An Approach in Islamic Moral Economy
This chapter presents a survey on Islam and development, and critical reflections on development in Muslim world. The extent of underdevelopment in the Muslim world is shown using a number of indices. Most of the Muslim populated countries around the globe are struggling to meet the basic needs of the people. This prompted many Western scholars to blame Islam as one of the reasons for underdevelopment in these countries. It is argued here that Islam has always promoted economic activity, and trade is considered a superior way of earning one’s livelihood. Furthermore, the concept of development in Islam is a multidimensional process, which optimizes human well-being in all dimensions including the hereafter. Makki and madina models are presented as one of the approaches to development in Islam.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.