7/25/2019 The Islamic View of Capitalism

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The

Islamic

View

of

CaPitalism

in

the

long-tenrr

without

the

simultatreous

real

rza-

tion

of

social

goals

(Ibn Khaldttn,

n'cl).

Holvever,

the

stark

reality

is

that'

while

capi-

talisrl

has

generally

perlbrrned

u'ell

in

ternrs

of

prolnoting

ecotrouric

efficiency

and

gror'vth,

and

contributed

to the

nraterial

prosperity

of

societies

r,vhiclr

have

aclopted

it,

its

perfot'mance

in

realiz

ing

other

socio-economic

goals

has

generally

been

poor.

It

has

failecl

to enable

these

societies

to

ful

ltl

the

treecls

o1'

all

inclividuals

and

to realize

ftrll

ernploynrelt,

the

equitable

distribution

of

income

and

wealth,

and

stability

in financial

markets.

This

lailure

is

macle

all

the more

conspictrous

by

a

rise

in

all

the

syrnptoms

of

anomie,

sttclt

as

crinre,

ten-

sion,

clivot'Ce,

juvelile

delilqtlellcy,

and

nrental

illness,

all

ildicatilg

lacl