Reflections on the Origins in the Post-COVID-19 World

Corona Virus has affected millions of people and killed hundreds and thousands of people already in more than 200 countries and territories of the world. Almost all routines of life have been affected. Our tremendous journey in scientific, technological, industrial and economic advances has come to a pause for a while in the last few months. As we ponder over origin of Corona Virus, it is high time to also reflect and think over origin of everything. This short book engages and invites readers to together seek answers from science, philosophy, and spirituality.

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Islamic Banking and Conventional Banking During COVID-19 Crisis

If the virus had been growing at a linear rate, it would not have been that much dangerous. It is the exponential increase in the Corona Virus spread which makes it become uncontrollable and create havoc in the society. Compound interest in the financial system is such a Corona Virus. Interest accrued but unpaid increases interest in the future periods ahead at an exponential rate.

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Origin of Corona Virus and Origin of Everything

In the Godless worldview, the battle of survival ends with destruction eventually for Corona Virus, bacteria, unicellular organisms, animals and humans the same way. Humans having consciousness and conscience may define their personal meaning of life by themselves as to how best to spend few million breaths under the sun in maximizing self-pleasure. But, the life ends without due justice for many people who are killed, robbed and discriminated against and it ends without due punishment for many people who cause these crimes. Some are lucky and some are unlucky in the mortal game of survival of the fittest.

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Reflections on the Outbreak and Effects of Corona Virus

Reflections on the Origins in the Post COVID-19 World

The doctors and nurses who have risked their lives to treat patients have defied these explanations and proved that altruism can be genuine. The idea of selfish self-interest needs revision. John Nash gave the idea that everybody does what’s best for him and the group. Referring to humans as a group, Dawkins think that Selfish Gene has no inherent morals and only has survival instincts. Morality is then just an instrument to achieve survival of the fittest.

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Significance of Recycling for Environmental Sustainability

In the Islamic framework, there is an emphasis on conservation, preservation and responsible use of resources. There is a discouragement for excessiveness, extravagance, lavishness and wastefulness in the use of resources. These norms are especially needed in the present times to foster a healthy, livable and sustainable ecosystem. In 2019 alone, humans have used up resources for the whole year within 7 months according to World Economic Forum.

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Islamic View on Scarcity of Resources

Socialists claim that economic problems arise from the extraction of surplus value by the Capitalists in the production process. On the other hand, Capitalists urge that scarcity of resources is the basic economic problem which restricts output growth because wants are innumerable, but the resources for satisfying those wants are limited. Nonetheless, the empirical evidence does not support that resources are scarce for legitimate and compulsory economic needs.

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Methodological Framework for Studying Consumption in Islamic Economics

There is considerable debate in Islamic economics literature on what shall be the correct response and attitude towards mainstream economics methodology. There are three varied responses among Islamic economists regarding the issue. The first response is to use the methodology of mainstream economics in Islamic economics as is. The second response is to modify it according to the needs and the context of Islamic framework. The third response is to discard it altogether and devise a new methodological framework from scratch.

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