IMEF About
09/17/2025 2025-09-18 12:33IMEF About
Managing the Cost of Living:
The Role of Islamic Finance in Daily Life, Tax-Aware Financial Practices, and Sustainable Development
2 October 2025
Novi Pazar, Serbia
Managing the Cost of Living:
The Role of Islamic Finance in Daily Life, Tax-Aware Financial Practices, and Sustainable Development
2 October 2025
Novi Pazar, Serbia
About the Conference
Our world is experiencing profound economic and ecological challenges: rising living costs, inflation, increased taxation, and climate change. Current linear consumption models (“take, make, dispose”) generate overproduction, waste, and inequality.
The circular economy offers an alternative: reducing waste, regenerating resources, and reusing. From an Islamic perspective, balance (Mīzān) is fundamental:
“And the heaven He raised and imposed the balance (mīzān), that you not transgress within the balance.”
Islamic ethics emphasize:
• Avoiding waste (isrāf)
• Moderation (wasatiyyah)
• Eliminating harm (ḍarar)
• Fairness in transactions
Islamic finance (zakat, waqf, qard hasan, profit-and-loss sharing, ethical investment) helps individuals manage living costs while promoting justice and sustainability.
