Islam and the Moral Economy: The Challenge of Capitalism

Charles Tripp

jul 2006 · Cambridge University Press

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How do modern Muslims adapt their traditions to engage with today's world? Charles Tripp's erudite and incisive book considers one of the most significant challenges faced by Muslims over the last sixty years: the challenge of capitalism. By reference to the works of noted Muslim scholars, the author shows how, faced by this challenge, these intellectuals devised a range of strategies which have enabled Muslims to remain true to their faith, whilst engaging effectively with a world not of their own making. The work is framed around the development of their ideas on Islamic socialism, economics and the rationale for Islamic banking. While some Muslims have resorted to confrontation or insularity to cope with the challenges of modernity, most have aspired to innovation and ingenuity in the search for compromise and interaction with global capitalism in the twenty-first century.

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Charles Tripp is Professor of Politics with reference to the Middle East at the School of Oriental and African Studies, University of London. He is the General Editor of the Cambridge Middle East Studies Series and author of A History of Iraq (3rd edition, 2007) and The Power and the People: Paths of Resistance in the Middle East (2013).