Tag Archives: Development Economics

Labor Productivity and Technical Progress in Islamic Economic Framework

Salman Ahmed Shaikh Most developing countries have lower labor productivity. Some of the reasons why people are not able to increase their productivity include: lack of education and hence lack of employable skills, poor health and malnutrition. Islam has made … Continue reading

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , , | Leave a comment

Islamic Perspective on Gender Issues and Development

Salman Ahmed Shaikh Institution of family is highly respected in Islam. Women are indispensable part of this institution. As per Islamic worldview, mental and physical capabilities that we enjoy are the blessings of Allah and we hold them as a … Continue reading

Rate this:

Posted in Socio-Political Issues | Tagged , , , , , , , | 2 Comments

Is Islam the Cause of Underdevelopment

Salman Ahmed Shaikh It is observed that many of the developing countries are countries with Muslim majority population. In fact, if we flip this, almost every country with Muslim majority population seems to be underdeveloped. Is this a coincidence or … Continue reading

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , | 6 Comments

Resource Economics: Islamic Perspective

Salman Ahmed Shaikh In economics, the four broad categories of resources include land, labor, capital and entrepreneurial ability. It is the entrepreneurial ability which helps in capital formation with improvement in quality and quantity of capital which in turn also … Continue reading

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , , | 5 Comments

Negative Effects of Interest Based Loans on Development

Salman Ahmed Shaikh Most developing countries are going through a perpetual debt trap which takes away resources that could have been used on development, but instead are used to service compounded debt. Continent of Africa seems to be most affected … Continue reading

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , , | 2 Comments

Islamic Economics and Consumer Behavior

Salman Ahmed Shaikh Purpose behind human existence is one the basic questions in philosophy. Centuries ago, pioneer philosophers used to study and discuss ‘why we exist’, but after renaissance in Europe and revolt against Church, social philosophers came to the … Continue reading

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , , , , , , | 5 Comments

Achieving Market-Led Growth in Islamic Economic Framework

Salman Ahmed Shaikh Islmic economic framework does not argue for a state-led or state-run economy. In fact, Islamic economic principles are very much open and favorable towards market based economy. By enabling market economy to run competitively, an Islamic economy … Continue reading

Rate this:

Posted in Articles on Islamic Economics | Tagged , , , , , , , | 11 Comments