Islam and Economic Development
The Western concept of development is narrow and is focused on the material aspect of life. The, Islamic concept of development takes into account the entire human life and the development of potential human faculties. The economic aspect is but a single dimension. Muslims should try to see the hidden assumptions in the Western economic theory of development. It is satisfactory to note that Western economists are also realising the need to take into account societal values. A scholarly paper. For Muslim economists. Based on primary sources. Documented.