1st Edition

Islamic Economics, Growth and Development

Edited By Mustafa Metin Başbay Copyright 2026
246 Pages 32 B/W Illustrations
by Routledge

246 Pages 32 B/W Illustrations
by Routledge

The study of economic development is inherently grounded in philosophical and ethical assumptions. In other words, to discuss economic development either at a conceptual level or as a real process necessitates an ethical and philosophical basis. The authors of this book believe that Islamic economics can serve as such a basis, one that emanates from Islamic principles and values. This book... Read more

List of Figures

List of Tables

List of Contributors

Preface

Acknowledgements

PART I Institutions and Theoretical Framework

1 Islamic Economics and Economic Development: A Reflection

MUSTAFA METIN BAŞBAY

2 Rethinking Global Development Policies: An Islamic Economics Approach

ISA YILMAZ AND ERHAN AKKAS

3 Islamic Universal Politico-Economic Institutional Transmission Mechanisms for Global Sustainable Development

MUHAMMAD IQBAL ANJUM

4 Achieving Economic Development through Institutionalisation of Zakat and Waqf in Contemporary Economies

SALMAN AHMED SHAIKH

PART II Policies and Governance Mechanisms

5 Intergenerational Poverty in Developing Countries: A Critical Review Followed by a Two-Stage Firoza Model

RAHNUMA SIDDIKA AND SIBBIR AHMAD

6 Financial Innovation, Economic Development, and Islamic Principles

MURAT A. YÜLEK AND RUHŞEN TÜZÜN YÜLEK

7 After the COVID-19 Outbreak, Is Islamic Finance a Cure for Global Economic Disruptions?

JAMILA ABUBAKAR, BASHAYER MERDEF H. A. AL QASHOUTI, AHMET F. AYSAN AND IBRAHIM MUSA UNAL

8 Between Esham and Cash Waqf Linked Sukuk to Fiscal and Development Sustainability: Comparative Analysis

KHAIRUNNISA MUSARI

9 The Role of Infaq Institution on Income Inequality: A Model Proposal for Turkey to Alleviate Income Inequality

HUSNU TEKIN

PART III Empirical Work

10 State, Conflict, and Development: An Institutional Perspective on the Developmental Experience of Muslim Majority Kashmir

MUJEEB HUSSAIN GATTOO AND MUNEEB HUSSAIN GATTOO

11 An Empirical Work on the Relationship between Zakat and Development

NASIM SHAH SHIRAZI AND TOSEEF AZID

12 Determinants of Inclusive Growth in Islamic Countries: An Empirical Approach

AMIN MOHSENI-CHERAGHLOU

13 Islamic Social Finance and Sustainable Finance: A Survey on Literacy among Scholars and Students

TASLIMA JULIA

Index

Biography

Mustafa Metin Başbay, Ph.D., is an Assistant Professor in the Department of Economics, Boğaziçi University, Istanbul, Turkey.