Influence of Western Economic Thoughts on Islamic Civilization: A Research Study

Authors

  • Dr. Sadia Gulzar Assistant Professor, Institute of Islamic Studies, University of Punjab, Lahore, Pakistan.

DOI:

https://doi.org/10.36755/iqan723.2021

Keywords:

West, Islamic Civilization, Economic Influence, Mineral Resources, Development, International Agenda, Economic Powers

Abstract

In the contemporary world, Western civilization is emerging as the most dominating and influential civilization. It is also affecting other civilizations in several ways. One of the major reasons for its dominance is its financial strength and economic stability. Every economic agenda of the West has a particular purpose. For instance, the International Monetary Fund and World Bank are the products of Western civilization. They offer conditional financial support to the developing countries and thus weaken them financially. It is also included in the agenda of the West to access and occupy the mineral resources of Islamic countries. Contrary to this, Islam condemns exploitation and Islamic countries have no space for any such economic policy which may harm anyone. The growing tendency of international consumerism has also given rise to extravagance in Islamic societies. Similarly, the dominance of the materialistic West has also made the members of Islamic society materialistic in the sense that they no longer seem to be concerned with the financial conditions of their fellow Muslims. While Islam is a religion that makes its followers seek the welfare of each other.  The purpose of this research paper is to examine the effects of Western civilization on Islamic civilization. This research is a humble attempt to delve into the issue and identify ways and means to restore the lost place of Islamic civilization in the modern world. The research paper follows content analysis.

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Published

2021-06-28

How to Cite

Gulzar, D. S. (2021). Influence of Western Economic Thoughts on Islamic Civilization: A Research Study. ĪQĀN, 3(02), 115–132. https://doi.org/10.36755/iqan723.2021

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Section

Articles