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The main feature of this discipline is that it reflects the Islamic outlook and Islamic solutions to various socioeconomic problems currently faced by world as a whole. The economic principles and doctrines have long been researched by Muslim scholars but major thrust was provided during the First International Conference on Islamic Economics in 1976 which marked a turning point in the development of this new discipline. This Conference generated a large amount of interest and cultivated analytical thinking among economists, bankers, ulema and scholars in the Muslim world. Since then, a number of International Conferences, journal and research have been undertaken...
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