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Islam and the Moral Economy: The Challenge of Capitalism

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How do modern Muslims adapt their traditions to engage with today's world? Charles Tripp's erudite and incisive book considers one of the most significant challenges faced by Muslims over the last sixty years: the challenge of capitalism. By reference to the works of noted Muslim scholars, the author shows how, faced by this challenge, these intellectuals devised a range o How do modern Muslims adapt their traditions to engage with today's world? Charles Tripp's erudite and incisive book considers one of the most significant challenges faced by Muslims over the last sixty years: the challenge of capitalism. By reference to the works of noted Muslim scholars, the author shows how, faced by this challenge, these intellectuals devised a range of strategies which have enabled Muslims to remain true to their faith, whilst engaging effectively with a world not of their own making. The work is framed around the development of their ideas on Islamic socialism, economics and the rationale for Islamic banking. While some Muslims have resorted to confrontation or insularity to cope with the challenges of modernity, most have aspired to innovation and ingenuity in the search for compromise and interaction with global capitalism in the twenty-first century.


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How do modern Muslims adapt their traditions to engage with today's world? Charles Tripp's erudite and incisive book considers one of the most significant challenges faced by Muslims over the last sixty years: the challenge of capitalism. By reference to the works of noted Muslim scholars, the author shows how, faced by this challenge, these intellectuals devised a range o How do modern Muslims adapt their traditions to engage with today's world? Charles Tripp's erudite and incisive book considers one of the most significant challenges faced by Muslims over the last sixty years: the challenge of capitalism. By reference to the works of noted Muslim scholars, the author shows how, faced by this challenge, these intellectuals devised a range of strategies which have enabled Muslims to remain true to their faith, whilst engaging effectively with a world not of their own making. The work is framed around the development of their ideas on Islamic socialism, economics and the rationale for Islamic banking. While some Muslims have resorted to confrontation or insularity to cope with the challenges of modernity, most have aspired to innovation and ingenuity in the search for compromise and interaction with global capitalism in the twenty-first century.

30 review for Islam and the Moral Economy: The Challenge of Capitalism

  1. 4 out of 5

    Tariq Mahmood

    How has the Islamic world responded to capitalism as a social and economic phenomenon of the modern world? Is there any example of a contemporary Muslim country that is truly capitalist? I dont think there is. Turkey, for example, found out soon enough that merely adopting western armaments was not enough to stop the western encroachments, there had to be a cultural shift towards the west as well. The Mulsim leadership overlooked the fact that the copying specific Western developments like their How has the Islamic world responded to capitalism as a social and economic phenomenon of the modern world? Is there any example of a contemporary Muslim country that is truly capitalist? I dont think there is. Turkey, for example, found out soon enough that merely adopting western armaments was not enough to stop the western encroachments, there had to be a cultural shift towards the west as well. The Mulsim leadership overlooked the fact that the copying specific Western developments like their economy and defense technology would come at a cost of the moral decay of traditional Islamic societal values. They, therefore, should have invested in educating humanities, instead of only sciences. This gap was filled (and is still the case) by morality movements like Wahabism and Salafism. The prevalence of zakat in the Islamic societies of today proves that Muslims have not accepted the norms of Western culture completely, why do we have to pay zakat when complying with our taxes in a social state like Britain for instance?

  2. 5 out of 5

    Kim Shively

    Tripp provides a very useful overview of (mostly) Arabic literature on the moral anxieties and legal debates produced by the intrusion of market capitalism into Muslim lands. This is a complex question, as capitalism is seen by many Muslims both as an imposition by Westerners and a method of exploitation that have turned Muslims into victims, or into morally bankrupt co-perpetrators. Trying to moralize capitalism, rather than reject it, has been a difficult and not entirely successful endeavor, Tripp provides a very useful overview of (mostly) Arabic literature on the moral anxieties and legal debates produced by the intrusion of market capitalism into Muslim lands. This is a complex question, as capitalism is seen by many Muslims both as an imposition by Westerners and a method of exploitation that have turned Muslims into victims, or into morally bankrupt co-perpetrators. Trying to moralize capitalism, rather than reject it, has been a difficult and not entirely successful endeavor, as Tripp makes clear.

  3. 5 out of 5

    عبدالرحمن الشيمي

    ١. الكتاب فيه تحقيب جيد لأهم الأفكار والمفكرين وتحليل جيد لكل حقبة ٢. يعيبه ما يعيب المفكرين الغربيين المعاصرين تأثرهم بالنسبوية والمبالغة في أثر البيئة على الفكر ٣. أضعف فصوله ما يتعلق بالمرأة حيث جاءت فيه الأفكار غير واضحة غير ذلك الكتاب ممتاز وأنصح به

  4. 5 out of 5

    Nayyer Rahman

    It's a book that captures the development is the Islamic world of economics but is not restricted to economics. This is important for the muslim as well as non-muslim audience. It's a book that captures the development is the Islamic world of economics but is not restricted to economics. This is important for the muslim as well as non-muslim audience.

  5. 4 out of 5

    Ann

    More political economy of than economics, but in this case, there's more to the political economy. I like the sense of "economic citizenship." More political economy of than economics, but in this case, there's more to the political economy. I like the sense of "economic citizenship."

  6. 4 out of 5

    Joel Trono-Doerksen

  7. 4 out of 5

    Omnia Ahmed

  8. 5 out of 5

    Azzam To'meh

  9. 4 out of 5

    Hanna

  10. 5 out of 5

    Oscar B.

  11. 5 out of 5

    Jonathan

  12. 4 out of 5

    Omar Abdelrahman

  13. 4 out of 5

    Paul

  14. 4 out of 5

    Mohammed

  15. 5 out of 5

    Muhammad Abdullah

  16. 4 out of 5

    space

  17. 4 out of 5

    Charles

  18. 4 out of 5

    Waseem Naser

  19. 5 out of 5

    محمد عبد الرءوف

  20. 4 out of 5

    Janine Renee

  21. 5 out of 5

    Kate

  22. 4 out of 5

    Jessica

  23. 5 out of 5

    Martin

  24. 5 out of 5

    Mostafa Orabyvić

  25. 4 out of 5

    Mohamed

  26. 4 out of 5

    Meaningless

  27. 5 out of 5

    Sarah

  28. 4 out of 5

    Emad Zahran

  29. 4 out of 5

    Parker Howes

  30. 4 out of 5

    Karin_yo21

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