Islam And Development Revisited With Evidences From Malaysia

This study examines the relationship between Islam and development. While examining the theoretical underpinnings behind the goals of development within secular and Islamic worldviews it highlights the misconceptions developed by Western scholars pertaining to compatibility between Islam and development. The focus of this study is to test the relevance of policy practices and institutions to the distribution phase rather than the allocation and production phase. In pursuit of macroeconomic goals the core Islamic values such as development based on justice and compassion, tolerance, sharing and caring, cooperation and peaceful coexistence with others irrespective of belief systems are important. The micro level evidences are also presented to support our observations on the compatibility between Islam and development.