Umar Chapra
Encyclopedia
Muhammad Umer Chapra is a Senior Research Advisor at the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank
, Jeddah who has written extensively on the issues of Islamic economics
and Islamic finance. He worked as a senior economic advisor at the Saudi Arabian Monetary Agency
(SAMA) for nearly 35 years.
His papers and articles include:
He has also written a book called The Future of Economics: An Islamic Perspective
Islamic Development Bank
The Islamic Development Bank is a multilateral development financing institution located in Jeddah, Saudi Arabia. It was founded by the first conference of Finance Ministers of the Organisation of the Islamic Conference , convened 23 Dhu'l Qa'dah 1393 AH.The bank officially began its activities on...
, Jeddah who has written extensively on the issues of Islamic economics
Islamic economics
Islamic economics refers to the body of Islamic studies literature that "identifies and promotes an economic order that conforms to Islamic scripture and traditions," and in the economic world an interest-free Islamic banking system, grounded in Sharia's condemnation of interest...
and Islamic finance. He worked as a senior economic advisor at the Saudi Arabian Monetary Agency
Saudi Arabian Monetary Agency
The Saudi Arabian Monetary Agency , established in 1952, is the central bank of the Kingdom of Saudi Arabia.- History :Prior to the establishment of the Saudi Monetary Agency, the Saudi Hollandi Bank, a branch of the Netherlands Trading Society acted as a de-facto central bank, keeping the...
(SAMA) for nearly 35 years.
His papers and articles include:
- Towards A Just Monetary System, LeicesterLeicesterLeicester is a city and unitary authority in the East Midlands of England, and the county town of Leicestershire. The city lies on the River Soar and at the edge of the National Forest...
, United KingdomUnited KingdomThe United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
: The Islamic FoundationThe Islamic FoundationThe Islamic Foundation, established in 1973 in the city of Leicester, is a centre for education, training, research and publication of issues related to Islam. The Foundation seeks to build bridges between Muslims and others....
, 1985 - "The Role of the Stock ExchangeStock exchangeA stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
in an Islamic Economy," in Sheikh Ghazali Abod et al., An Introduction to Islamic Finance, Kuala LumpurKuala LumpurKuala Lumpur is the capital and the second largest city in Malaysia by population. The city proper, making up an area of , has a population of 1.4 million as of 2010. Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 7.2 million...
: Quill Publishers, 1992. - "MoneyMoneyMoney is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past,...
and Banking in an Islamic Economy," in M. Ariff (ed.), Monetary and Fiscal Economics of Islam, JeddahJeddahJeddah, Jiddah, Jidda, or Jedda is a city located on the coast of the Red Sea and is the major urban center of western Saudi Arabia. It is the largest city in Makkah Province, the largest sea port on the Red Sea, and the second largest city in Saudi Arabia after the capital city, Riyadh. The...
: King Abdul Aziz University 1982. - "Is it necessary to have Islamic economics?", in Journal of Socio-Economics, No. 29, 21-37.
He has also written a book called The Future of Economics: An Islamic Perspective
External links
- www.muchapra.com Umer M. Chapra personal page
- Chapra, M. "Islamic Economics: What It Is and How It Developed", EH.Net Encyclopedia, edited by Robert Whaples. March 16, 2008. URL http://eh.net/encyclopedia/article/chapra.islamic.