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Islamic economics grew naturally from the Islamic revival and political Islam whose adherents considered Islam to be a complete system of life in all its aspects, rather than a spiritual formula [86] and believed that it logically followed that Islam must have an economic system, unique from and superior to non-Islamic economic systems.
Peaking whilst in the Middle Ages, the religion of Islam has a tenuous relationship with the idea of voluntary poverty. [3] While Sufism has encouraged the renunciation of material wealth, Sunni and Shi'ite scholars have traditionally held that self-denial is inconsistent with the Quran's admonition against those who would forbid the good that God has put in this world for his people to enjoy.
The Middle East-North Africa region hosts 23% of the world's Muslims, and Islam is the dominant religion in every country in the region [26] other than Israel. [ 12 ] The country with the single largest population of Muslims is Indonesia in Southeast Asia , which on its own hosts 13% of the world's Muslims. [ 27 ]
As of 2016, there were 1.7 billion Muslims, [10] [11] with one out of four people in the world being Muslim, [12] making Islam the second-largest religion. [13] Out of children born from 2010 to 2015, 31% were born to Muslims, [14] and currently Islam is the world's fastest-growing major religion. [15] [16] [17]
A recession means the UK economy has shrunk for two three-month periods - or quarters - in a row.
The religio-political ideology of Islamism (also often called political Islam or Islamic fundamentalism) [1] which has "arguably altered the Middle East more than any trend since the modern states gained independence", redefining "politics and even borders" (according to at least one observer (author Robin Wright), [2] is active in many countries around the world.
In the past few months, as the economic downturn has left millions out of work and millions more struggling to make ends meet, many have directed their spare time and unused talents toward helping ...
According to a study from 2015, Christians hold the largest amount of wealth (55% of the total world wealth), followed by Muslims (5.8%), Hindus (3.3%), and Jews (1.1%). According to the same study it was found that adherents under the classification "Irreligion", or other religions, hold about 34.8% of the total global wealth. [3] [4]