The missing of moral entity in modern civilization: Economic aspect and the Muslim's economic struggle

Mashitoh Yacoob, Zakaria Stapa, Ahmad Munawar Ismail

Research output: Research - peer-reviewArticle

Abstract

The economic struggle of Muslims withinmodern civilization inclusive the economic aspect, i.e., the Capitalist Economic System. Although since the great depression in the 1930s, pure Capitalist Economic System is no more practiced by many countries but even modified capitalism is unable to restore a sufficient natural need of moral entity in the economic system, hence the struggle of Muslims that centered on the missing of moral entity in the global economic system. Thus, the focus of this study is on the missing of two moral entities in Capitalist Economic System namely: Filter mechanism to harmonize individual self-interest and social interest and moral market economy. The missing of these moral entities in the Capitalist Economic System required an investigation of moral entity in an alternative economic system. Thus, it is important to look into what the Islamic Economic System have to offer and how Muslims struggle to live economically true to Islamic teachings in the midst of Capitalist Economic System that dominates world economy.

LanguageEnglish
Pages194-204
Number of pages11
JournalInternational Business Management
Volume6
Issue number2
DOIs
StatePublished - 2012

Fingerprint

Civilization
Muslims
Economic systems
Economics
Filter
Capitalism
Great Depression
World economy
Market economy

Keywords

  • Capitalist economic system
  • Economic aspect
  • Islamic economic system
  • Modern civilization
  • Moral entity
  • Muslim's economic struggle

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management

Cite this

The missing of moral entity in modern civilization : Economic aspect and the Muslim's economic struggle. / Yacoob, Mashitoh; Stapa, Zakaria; Ismail, Ahmad Munawar.

In: International Business Management, Vol. 6, No. 2, 2012, p. 194-204.

Research output: Research - peer-reviewArticle

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