A Model for Islamic Development (Hardcover)

Shafiullah Jan

ISBN 10: 1788116720 / ISBN 13: 9781788116725

Published by Edward Elgar Publishing Ltd, Cheltenham, 2019

About this Item

Hardcover. This book explores and analyses economic development within Islamic Moral Economy (IME), which is proposed as an alternative economic and social system to capitalism and socialism. It presents a new model of Islamic development based on the substantive morality of Islam via micro dynamics expressed through an Islamic framework of spiritual development. Shafiullah Jan and Mehmet Asutay argue that the observed development failures of Muslim countries to provide basic necessities and an environment free of oppression and injustice can be overcome with an authentic Islamic development framework and its corresponding value system explored in the book, rather than the existing Eurocentric theory and policy making. In addition, it identifies the theological, political, social and economic boundaries for changing society to produce IME oriented development. Utilising a novel approach to development in Islam, through its substantive ethical and moral framework, the authors critically examine and evaluate the progress of Islamic banking and finance institutions in relation to its aspirations as identified by IME. Advanced Islamic economics and finance scholars will find this a useful source as it explores the intersection between Islamic development and the moral economy. The book will also be a valuable reference for those seeking to align public policies with ethical and moral Islamic frameworks. This book explores and analyses economic development within Islamic Moral Economy (IME), which is proposed as an alternative economic and social system to capitalism and socialism. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Seller Inventory # 9781788116725

Bibliographic Details

• Title: A Model for Islamic Development (Hardcover)
• Publisher: Edward Elgar Publishing Ltd, Cheltenham
• Publication Date: 2019
• Language: English
• ISBN 10: 1788116720
• ISBN 13: 9781788116725
• Binding: Hardcover
• Condition: new

About this title

Synopsis

This book explores and analyses economic development within Islamic Moral Economy (IME), which is proposed as an alternative economic and social system to capitalism and socialism. It presents a new model of Islamic development based on the substantive morality of Islam via micro dynamics expressed through an Islamic framework of spiritual development.

Shafiullah Jan and Mehmet Asutay argue that the observed development failures of Muslim countries to provide basic necessities and an environment free of oppression and injustice can be overcome with an authentic Islamic development framework and its corresponding value system explored in the book, rather than the existing Eurocentric theory and policy making. In addition, it identifies the theological, political, social and economic boundaries for changing society to produce IME oriented development. Utilising a novel approach to development in Islam, through its substantive ethical and moral framework, the authors critically examine and evaluate the progress of Islamic banking and finance institutions in relation to its aspirations as identified by IME.

Advanced Islamic economics and finance scholars will find this a useful source as it explores the intersection between Islamic development and the moral economy. The book will also be a valuable reference for those seeking to align public policies with ethical and moral Islamic frameworks.

About the Author

Shafiullah Jan, Assistant Professor, Institute of Management Sciences and Centre of Excellence in Islamic Finance, Peshawar, Pakistan and Mehmet Asutay, Chair in Middle Eastern and Islamic Political Economy and Finance and Director, Durham Centre for Islamic Economics and Finance, Durham University Business School, UK