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Western intellectual insights for Muslim policy makers on religion based economy

Malik, Mohammad Manzoor (2015) Western intellectual insights for Muslim policy makers on religion based economy. International Journal of Social Science and Humanity (IJSSH), 5 (10). pp. 879-886. ISSN 2010-3646

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The subject of relationship between religion and economy raises many issues. It touches the originality of religion and economy and their nature of relationship including their independence and dependence. Western scholarship on the subject has useful insights for the Muslim policy makers on religion based economy. This research undertakes Marx and Weber’s thought on the subject and relates the issue with the current reality in industrialized countries such as Singapore. The findings show that Marx is a reductionist and Weber’s thesis highlights the independent role of religion in fostering economy although he remains pessimistic regarding its religiosity. The more plausible view is that though religion is an independent variable, yet there is interdependence between religion and economy. The economical modalities influence religious life in many ways. This challenge calls Muslim policy makers for a continuous intellectual effort in making creative contributions in making religion based economy possible

Item Type: Article (Journal)
Additional Information: 6595/38096
Uncontrolled Keywords: Economy, religion, Islam, Marx, Weber, Singapore.
Subjects: B Philosophy. Psychology. Religion > B Philosophy (General) > B69 History and systems
B Philosophy. Psychology. Religion > BR Christianity
B Philosophy. Psychology. Religion > BX Christian Denominations
H Social Sciences > HF Commerce
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of General Studies
Depositing User: Dr. Mohamamd Manzoor Malik
Date Deposited: 09 Sep 2014 10:15
Last Modified: 08 Nov 2016 11:17
URI: http://irep.iium.edu.my/id/eprint/38096

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