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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 [87] and believed that it logically followed that Islam must have an economic system, unique from and superior to non-Islamic economic systems.
In "Iran", the nature of "Islamic economy" has been widely disputed by "Iranians" has taken and for example, one view of the Islamic economic system was considered a "socialist economy" and they accepted it., [100] [101] But on the other hand, there have been Muslims or other Muslim groups who have taken a strong stance against socialism. In ...
Islamic capitalism was active during the Islamic Golden Age and Arab Agricultural Revolution, where an early market economy and form of merchant capitalism took root between the 8th–12th centuries. A vigorous monetary economy was based on a widely-circulated currency (the dinar ) and the integration of monetary areas that were previously ...
The economics of religion concerns both the application of the techniques of economics to the study of religion and the relationship between economic and religious behaviours. [ 1 ] [ 2 ] Contemporary writers on the subject trace it back to Adam Smith (1776).
Islam [a] is an Abrahamic monotheistic religion centered on the Quran and the teachings of Muhammad. [9] Adherents of Islam are called Muslims, who are estimated to number approximately 1.9 billion worldwide and are the world's second-largest religious population after Christians.
Martin Kramer was one of the first experts to start using the term political Islam in 1980. In 2003, he stated that political Islam can also be seen as tautology because nowhere in the Muslim world is a religion separated from politics. [5] [6] Some experts use terms like Islamism, pointing out the same set of occurrences or they confuse both ...
The diversity of Muslims in the United States is vast, and so is the breadth of the Muslim American experience. Relaying short anecdotes representative of their everyday lives, nine Muslim Americans demonstrate both the adversities and blessings of Muslim American life.
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.