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Algeria hosts international conference on Islamic ethics and market economy

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  • Algeria hosts international conference on Islamic ethics and market economy

    ALGIERS, March 27 (KUNA) -- Activities of the three-day international gathering on "ethics of Islam and market economy" began here on Monday under patronage of Algerian President Abdelaziz Bouteflika.

    Giving prominance to the conference, Chairman of the Algerian Islamic Higher Council Buomran al Sheikh said in a statement to the Kuwait News Agency (KUNA) that the new world order has encouraged materialism and individualism at the account of the ethical sides of individual beviour and inter-state relations.

    He said 80 percent of the world's resources were presently dominated by 20 percent of the world population. "It is necessary to resort to ethics for a refined market economy," he said.

    Algerian and foreign experts in Islamic and economic issues would try to tie a bridge between spiritual and economic values, he said.

    The gathering is to touch on two key issues concerning Islamic culture in economic and trade transactions and technical matters of the market economy, he pointed out.

    The participants to the gathering would stress the importance of ethics and spiritual values in the regulation of economy.

    In this regard, for Dr. Yousef El-Quaradhaoui, said in remarks to KUNA that Islam which does not accept the separation between science and moral values, can, in no case, accept a separation between economy and ethics.

    He welcomed, in this context, the position of some Western researchers and thinkers who have recognised, this characteristics to Islam and clearly expressed it with courage.

    Algeria hosts international conference on Islamic ethics and market economy

  • #2
    Noted Islamic scholar Dr Yusuf Al Qaradawi has called on Muslim businessmen from all over the world to invest in Al Quds and Palestine.

    Dr Al Qaradawi in an interview with an Algerian Arabic daily Al Akhbar, exhorted businessmen from the Muslim world, including those in Algeria, to make investments in Palestine and Jerusalem.

    The scholar is in Algeria to attend a seminar on Islamic economic system. He also stressed the significance of ethics in business.

    A chapter of a worldwide campaign to help rehabilitate people displaced from Jerusalem was, meanwhile, launched in Algeria in the presence of Dr Al Qaradawi.....

    Qaradawi calls for investment in Palestine