Divine Economics

Our Testimonials

Prof. Richard B Freeman

Professor of Economics, Harvard University, Faculty Director NBER USA and Senior Research Fellow, London School of Economics

When the Quaid-i-Azam University first asked if I would be an outsider reviewer of the PhD thesis version of this book, I thought, why not? The topic was interesting and the approach was empirical. That the research was done by a young Pakistani PhD candidate in Kashmir made it all the more intriguing. There are disadvantages to working outside the major universities of the world but there is also an opportunity to think things through independently and creatively. I was impressed with the painstaking effort to conduct an original survey on households in Pakistan to test propositions about how religiosity affected behavior at a time when there was relatively little analysis of the issues in economics and when studies used limited questions (how many times one attends religious services, belief in an Almighty) from standard surveys rather than developing new data.
The book provides a more general analysis for interpreting consumer behavior in the context of religion from an Islamic perspective. It is a highly creative and original effort to link behavior, traditional micro-economic theory, and the insights and wisdom of the Qur’an into a unified vision of economic life. The survey data analyzed in chapter 6 derives from novel questions about religious attitudes and behavior in the survey that first attracted my attention, applied to examine charitable behavior and voluntary work. This is a valuable contribution to the on-going scientific effort to analyze the role of religiosity in our lives. It is part of the modern trend in economics to explore aspects of human beings that goes beyond the caricature of economic man as solely concerned with narrow personal interest while recognizing the truths of economic responses to incentives. I was happy to read the original thesis and am pleased to see the work appear as a published book.

John Trumpbour

Research Director Labor & Work-life Program HLS, Harvard University

There are many traditions of social science that have registered the impact of religion on economic behavior. Historical sociology has frequently taken the lead through the Weber-Tawney thesis on the rise of capitalism in Western Europe. Later Maxime Rodinson in Islam et le capitalisme (1966) and Robert Bellah in Tokugawa Religion (1957) expanded these explorations beyond the European heartlands. Through a detailed survey and economic analysis, Syed Nisar Hamdani is seeking to explain how those imbued with religious values may make different economic calculations and responses to crises than those exhibiting a much lower devotion to spiritual beliefs and practices. In recent decades, some economists have come to recognize that the assumption of the rational economic actor, atomized and universalized, can no longer account for the behaviors of people making real-life choices in the market. Dr. Hamdani is continuing to uncover many divergences in economic behavior between the pious and the more secularized elements in South Asia. Though this initial foray is centered on the House of Islam, his project may allow for future analysis of several world religions. Having lived and worked among the people he is studying in Pakistan, Hamdani understands the varieties of religious experience in his native land and can provide sounder foundations for the establishment of what he has called the new field of Divine Economics. With its interdisciplinary aspirations, Divine Economics should be of appeal to those working in a variety of social science traditions.

Dr. Salman Ahmad Sheikh

Associate Professor, International Islamic University Malaysia

It is hard to see sincerity, passion, dedication and originality in today’s research, while Dr. Hamdani is a rare person to find with such qualities that enabled him to patron Divine Economics.

Dr. Atiq ur Rehman

Associate Professor, Kashmir Institute of Economics, University of AJ&K

I am excited to hear that you are organizing a conference on Divine economics. As someone who is interested in exploring interaction of spirituality and economics, I believe that this conference is an excellent opportunity to deepen understanding of this important topic.

Dr. Mohammad Nasir

Director Research Agricutlure Economics, Manchester, UK

The International Divine Economics Conference (series) provided me a great opportunity to meet and interact with students, teachers, and scholars from diverse backgrounds in economics, searching economic realities in Faith Based Perspectives.

Dr. Anwar Shah

Associate Professor, School of Economics Quaid-i-Azam University Islamabad

The International Divine Economics Conference 2013 gave me opportunity to clarify some of my thoughts through exchange of ideas with other participants on religion and economics.

Dr. Ashar Awan

Post Doc Fellow, University of Glasgow

The Economics of Religion and Islamic Economics, like any theoretical frameworks, have their limitations. One limitation is the potential difficulty in quantifying and measuring the impact of religious beliefs on economic decisions. It can be challenging to separate religious motivations from other factors influencing behavior. Having said this, the contribution by Divine Economics so far is praise worthy. Secondly, Divine Economics deals with normative questions, such as the role of religion in public policy or the ethical implications of economic decision. Balancing normative considerations while maintaining the objective and rigor of economic analysis can be a delicate task. Thus, any criticism can be challenged in a normative framework and no conclusion is possible like other philosophical debates. Lastly, studying religion with an economic framework can face skepticism or resistance from both religious communities and economics. Therefore, we praise Dr. Hamdani for successfully embracing these challenges.

Mr. Syed Muhammad Ali Hamdani

Assistant Director, University of Kotli Azad Kashmir

The Divine Economics would open ways for Muslim scholars to share the experiences, and assist to organize various fractions of Muslim community in developing faith based economic models.

Dr. Syed Ali Abidi

Data Manger, World Health Organization AJ&K

Innovative, effective and highly intellectual Divine Economics Conference 2023 for promotion of values based development and welfare for self and all others.

MA Saleem Hashmi

Chief Executive Officer, SAPak

Social enterprises have the potential to be a Divine economic solution by combining the owner of business with the desire to create positive social and environmental impact. By prioritizing people and planet over profit, social enterprises can create sustainable solutions to some of the world’s most pressing problems, while also providing economics opportunities and empowerment to marginalized communities.

Ms. Arooba Naqvi

MPhil Scholar, Department of Education University of AJ&K (2019-21)

Indeed, a valuable conference on study of religion and economics, however enlightened me as well to study Education under faith based world view.

Dr. Madiha Rehman

Associate Professor, Department of Economics, The Islamia University BHWP

I congratulate you for doing such as successful 3rd International Divine Economics Conference 2023 on such an important topic. I was amazed to see the number of participants and you have truly globalized the concept of Divine Economics through the series of Divine economics international conferences.

Ms. Maryum Tahir Banday

PhD Scholar School of Economics, Quaid-i-Azam University

I pay my gratitude to Dr. Hamdani for giving us an opportunity to work for the Divine cause in this conference.

Dr. Masood Anwar

Director Economics Women University Bagh AJ&K

I would love to extend my support to Dr. Hamdani for promotion of this valuable sub discipline of Divine Economics as and when required.

Ribbat Khan

PhD Scholar Strategic Management, NDU Islamabad

Glad being part of 3rd International Conference on Divine economics. It was truly inspiring and thought provoking. Willing to work for interdisciplinary research.

Mr. Naseer Ahmed

Pakistan US Alumni Network

I have been living to make a change in the lives of my social circle. I will discuss the implications of applying Divine economics and its theory in my social and professional circle.

Mr. Ammar Jamil

Research Scholar

I am excited to attend Divine economics conference. I believe this conference presents a great opportunity to learn about new developments, engage with experts and peers and expand my network in this field.

Ms. Saeeda Yasmeen

Lecturer Economics, Women University Bagh AJ&K

After listening to the valuable speakers, I have now starting thinking more deeply and developed my interest in studying pure philosophy.