Islamic Economics Series – 24
PERSPECTIVES ON
MORALITY AND
HUMAN
WELL-BEING
A Contribution to Islamic Economics
Syed Nawab Haider Naqvi
THE ISLAMIC FOUNDATION
Islamic Economics Series – 22
PERSPECTIVES ON
MORALITY AND
HUMAN
WELL-BEING
A Contribution to Islamic Economics
Syed Nawab Haider Naqvi
THE ISLAMIC FOUNDATION
Published by
THE ISLAMIC FOUNDATION
Markfield Conference Centre, Ratby Lane,
Markfield, Leicester LE67 9SY, United Kingdom
Tel: (01530) 244944/5, Fax: (01530) 244946
E-mail: [email protected]
Web site: www.islamic-foundation.org.uk
QURAN HOUSE, P.O. Box 30611, Nairobi, Kenya
P.M.B. 3193, Kano, Nigeria
Copyright © The Islamic Foundation, 2003/1424 H
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the copyright owner.
British Library Cataloguing-in-Publication Data
Naqvi, Syed Nawab Haider, 1935-
Perspectives on morality and human well-being : a contribution to Islamic economics
1. Islam - Economic aspects 2. Economics - Moral and ethical aspects 3. Economics - Religious aspects - Islam 4. Islamic ethics
I. Title II. Islamic Foundation
297.2’73
ISBN 0 86037 328 2
ISBN 0 86037 387 8 pbk
eISBN 9780860376477
Dedicated
to
my wife Saeeda;
our children:
Andalib, Tehmina, Qurrat-ul-ain, and Neelofar;
and grandchildren:
Akbar, Rohina, and Zara
Contents
RELIGION, ETHICS AND ECONOMICS
III – Religion, Ethics, and Economics
IV – Islam, Ethics, and Economics
Chapter 2: Morality in Economics
II – Competing Moral Perspectives
III – The ‘Universality’ of the Self-Interest Principle
V – The Possibilities of Public Policy
Chapter 3: Religious Morality in Western Thought
II – Self-Interest Behaviour and Religious Morality
III – The Importance of Being Religious
IV – A Religious Vision of Economic well-being
V – Religion as a Mainspring of Economic Virtues
VI – Whither Religious Morality?
Chapter 4: Religious Morality in Islam: General Principles
II – What an Islamic Economy is Not
III – The Fundamentals of Islamic Morality
IV – Religious Ethics and Economic Reality
V – Problem Areas in a Traditional Islamic Ethical System 122
VI – Public Policy in Muslim Societies