Renowned Indian expert on Islamic Economics Nejatullah Siddiqui passes away in the U.S.

New Delhi: King Faisal Award-winning Indian Islamic economist Mohammad Nejatullah Siddiqui passed away in the U.S. on Saturday.

According to information received from various sources, he was unwell for a long time living with his family in the U.S.

The 91-year-old economist, one of the senior-most members of the Jamaat-e-Islami Hind, was unique in many ways. He first went the regular modern education, entered into a madrassa system to study Islamic studies, and returned to modern education to complete his Ph. D.

He once told this writer during a meeting in Jeddah, Saudi Arabia that it was at the instance of Maulana Abul A’la Maududi that a group of graduates returned to the madrassa system of education to get a grip over the basics of Islam and then continue with the modern education. He was one of those who followed Maulana Maududi’s advice and went to madrassas in Rampur and Azamgarh in Uttar Pradesh.

He later joined Aligarh Muslim University and taught Islamic Studies and Economics there for a few years. Later, in the 1970s he moved over to the Kingdom of Saudi Arabia where he joined King Abdul Aziz University as a Professor of Economics. It was the time when the Kingdom had established a Research Centre related to Islamic Economics.

It was an emerging subject that attracted many intellectuals to Economics from the viewpoint of Islam as several of the Muslim-Arab nations had begun to feel the impact of the world economy on their States.

Prof. Siddiqui later became a Fellow at the Center for Near Eastern Studies at the University of California and still later a visiting scholar at the Islamic Research and Training Institute with the Islamic Development Bank in Jeddah.
Meanwhile, the President of Jamaat-e-Islami Hind (JIH), Syed Sadatullah Husaini has mourned the passing away of Prof. Nejatullah Siddiqui.

Husaini said: “We are extremely sad on hearing the news of the demise of Dr. Nejatullah Siddiqui. His contribution to the field of Islamic economics was unparalleled. He pioneered the concept of Islamic banking and laid the foundations of what is now a thriving multi-billion-dollar industry.

Some of Prof Siddiqui’s notable books are Recent Theories of Profit: A Critical Examination; Economic Enterprise in Islam and Muslim Economic Thinking; Banking Without Interest; Partnership and Profit-sharing in Islamic law; Insurance in an Islamic Economy; Teaching Economics from in Islamic Perspective; Role of the State in Islamic Economy; Dialogue in Islamic Economics, and Islam’s View on Property.

 

---

1	Never Lose Hope Following are some Quranic verses and a hadith that reflects the Islamic view about Hope. HOPE: Desire accompanied by expectation of or belief in fulfillment.
2	The Women Who Guard the Prophet's Mosque To be in the city of the Prophet is a blessing in itself, but to be there during Ramadan, that is a whole other story. Women surround me as I make my way towards the gates of Masjid-E-Nabawi (The Mosque of the Prophet Muhammed P.B.U.H), stopping a few feet from the doors to remove their shoes. They then line up, holding their bags out for inspection.
3	The Virtues of the Month of Rajab in Islam Our beloved Prophet Muhammad (SAW) said: Rajab is the month of Allah, Shaban is my month, and Ramadan is the month of my Ummah.
4	Why Every Muslim Needs to Study History So if we’re going to explore the lived experiences of humanity beyond our immediate place in time and space, there are only two ways to go insofar as the dimension of time is concerned: either the past or the future. The future, in this case, is useless simply because it hasn’t happened yet. The past, on the other hand, is an incredibly rich source to study the lived experiences of humans as individuals and humanity as a whole.
5	The Last Battle - Dr. Mahathir bin Mohamad எளிய தோற்றம், வலிய கருத்துகள், போட்டி, பொறாமை, சூதுவாது இவற்றின் பொருள் தெரியா குழந்தை உள்ளம். அச்சாணி என்று புலவர்கள் வர்ணிப்பார்களே, அவ்விலக்கியங்களுக்கு இலக்கணமாகத் திகழ்ந்தவர்.
6	How to Make Quran Learning Effective For Kids
7	The Dangers of Science: Imam Ghazzali’s Advice on Philosophy
8	Ways and Virtues of Sadaqah (Charity)
9	The King Who Cried (Moulana Abul Hassan Nadvi)
10	Invention of Eye Drops Through the Quran
11	HISTORY OF PIG FAT
12	Tariq ibn Ziyad
13	I am a Muslim and I am angry
14	Are All Terrorists Muslims? It’s Not Even Close
15	What the Western Thinkers Said about Islam
16	Uniting Humanity
17	Did Prophet Muhammad spread Islam by the sword and force people to accept his religion?
18	A letter to Non-Muslims
19	Expressing Condolences and Sympathy
20	Currency of Jannah
21	Glimpses of the Prophet's Conduct
22	I am sorry, O Prophet
23	MORAL SYSTEM OF ISLAM
24	What Islam says About the Beard