Islam and the Economic Development of Southeast Asia The Muslim Private Sector in Southeast Asia

• Other Authors: Mohamed Ariff 1940- (Editor)
• Format: Book
• Language: English
• Published: Singapore Institute of Southeast Asian Studies ©1991
• Subjects: Islam > Asia, Southeastern; Economic development > Religious aspects > Islam > Asia, Southeastern; Muslims > Economic aspects > Asia, Southeastern
• Online Access: Click Here to View Status and Holdings.
• Physical Description: xii, 257 pages 23 cm
• Bibliography: Includes bibliographical references
• ISBN: 9813016094

The Islamic economic system places a high premium on human initiative in a manner consonant with the tenets of Islam. The Islamic perspective of the private sector is an interesting one; while the acquisition of wealth through legitimate means is permitted, there is the need to drive a middle course between profit maximization, and social and religious responsibility. In Islamic states, the private sector generally operates in ways consonant with Islam. In the non-Islamic states of Southeast Asia where there are, nevertheless, large Muslim communities, the Islamic private sector functions in a larger economic context which is not based on Islamic economic principles. In this volume, case studies from Indonesia, Malaysia, the Philippines, Singapore, and Thailand provide valuable insights not only into ways in which Southeast Asian Muslims attempt to resolve conflicts between Islamic economic theory and practice, but also into the socio-economic structures of Muslim communities in the region.