Table of Contents

Handbook on Islam and Economic Life

Handbook on Islam and Economic Life

Edited by M. Kabir Hassan and Mervyn K. Lewis

Handbook on Islam and Economic Life is a unique study, one of the first of its kind to consider Islam within a broader economic sphere. Covering a wide breadth of topics and research, it explores how Islam impinges upon and seeks to shape major aspects of economic life including economic organisation, business and management, finance and investment, charity, mutuality and self-help, and government. It concludes by analysing the link between religion and development, the present economic situation in Arab countries and the causes of underdevelopment in Muslim countries.

Chapter 25: The economic role of the state in Islam

Murat Çizakça

Subjects: asian studies, asian economics, economics and finance, asian economics, islamic economics and finance


The economic role of the state in Islam is a topic that has interested many Islamic economists. Their general approach has been to examine the verses of the Qur’an as well as the ahadith and the sunnah of the Prophet and then deduce from these how an ideal Islamic economy should function today. This approach can be summarized as ‘what the economic role of the state in Islam should be’. As an economic historian, I take a different approach, which can be summarized as: ‘how it actually has been’. That is to say, I will start, briefly, with the question of what this role should be according to the Qur’an and sunnah, but then I will focus primarily on what this role has actually been in history. In the process, the degree to which actual practice has diverged from the theoretical ideal will be of particular interest. This is followed by another question: ‘with what consequences?’ Finally there is a third question: ‘how can we improve the economic role of the state in a contemporary Islamic country?’ This last question catapults us from the past towards the future. Obviously this is a huge topic, and only the main points can be explored within the limitations of a chapter.

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