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A Model for Islamic Development

An Approach in Islamic Moral Economy

Shafiullah Jan and Mehmet Asutay

This book aims to explore and analyse Islamic Moral Economy (IME) as an alternative economic and social system to capitalism and socialism. It proposes a new model of Islamic development, integrating global development within an Islamic framework of spiritual development. It is argued that the failure of Muslim countries to provide basic necessities and an environment free of oppression and injustice can be overcome with this authentic Islamic development framework. In addition, this book can be an important study to identify the theological, political, social and economic boundaries for changing the society to produce IME oriented developmentalism.
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Chapter 2: Critical reflections on development in the Muslim world

Shafiullah Jan and Mehmet Asutay


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.

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