Islam’s Gift: An Economy of Spiritual Development

Islamic economy is the best

Asad Zaman's avatarAn Islamic WorldView

[bit,do/ajes] My paper with the title was recently published in American Journal of Economics and Sociology, Vol 78, Issue 2, pp 443-492, March 2019.  A pre-print can be downloaded from: SSRN, Scribd, or OneDrive. More than a decade ago, I was motivated to write “Islamic Economics: A Survey of the Literature” by the realization that the vast majority of Islamic Economics was just an imitation of Western economics, and an attempt to fit as much of it as possible into an Islamic framework. My paper attempted to explain why this was so, and to recognize and highlight the unique insights which came from genuine Islamic perspectives on our economic affairs. My current paper “Islam’s Gift: An Economy of Spiritual Development” represents a culmination of the search for formulating a genuine Islamic alternative to Western economics. This paper explains how Islam teaches us…

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