- to counter distortions and misconceptions about Islamic beliefs and practice
- to demonstrate the Islamic origins of modern values like the rule of law and sciences like market economics
- to advance the status of Muslim peoples maligned by a hostile environment in the West and oppressed by repressive political regimes in the East
- to discover and publish the politico-economic policy implications of Islamic law (shari`ah) and their consequences on the economic well-being of the community,
- to expose both American and Islamic-world Muslims to free market thought
- to educate Islamic religious and community leaders in economics and in the fact that liberty is a necessary, though not sufficient, condition for the achievement of a good society,
- to promote the establishment of free trade and justice (an essential common interest of Islam and the West)
- independent scholarly research (ijtihâd) into policy issues of concern to Muslim countries and/or to Muslims in America; publication of scholarly and popular expositions of such research;
- translation of appropriate works on the free market into the languages of the Muslim world with introductions and commentaries by Muslim scholars;
- and the operation of a scholars exchange program both to allow institute associates to make presentations to academics and policy makers in Muslim countries and to permit libertarian Muslims from abroad to spend time in contact with market-oriented Muslim scholars in America and to have access to resources not available in their home countries.
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