Divine Economics is the study of economics and religion in each
other's perspective using scientific process. It is based on
beliefs that are common in divine religions (Islam, Judaism and
Christianity. The first formal model was developed by Prof. Dr.
Syed Nisar Hussain Hamdani who is a Professor of Economics and
Director Institute of Economics at University of AJ&K. The
detailed framework includes theoretical model, econometeric model,
empirical model, religiosity and spirituality scales, above 100
propositions out of which about 10% have been empirically tested
and some research works including 27 dissertations, above 07
articles published in economics journals, above 10 papers presented
in international and national conferences. The Divine Economics is
yet in the stage of development and according to its pioneer (Dr
Hamdani), it is a process involving multidisciplinary scholars for
decades to develop the Divine Economics.
