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News > Translating Quranic Injunctions to Reality for Well-being Important


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Dr Lubna Sarwath:

Translating Quranic Injunctions to Reality for Well-being Important

Highlighting various socio-economic institutions from the Holy Qur’an, economist Dr Lubna Sarwath explicated that the socio-economic institutional interpretations from the Qur’an are meant for the benefit of the humanity.

"Achieving wellbeing and translating the Qur’anic injunctions to reality for the wellbeing is more important than using the tag of ‘Islamic’", Dr Lubna Sarwath said while explaining the Islamic terms and their importance such as Zakat (dues of rich towards poor), Sadaqah (charity), Infaq (spending), Hisbah (Administration), Shura(Mutual Consultation), Tijarah (Trade), Riba (usury), Maslaha(well-being).

Dr. Lubna Sarwath, Ph.D. [Indonesia] and Director of POINTE, who is associated with the Trisakti University, Jakarta, Indonesia and runs the city-based Shausaa’ Foundation was delivering the keynote lecture session on Islamic Economics.

With the topic as ‘Introductory Lecture on Islamic Economics – An Institutional Perspective for Inclusive and Universal Wellbeing’, the lecture was organized by POINTE (Platform for Occidental, oriental and Islamic Networking in studying and Teaching Economics) at Institute of Public Enterprise, Osmania University Campus.

Through power point presentation, Dr Sarwath explained how the law of unity of knowledge is deduced as the world view from the transcendental concept of Oneness or Unity of God (Tauhid).

Premising on the episteme of unity of knowledge, Dr. Sarwath illustrated her categorization of knowledge and de-knowledge or unified knowledge and de-unified knowledge.

She defined institutions as a medium for reinforcing and giving sustainability to an episteme laden policy. She suggested establishing of Consultative Participatory Institutions (CPIs) which have substance (theme); organizational form; recursive functional knowledge-building and learning process, evaluation criteria and self-sustainability as the characteristics.

"Institutionalizing CPIs would ensure that every other factor or variable would be represented at each recursive policy or decision-making process thus generating unified knowledge. Deunified knowledge formed from institutions without the CPI characteristics is leading to chaos in the society both the human and non-human world systems", she said.

Earlier, opening the lecture session Shashi Bhushan, General Manager, Institutional Learning exhorted the Muslim community to study the institutions practiced by the erstwhile successful Muslim regimes and strive to be successful rather than be exploited.

He advised Muslims to use the injunctions of the Qur’an to establish a judicious economy.

"During my tenure in the World Bank and in close foundational association with Al-Khair Co-operative Credit Society, Lucknow and Sahulat Microfinance Institution, New Delhi, I found that Muslims lacked in academic and vocational qualifications in spite of having necessary skills and attitude", he said.

He suggested the Muslim community to adopt and use technology for their uplift.

Source: ummid


12:14 - 3/06/2012    /    Number : 584050    /    Show Count : 856


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