Islamic Economist and Scholar Dr Nejatullah Siddqui Passes Away at 91


Clarion India

NEW DELHI – Dr Nejatullah Siddiqui, veteran Islamic economist and scholar died in America after a prolonged illness. He was 91.

Born in India in 1931, he was educated at Aligarh Muslim University as well as Rampur and Azamgarh. He served as associate professor of economics and professor of Islamic studies at the Aligarh Muslim University.

He also served as professor of economics at the King Abdul Aziz University, Jeddah, Saudi Arabia, in its Center for Research in Islamic Economics.

He later became a Fellow at the Center for Near Eastern Studies at the University of California, Los Angeles, and after that a visiting scholar at the Islamic Research & Training Institute, Islamic Development Bank, Jeddah.

He was a prolific writer in Urdu and English. Siddiqi has 63 works in 177 publications in 5 languages and 1,301 library holdings. Several of his works have been translated into Arabic, Persian, Turkish, Indonesian, Malaysian, Thai, etc.

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

The book ‘Banking without interest’ which was published in 27 editions between 1973 and 2000 in 3 languages and is held by 220 libraries worldwide, is perhaps the most widely read book.

One of the pioneers of Islamic finance, Nejatullah Siddiqui was also a former Central Advisory Council member of Jamat-e-Islami Hind.

Jamaat-e-Islami Hind (JIH) President Syed Sadatullah Husaini mourning the passing away of the veteran scholar said his demise is a great loss to the Muslim world and the Islamic Movement. “His passing away leaves a great vacuum in the field of Islamic economics and finance,” he said.

Offering his heartfelt condolences to the bereaved family members, Jamaat chief said, “May Allah forgive him, grant him the highest position in Paradise and bestow patience upon his family members.”


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