Iqtisad (Economics)

Promoted as an alternative to neoclassical economics, Marxism and other Western economic doctrines. Based on teachings of the Qur'an and Sunnah and aims to rediscover and revive the economic values, priorities and mores of the early Muslim community. The movement to establish Islamic economic doctrine was born in India in the decades preceding partition (1947) as part of a plan to establish a full range of distinctly Islamic disciplines. Its most prominent promoter was Sayyid Abu al-Ala Mawdudi. Major emphases are economic justice, the failures of existing economic systems and the need for an Islamic revival if Muslims are to recover the prosperity of the past.

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