Divine Economics Survey Series - Since 2000

Divine Economics Survey 2000Religiosity and Time Allocation Behavior

[Sample Survey of Pakistan and AJ&K]Quaid-i-Azam University, Islamabad

Divine Economics Survey 2006Disaster, Faith and Rehabilitation

[Survey of Earthquake affected areas of Pakistan]Labor & Work-life Program, Harvard University, USA

Divine Economics Survey 2008Interfaith Commonalities and Differences

[Case studies/interviews of scholars of different religions and sects in Boston, New York, New Jersey USA]

Labor & Work life Program, Harvard University USA

Divine Economics Survey 2009Economics of Spiritual Human Capital[Sample Survey of Pakistan and AJ&K]

Kashmir Institute of Economics, UAJK and PIDE

Divine Economic Survey 2012Divine Capital [i.e. religiosity, spirituality and ethics],

Teachers' Performance, Consumption, Time Allocation[Survey of selected sampled locations in AJ&K and Pakistan]

Kashmir Institute of Economics, UAJK

Divine Economic Survey 2012Disaster Perception Survey

[Sample Survey about Myth 'World Destruction on December 21, 2012']Kashmir Institute of Economics, UAJK

Divine Economic Survey 2013Economics of Spiritual Human Capital, Social Capital,

Divine Capital, Wellbeing, Sustainability, Universal Values, Water Use, and Enterprise efficiency

[Survey of selected sampled locations in AJK]Kashmir Institute of Economics, UAJK

and HEC Pakistan

Divine Economic Survey 2014Universal Values, Wellbeing, Future Economy

Kashmir Institute of Economics

Divine Economic Survey 2015Solid Waste Management Module

Kashmir Institute of Economics and HEC Pakistan

Divine Economic Survey 2017Values and Wellbeing: Theoretical Interrelationships and Empirical

Applications[Systematic random sampling of all Pakistan and AJK]

Kashmir Institute of Economics and HEC Pakistan

ANNOUNCEMENTIf you are interested in co-authorship, joint research projects, pre & post-doctoral fellowships and other collaborative initiative for extension in divine economics, then register at:

www.divine-economics.org

or ContactDivine Economics Project

Kashmir Institute of EconomicsCity Campus, University of Azad Jammu & Kashmir

Muzaffarabad, AJ&K, PakistanPhone: 0092-5822-960489, Fax: 0092-5822-960457www..divine-economics.org | www.ajku.edu.pK

Email: divineconomics@gmail.com

KEY CONTRIBUTORS:

Pioneer:

Prof. Dr. Syed Nisar Hussain Hamdani [UAJK]

Mentor:

Prof. Dr. Eatzaz Ahmad [QAU]

Prof. Richard B. Freeman [Harvard]

Others Contributors:

Dr. Mahmood Khalid, Dr. Usman Mustafa, Dr. Ahsan Satti [PIDE], Dr. Akhtar Hussain Shah [Govt of KPK], Late Dr. Mohammad Asghar Tashfeen [Gordon College Rawalpindi], Dr Miraj-ul-Haque [IIIU], Dr. Zahid Siddique [NUST], Mirza Shahzad [Karachi U], Dr. Abdul Sattar [PBS], Dr. Zafar Moeen Nasir [UAE], Dr. Anwar Shah, Dr. Tariq Majeed [QAU], Dr. Jamil Hassan, Dr. Siama [Karachi U], Dr. Tasnim Akhtar [GIFT U], Imran Haq Nawaz [USA], Dr. Abdur Rauf [UAJK] … LIST CONTINUES

Emerging Scholars:

Fozia Munir, Ashar Awan, Atique Farrukh, Maria, Ali Abidi, Sana Javaid, Huda Qaszi, Abdul Qadir … LIST CONTINUES

The University ofAzad Jammu & Kashmir

Muzaffarabad

The University ofAzad Jammu & Kashmir

Muzaffarabad

Divine Economics

…. Towards bridging the gaps

in conventional economics !

KASHMIR INSTITUTE OF ECONOMICSExploring the inter-disciplinary economic realities

About Divine Economics!Divine Economics is a newly developed framework to study religion and economics in each others’ perspective using the scientific process. It analyzes the role of religion, ethics, spirituality and values in economy. The framework derives insights from core economics as well as the Holy Scriptures of Divine and other Religions for developing new economic theories and models which may represent economies of both types; with or without religion. This framework has brought many attractive studies and data sets that have generated interest among economist and researchers of world renowned universities including Harvard and London School of Economics.

