Islamic Theories of Social-Economic Development in the Muslim World: Similarities and Difficulties
Abstract
The paper covers the theories of development in the Muslim world fl ourished from the second half of XX century to the beginning of XXI century. The author analyzes the role of Islamic principles in the economic reforms in Muslim countries. The Islamic economic model is considered only as one possible application of Islamic principles in carrying out economic activities.
Keywords:
Islamic economy, Tawhid economy, Arabic socialism, Islamic socialism, «Third international theory», gold dinar, zakah, riba
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.