Divine Economics

Friday October 20, 2017




Divine Economics is a newly developed framework to study religion and economics in each others' perspective. It was developed by Dr. Syed Nisar Hussain Hamdani in 1999. The framework offers insights for developing new models and variables for economics in the light of Holy Scriptures of Divine Religions. This framework has brought many attractive studies and data sets that have been used by world renowned universities including Harvard and London School of Economics. A number of research papers and many MPhil and PhD dissertations have been completed using this framework.

Data Sets:

A series of surveys has been conducted in Pakistan, USA and other places using Divine Economics survey instruments developed by Dr. Syed Nisar Hussain Hamdani. A number of Data Sets were produced in recent past which enabled policy makers and researchers to understand the role of religion and faith in economics. Some of these data sets are available initially to Mphil/PhD scholars via request email on divineconmics@gmail.com


Many new scales for measuring religiosity, spirituality, ethics and values are now available. These scales are easy to understand and use by economist and sociologists. These scales are developed using Divine Economics framework. The innovation and comprehensiveness of these scales are acknowledged by world renowned economists like Larry Iannaconne, Richard B. Freeman and Lord Layard.


This first international conference on Divine Economics was arranged on 12-14 Dec 2013 at Pearl Continental (PC) hotel Muzaffarabad. This conference was very unique of its kind because it brought together economists from around the globe to a platform of Divine Economics.

|    Picture gallery   |   Abstract book  |   Conference Report  

International Conference on Divine Economics aimed to provide an opportunity to deliberate the economic challenges of the time and scope of integrating faith, religiosity, spirituality and values in the economic models, a 3-day International Conference on Divine Economics was organized at Hotel Pearl Continental and City Campus of University of Azad Jammu & Kashmir, Muzaffarabad, AJ&K (Pakistan) as one component of research project assisted by Higher Education Commission (HEC). The conference rallied around national and international scholars to share their knowledge and experiences on the subject, and also on the related fields of divine economics.

Following themes have been covered during the conference sessions:

  • Integrating economics and religion for effective solutions of economic problems
  • Weakness in conventional economics and extensions through Economics of Religion
  • Faith patterns and Economic Agent performance
  • Divine Capital (human capital, religious capital, spiritual capital, moral capital and related infrastructure)
  • Measurement issues of Divine Capital[Global and regional surveys on spirituality, religiosity, values]
  • Sustainable Development (Divine Capital and contemporary challenges, governance, institutions, disaster economics, water and natural resource use, food security, environment under faith perspective)
  • Poverty (Time for sleep poverty, volunteering, home, religion and work; faith poverty)
  • Recent developments in Economics [Economics of Happiness (LSE), Brain-scan Economics (Yale), The Divine Capital Model 2012 (UAJK)]
  • Islamic Economics [Progress, theory, empirical works; Islamic Banking & Finance]
  • Economic System Comparisons [Inter-religions and intra religion socio-economic behaviors, comparison of Muslim economies with others; comparison of faith-based and secular economies]
  • Economics curriculum, training and research strategies for bridging the gap in conventional economics
  • Economics of the future [emerging global problems, opportunities, science & technology, religious prophecies about future, economic growth, convergence towards one system]
  • Regional Economics [Examples; Azad Kashmir Economy, Middle East Economy, Central Asian Countries etc.]


In last few years, Divine Economics research initiatives have enabled university of Azad Jammu and Kashmir and particularly Kashmir Institute of Economics to obtain best links with leading universities of the world. We have developed links with London School of Economics, Harvard University, Cambridge University, Princeton University and Washington University. The official is divine-economics.org