Islam et capitalisme reconsidérés
Much has changed in the Islamic world since Maxime Rodinson's pioneering book on "Islam and capitalism" appeared over 40 years ago. This article evaluates the more recent writings of Islamic economists on capitalism, especially those of Nejatullah Siddiqui, Umer Chapra, Syed Naqvi and...
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Contributors: | |
Format: | Print Article |
Language: | French |
Check availability: | HBZ Gateway |
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Fernleihe: | Fernleihe für die Fachinformationsdienste |
Published: |
Ed. ESKA
2006
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In: |
Maghreb, Machrek
Year: 2006, Issue: 187, Pages: 29-44 |
Further subjects: | B
Islam
B Credit system B Economic order B Islamic countries B Capitalism |
Summary: | Much has changed in the Islamic world since Maxime Rodinson's pioneering book on "Islam and capitalism" appeared over 40 years ago. This article evaluates the more recent writings of Islamic economists on capitalism, especially those of Nejatullah Siddiqui, Umer Chapra, Syed Naqvi and Muhammad Baqir Al-Sadr. While supporting the private ownership of property on which all capitalist systems are based, these authors are critical of an excessive stress in individual self interest and materialism in capitalist societies, and the lack of respect for community and spiritual values. There is also concern with the injustices involved in capitalist business structures. The successful experience of Islamic banks has demonstrated that there are viable shariah compatible alternatives. In order to ascertain whether a distinctive Islamic type of capitalism is emerging the recent experiences of Malaysia and the Gulf Co-operation Council (GCC) economies are examined. In Malaysia the growth of the Islamic finance industry has to be viewed in the context of a government policy of facilitating Muslim Malay economic empowerment. The GCC countries are home to the largest Islamic banks in the world, and some, notably Dubai, are becoming major hubs for capitalist enterprises, much of this being financed through shariah compliant methods. The defining characteristics of a distinctive Islamic mode of capitalism are becoming much clearer than when Rodinson wrote, with multinational businesses based in the Islamic world increasingly challenging those based in the West. (Maghreb-Machrek/GIGA) |
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ISSN: | 1762-3162 |
Contains: | In: Maghreb, Machrek
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