Why Islamic Institutions Function Best in The West
The gist of this paper is that the once superb Islamic institutions of the past nowadays function best in the West but stagnate in their very birthplace. I argue that this is because pre-conditions referred to in this paper are not available in the latter. Ever since the 1960s, too much hope has bee...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
İLKE İlim Kültür Eğitim Vakfı
2020-08-01
|
| Series: | Türkiye İslam İktisadı Dergisi |
| Subjects: | |
| Online Access: | https://tujise.org/content/6-issues/14-7-2/a146/7_2_-23-37.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1841561367281139712 |
|---|---|
| author | Murat Çizakça |
| author_facet | Murat Çizakça |
| author_sort | Murat Çizakça |
| collection | DOAJ |
| description | The gist of this paper is that the once superb Islamic institutions of the past nowadays function best in the West but stagnate in their very birthplace. I argue that this is because pre-conditions referred to in this paper are not available in the latter. Ever since the 1960s, too much hope has been placed on Islamic finance with hardly any attention been paid to these pre-conditions. Unless this emphasis is radically altered, Islamic finance, no matter how well designed, would have only a marginal impact on the sustained economic growth of Islamic countries. |
| format | Article |
| id | doaj-art-ebf28f1b095948d18b1e5a802242fa56 |
| institution | Kabale University |
| issn | 2148-3809 |
| language | English |
| publishDate | 2020-08-01 |
| publisher | İLKE İlim Kültür Eğitim Vakfı |
| record_format | Article |
| series | Türkiye İslam İktisadı Dergisi |
| spelling | doaj-art-ebf28f1b095948d18b1e5a802242fa562025-01-03T01:44:10ZengİLKE İlim Kültür Eğitim VakfıTürkiye İslam İktisadı Dergisi2148-38092020-08-0172173110.26414/A146Why Islamic Institutions Function Best in The WestMurat Çizakça0https://orcid.org/0000-0003-2169-506XKTO Karatay UniversityThe gist of this paper is that the once superb Islamic institutions of the past nowadays function best in the West but stagnate in their very birthplace. I argue that this is because pre-conditions referred to in this paper are not available in the latter. Ever since the 1960s, too much hope has been placed on Islamic finance with hardly any attention been paid to these pre-conditions. Unless this emphasis is radically altered, Islamic finance, no matter how well designed, would have only a marginal impact on the sustained economic growth of Islamic countries.https://tujise.org/content/6-issues/14-7-2/a146/7_2_-23-37.pdfwaqfsuniversitiessustained economic growthislamic banksparliamentary democracyfreedom of thought and its expression |
| spellingShingle | Murat Çizakça Why Islamic Institutions Function Best in The West Türkiye İslam İktisadı Dergisi waqfs universities sustained economic growth islamic banks parliamentary democracy freedom of thought and its expression |
| title | Why Islamic Institutions Function Best in The West |
| title_full | Why Islamic Institutions Function Best in The West |
| title_fullStr | Why Islamic Institutions Function Best in The West |
| title_full_unstemmed | Why Islamic Institutions Function Best in The West |
| title_short | Why Islamic Institutions Function Best in The West |
| title_sort | why islamic institutions function best in the west |
| topic | waqfs universities sustained economic growth islamic banks parliamentary democracy freedom of thought and its expression |
| url | https://tujise.org/content/6-issues/14-7-2/a146/7_2_-23-37.pdf |
| work_keys_str_mv | AT muratcizakca whyislamicinstitutionsfunctionbestinthewest |