This book briefly surveys the evolution of the Western concept of development, recognizing the wider dimensions of human and economic development and the role of institutions and rules, which has moved toward the vision and the path of development envisaged in Islam, emphasizing human solidarity, belonging, wellbeing, sharing, concern for others, basic human entitlements, and modest living. The goal is to explain the basis and network of rules for achieving human and economic development as mandated by the Quran and operationalized by the Prophet in Islam. A reading of this book should confirm that in today's Muslim societies the core elements of the institutional structure that would designate a system as Islamic are, by and large, notable for their absence.
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Author Abbas Mirakhor: Abbas Mirakhor is the First Holder of INCEIF s Chair in Islamic Finance at INCEIF - The Global University of Islamic Finance, Malaysia. He was the Executive Director and Dean of the Executive Board of the International Monetary Fund. He received his PhD from Kansas State University, USA. Author Hossein Askari: Hossein Askari is Iran Professor of International Business and International Affairs, George Washington University, USA.
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