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Islam and Human Development

Salman Ahmed Shaikh ()

MPRA Paper from University Library of Munich, Germany

Abstract: The paper aims to present the Islamic appraisal of established theories in academic literature of development economics, both in classical and neo-classical economics. The paper also explains the Islamic concept of human development and shows it to be more welfare maximizing to humans in their entire life span which includes afterlife. The paper extensively reviews the development literature in mainstream economics and Islamic economics. The paper also uses basic mathematical formulation to explain the concepts. The paper explains the Islamic concept of human development and shows it to be more welfare maximizing to humans and to society. It discusses how Islam is not the source of underdevelopment in Muslim countries and cites the external factors responsible for underdevelopment besides weak internal administration, commitment and management. The paper is one of the few attempts to cite and critically appraise specific development theories from Islamic perspective.

Keywords: Development Economics; Growth Economics; Economic Development; Poverty; Income Inequality; Income Distribution (search for similar items in EconPapers)
JEL-codes: I3 L38 O1 (search for similar items in EconPapers)
Date: 2014-01-01
New Economics Papers: this item is included in nep-ara, nep-hme and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:53800

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