Muʿāmala and the Revival of the Islamic Gift Economy​

The Islamic Gift Economy (IGE) is an integrative Islamic economic system that is autonomous and can stand and prosper on its own ethical and economic principles while in constructive engagement with current neo-liberalism, instead of one that is co-opted, wittingly or unwittingly, into the mainstream, free-market capitalist system, as is largely the case with what currently goes by the name of Islamic Banking & Finance (IBF).

Keywords: Islamic Gift Economy, muʿãmala, partnership, cooperation, moderation, economics of abundance, waqf, common good.

Journal of Islam & Science, Vol. 9 (Summer 2011) No. 1​

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Adi Setia

Adi Setia is the founding director of IGE Advisory, which is dedicated to consulting, teaching and researching in the Islamic Gift Economy framework. He is also the co-founder of the Program for Ethical, Appropriate & Regenerative Livelihoods (PEARL).