Economics and Business

Economic Development in Islam

All nations irrespective of their ideological leanings strive to achieve for their people a reasonable measure of economic and social well-being consistent with their national aspirations. Muslim countries, in particular, need to do so with a sense of urgency and conviction. After having been systematically eclipsed from the forefront of politico-economic power and glory for centuries, they now find themselves riding the tide of Islamic resurgence in thought, word and action. In this context, it is important to clarify the concept of economic development from an Islamic perspective.

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