The formal model was first presented in 1999 at Quaid-i-Azam University as PhD proposal. Subsequently, a number of theoretical models, empirical works, religiosity scales, ethical indices, a series of papers and some survey instruments were contributed for the first time in literature. Another sustained initiative taken was the Divine Economics Survey Series (list of Datasets from 2000 to 2017 on the next page) which offer opportunities to analyze the economy in perspective of religion, ethics, spirituality and values.

It is a reality that majority of the people on earth follow some form of religion but the ‘economic man’ of conventional economics hardly recognizes the holistic or partial role of religion in human’s socioeconomic behavior. Divine Economics is an attempt to bridge this gap. The trends of emerging global economy indicate that people’s faith, spirituality, morality and values shall soon be regarded in economics the same way as other variables in economics because of human’s search for truth, justice, peace and prosperity. Hence, pioneering through theoretical ideas and empirical evidence, Divine Economics offers the policy to invest in religious, spiritual and moral capital for holistic growth and sustainable well-being of people pertaining to their life standards as well as their values of excellence [Kamaal-e-Insaan].

Dr. Syed Nisar Hussain Hamdani

MAIN MODELS IN DIVINE ECONOMICS:Islamic Time Allocation Model - 1999Religiosity and Natural Resource Use Behavior - 2008 Spiritual Capital Model - 2008Divine Capital Model - 2012'Individuals are firms' - 2013New Classification of Universal Values - 2015 Values & Wellbeing - 20177-dimensional Divine Wellbeing Index - 2017

DIVINE ECONOMICS PROJECTS ASSISTED BY HIGHER EDUCATION COMMISSION OF PAKISTAN:1. The Role of Values, Social Capital and Spiritual Capital in

Normal and Post-disaster Economic Behaviors: An Empirical Extension of Divine Economics Framework in Sustainability Perspective.

2. Values and Wellbeing: Theoretical Interrelationships and Empirical Applications.

3. Egoism, Altruism and Wellbeing; A survey based comparative analysis of conventional and Divine Economics Approaches.

COURSES & CURRICULUM:Divine Economics was included as 3 credit course in M. Sc, M. Phil and PhD Programs in Economics at KIE University of AJ&K from 2007 onward. Course material has been developed and is continued. Other newly designed courses include Ethics, Universal Values, Arabic for understanding of Qur’an and Jurisprudence etc.

DISSERTATIONS:Since the release of the first dataset of Divine Economics Survey Series in 2000 (QAU), a large number of dissertations have been completed as extension in Divine Economics in various universities that include one PhD at PIDE, one PhD at AIOU, one M. Phil at Peshawar University and QAU, 13 M. Phil at UAJK and above 24 M.Sc Theses at UAJK.

YOU CAN CONTRIBUTE IN:

1. Integrating economics and religion for effective solutions of economic problems

2. Weakness in conventional economics and extensions through faith-based economics

3. Faith patterns and Economic Agent performance

4. Sustainable Development, contemporary challenges, governance, institutions, disaster economics, water and natural resource use, food security, environment under faith perspective.

5. Poverty (Time poverty; sleep, volunteering, home, religion, faith and other non-income poverty)

6. Recent developments in Economics [Economics of Happiness (LSE), Brain-scan Economics (Yale), The Divine Capital Model 2012(UAJK)

7. Islamic Economics [Progress, theory, empirical works; Islamic Banking & Finance]

8. Economic System Comparisons [Inter-religions and intra religion socio-economic behaviors, comparison of Muslim economies with others; comparison of faith-based and secular economies]

9. Divine Capital (human capital, religious capital, spiritual capital, moral capital and related infrastructure)

10. Measurement issues of Divine Capital [Global and regional surveys on spirituality, religiosity, values]

11. Economics curriculum, training and research strategies for bridging the gap in conventional economics

12. Economics of the future [emerging global problems, opportunities, science & technology, religious prophecies about future, economic growth, End Time Prophecies, convergence towards one system]

13. Regional Economics [Examples; Local Economy, Middle East Economy, Central Asian Countries, CPEC in perspective of Divine Economics etc.]

14. Any other inter-disciplinary work for studying the role of religion, ethics, spirituality and values in economy.