Capitalism, Islam and - Encyclopaedia of Islam, THREE
[Article]
Tripp, Charles
Leiden
Brill
(2,918 words)
The relationship between Islam and capitalism is not straightforward. Long before Muslim intellectuals began to formulate distinctively Islamic responses to capitalism, capitalist practices and associated ideas and institutions had already had powerful, transformative effects on Muslim societies. These processes were both cause and effect of the variety of responses that emerged, creating a landscape in the twenty-first century that is marked by contrasting forms of engagement with global capitalism by Muslim thinkers and actors. Rather than seeing Islam and capitalism as two distinct phenomena, it is more useful to