Jump to ContentJump to Main Navigation
Making Globalization GoodThe Moral Challenges of Global Capitalism$
Users without a subscription are not able to see the full content.

John Dunning

Print publication date: 2003

Print ISBN-13: 9780199257010

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199257019.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 13 December 2019

The Challenge of Global Capitalism: An Islamic Perspective

The Challenge of Global Capitalism: An Islamic Perspective

Chapter:
(p.181) 8 The Challenge of Global Capitalism: An Islamic Perspective
Source:
Making Globalization Good
Author(s):

Khurshid Ahmad

Publisher:
Oxford University Press
DOI:10.1093/0199257019.003.0009

Khurshid Ahmad takes a critical view of the endemic qualities of global capitalism, which, he argues, even if it were to become more socially responsible and inclusive, would not be comfortably embraced by the Muslim world, because of its underpinning moral ethos and hegemonic character. He explains that this is partly because it contains and expresses values and behavioural norms that are specific to its historical and cultural context, and partly because it does not sufficiently endorse the ethical virtues the Islamic religion believes are essential to the well‐being of mankind. In this context, Ahmad gives an outline of the Islamic approach to economics. He submits that the global economy and society are too fractured and lacking in homogeneity to admit any one model of wealth creation and distribution. However, he believes that, with tolerance and understanding, it is possible for Western and Islamic‐style economic systems to exist side by side, with each retaining its own unique characteristics, so that the global society would be a matrix in which different cultures and systems can coexist.

Keywords:   capitalism, economic systems, ethics, global capitalism, global society, Islam, Islamic economics, morality, Muslims, values, virtues, Western economics

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .