Professor Muhammed Ebrahim m.s.ebrahim@durham.ac.uk
Professor
This article studies the relation between Islam and economic development from a juridico-philosophical perspective. A fresh review of this issue is timely, because of the ongoing laggardness of Arab and Muslim economies due to decades of Pareto-inferior poverty traps. We disentangle the viewpoints on the Islamic-economic nexus and determine that the backwardness of Muslim countries’ economies is primarily due to the retrograde outlook of the jurists ( fuqahāʾ). Flawed jurisprudential reasoning is instrumental in the paucity of financial instruments, markets, and institutional development. We also scrutinise the jurists’ co-option by the ruling elite, which legitimises the elite’s autocracy. We conclude by recommending a salient strategy critical to fostering economic development and growth.
Ebrahim, M. S., & Sheikh, M. (2018). The Political Economy and Underdevelopment of the Muslim World: A Juridico-Philosophical Perspective. Arab Law Quarterly, 32(4), 385-412. https://doi.org/10.1163/15730255-12324051
Journal Article Type | Article |
---|---|
Acceptance Date | Mar 6, 2018 |
Publication Date | Mar 1, 2018 |
Deposit Date | Mar 7, 2018 |
Publicly Available Date | Nov 9, 2020 |
Journal | Arab Law Quarterly |
Print ISSN | 0268-0556 |
Electronic ISSN | 1573-0255 |
Publisher | Brill Academic Publishers |
Peer Reviewed | Peer Reviewed |
Volume | 32 |
Issue | 4 |
Pages | 385-412 |
DOI | https://doi.org/10.1163/15730255-12324051 |
Public URL | https://durham-repository.worktribe.com/output/1365560 |
Publisher URL | http://booksandjournals.brillonline.com/content/journals/15730255 |
Accepted Journal Article
(638 Kb)
PDF
Copyright Statement
© Koninklijke Brill NV, Leiden, 2018
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