The System of the Political Economy of the Islamic State
European Journal of Social Sciences, Volume 16, Number 3 (2010)
11 Pages Posted: 4 Aug 2012
Date Written: 2010
It is a fundamental belief of Muslims that, besides being a religion in the sense of a belief system, Islam is a way of life. It has its own political theory economic principals, and a well defined code of individual behavior in the society. Our problem here is to examine the broad principles of the system of political economy which may be regarded as appropriate for an Islamic state. We would conduct our study in a comparative fashion. Capitalism and socialism will be used to compare and construct the Islamic political economy. For illustrative purposes, we will draw upon the historical experience of Pakistan.
Keywords: Political Economy, Islamic State
JEL Classification: P48, P59
Suggested Citation: Suggested Citation