain more attention, it is important to consider the potential global implications for countries that choose to adopt Islamic economic systems. In many ways, Islamic economics offers an alternative to more traditional approaches to economics.

  • Islamic economics seeks to create a fair and equitable economic system based on values such as sharing, trust, responsibility, and justice. This system of equitability allows for a more even distribution of resources between businesses, individuals, and nations. As a result, it could potentially result in greater economic stability and prosperity. Additionally, Islamic economics promotes social responsibility by placing limits on speculative investments and encouraging business conduct that is socially and ethically responsible.
  • Finally, Islamic economics could also lead to more efficient markets with reduced market manipulation. By eliminating so-called “riba-based” financial instruments, Islamic economics could provide investors with better access to real economic opportunities and reduce opportunities for speculation and market manipulation. In this way, Islamic economics could potentially lead to better functioning financial markets worldwide.

Overall, Islamic economics could potentially have a variety of positive implications for the global economy. By creating more equitable and efficient economic systems, it could lead to greater economic stability and prosperity for those countries that choose to adopt Islamic economics. Additionally, it could lead to improved global financial markets, reducing risk and speculation, and creating better opportunities for real economic growth.

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