Hyderabad, June 3: An open lecture session on Islamic Economics was conducted in Hyderabad by POINTE— Platform for Occidental, Oriental and Islamic Networking in Studying and Teaching Economics.
 The session was held at Institute of Public Enterprise, Osmania University Campus, Hyderabad the other day.
 The topic of the session was ‘Introductory Lecture on Islamic Economics – An Institutional Perspective for Inclusive and Universal Wellbeing’.
 Opening the lecture session Shashi Bhushan, General Manager, Institutional Learning exhorted the Muslim community to study the institutions practiced by the erstwhile successful Muslim regimes and strive to be successful rather than be exploited.
 He advised the Muslims to use the injunctions of the Qur’an to establish a “judicious economy”.
 The main lecture on Islamic Economics was delivered by Dr. Lubna Sarwath who is associated with the Trisakti University, Jakarta, Indonesia.
 She runs the city-based Shausaa’ Foundation and is the Director of POINTE.
 Dr Sarwath suggested establishing of Consultative Participatory Institutions (CPIs) which have substance, organizational form, functional knowledge, evaluation criteria and self-sustainability as their characteristics.
 She highlighted various socio-economic institutions from the Qur’an such as Zakat (dues from rich towards poor), Sadaqah (charity), Infaq (spending), Hisbah (Administration), Shura (Mutual Consultation), Tijarah (Trade), Riba (taking more than due), Maslaha (wellbeing), etc.  

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