Expert conference
Details
This project aims at meeting the huge interest towards the Social Market Economy Theory expressed by many stakeholders during Al-Quds and KAS latest activities, and supported by Germany’s desire to promote this concept as a possible solution for the urgent socio-economic issues in the region. As followup Al-Quds Center for Political Studies wants to organize a conference that discusses major common principles of the theory of Social Market Economy and Islamic economics, and how these could be adapted to local realities. SME seems more in accordance with Islamic economic principles and values than the free market theory. While facing the repercussions of structural reforms, liberalization and reduced national autonomy due to globalization, Jordan and the Arab countries urgently search for economic concepts and autentic solutions that would address the deficiencies of their current economic systems. While public debate on Islamic economics is often reduced to Islamic banking, not many Islamic scholars have tried to translate major Islamic principles into an authentic economic framework that would enhance the capacity of Arab economies to fulfill the aspirations of the people and actually contribute to development. Comparative analysis of major elements of social market economy would lead to a sincere dabate and re-discovering of original Islamic Principles such as social justice, equality and fairness, respect for the market and property rights, and consultative governance (shura) for the overall well being of the citizens. Many of the Islamic economic principles are widely practiced in Asian Muslim societies. Muslim scholars and experts in East Asian economies therefore would contribute a deeper understanding, consensus-building and results to benefit economic reforms.
PROGRAM
KAS AMMAN OFFICE | AL QUDS CENTER FOR POLITICAL STUDIES
Towards an Islamic Interpretation of Social Market Economy - Civic Democratic Islamic Discourse III
REGIONAL WORKSHOP
SATURDAY, JULY 25
09:00 h Registration
09.30 hOpening and Welcoming Session
Oraib Al RantawiDirector General, Al Quds Center for Political Studies
Michael DäumerDirector, KAS Amman
10.00 hSession 1: Searching for a New Economic Model
Chair:
H.E Dr. Jawad Al-Anane Jordan
Is there an economic theory in Islam? How does it conform
And Differ from other Theories of Market Economy?
Dr. Ismail OZSOY Professor of Economics, Department of Economics
Fatih University Istanbul, Turkey
General Discussion
11.30 h Coffee Break
12.00 hSession 2:
Chair: N.N.
Social Market Economy in the World Economic Crisis
Dr. Marcus Marktanner Department of Economics, American University of Beirut
The Future of Capitalist Market Economy Theory
Dr. Ahmad Al OranProfessor of Economics, Jordan University, Amman
General Discussion
14.00 h Lunch Break
15.00 hSession 3: The Social Economy Dialogue
Chair: N.N.
Where does the Social Market Economy stand on Privatization, Role of Public and Private Sectors in Economy,
Social Justice, Corporate Governance and Social Responsibility?
David GregoszResearcher, Department of Economic Policy, Konrad-Adenauer-Stiftung, Berlin
Where does Islamic Market Economy stand on Privatization, Role of Public and Private Sectors in Economy,
Social Justice, Corporate Governance and Social Responsibilty?
Samir ShaerShari´a Audit Manager, Arab Finance House (Islamic Bank), Beirut, Lebanon
General Discussion
17.00 hClosing Session and Recommendations
Oraib Al RantawiDirector General, Al Quds Center for Political Studies
Michael DäumerDirector, KAS Amman
17.30 h End of workshop