Islam and the Moral Economy: The Challenge of Capitalism

by Charles Tripp

• ISBN13: 9780521863773
• ISBN10: 0521863775
• Edition: 1st
• Format: Hardcover
• Copyright: 2006-08-28
• Publisher: Cambridge University Press

Summary

How do modern Muslims adapt their traditions to engage with today's worldCharles Tripp's erudite and incisive book considers one of the most significant challenges faced by Muslims over the last sixty years: the challenge of capitalism. By reference to the works of noted Muslim scholars, the author shows how, faced by this challenge, these intellectuals devised a range of strategies which have enabled Muslims to remain true to their faith, whilst engaging effectively with a world not of their own making. The work is framed around the development of their ideas on Islamic socialism, economics and the rationale for Islamic banking. While some Muslims have resorted to confrontation or insularity to cope with the challenges of modernity, most have aspired to innovation and ingenuity in the search for compromise and interaction with global capitalism in the twenty-first century.

Table of Contents

Acknowledgements	viii
Glossary	ix
Introduction	1	(12)
The `social problem'	13	(33)
Discovering society	15	(7)
Property and social power	22	(10)
Education to restore the moral economy	32	(14)
Islamic social critics	46	(31)
Social solidarity	51	(5)
Property and its social function	56	(8)
The problem of money	64	(4)
Maslahah -- society's interests	68	(9)
Islamic socialism	77	(26)
Islamic socialism and state development	80	(12)
Social harmony and the moral economy	92	(5)
Identifying Islamic sociability	97	(6)
Islamic economics and Islamic banks	103	(47)
Economics and Islamic economics	105	(8)
Development and efficiency	113	(6)
Social welfare and individual interest	119	(5)
Zakat and riba: instruments of the moral economy	124	(9)
Islamic banks: the argument for Islamic agency	133	(17)
Repertoires of resistance: Islamic anti-capitalism	150	(44)
Sayyid Qutb and Ali Shari'ati: the power of subjectivity	152	(15)
The `guarded sphere': gender and action	167	(13)
Violence and meaning	180	(14)
Conclusion	194	(8)
Bibliography	202	(23)
Index	225