Islamic Social Contract on Finance for Muslim Minorities 1 Islamic Social Contract on Finance for Muslim Minorities Dr. Mohammad Manzoor Malik Introduction In my earlier published article “What Muslim Minorities Should do in Absence of Islamic Banking and Finance?” I made a conclusion that for the economic development of Muslim minorities “the option which remains before Muslim minorities before states will make Islamic banking and finance a reality is to find a way within the given legal-financial framework with the spirit of religious values and ethics”. Any effort by Muslim minorities to enhance their economic condition and moving towards progress should be based on a social contract. When regulations and laws are not by their letter Islamic in their nature then only upholding an Islamic social contract on finance could help Muslim minorities to provide a solid base, confidence, trust, and foundation for their economic and business initiatives including investment and finance. The whole economic activity is actually investment and finance and it has to be based on such a special social contract. Islamic Social Contract for Investment and Finance Islamic business ethics is a vast and expanding subject as the current forms of economical activities are being discussed and, at the same time, new forms of businesses and modes of investment and finance are emerging day by day. Demanding a religious social structure or institutions becomes meaningless and failure for those who do not have or could not keep the appropriate religiosity in their lives and character. That is why a legal mechanism becomes necessary to