Abstract

The majority of Muslim countries, classified as low or middleincome groups, suffer from poverty and face severe challenges in economicdevelopment. International development reports attribute the economicproblems of Muslim countries to similar factors as those existing in otherdeveloping countries. However, some secular studies have analyzed theimpact of Islamic culture on the economic variables in the Muslim World, andconsequently on its economic development. This paper reviews and evaluatessome of these studies. Secular works which are selected and examined inthis article can be classified into two main groups. The first group makes nodistinction between authentic Islamic culture and contemporary culture whichis prevailing in Muslim countries and builds its analysis and conclusion uponthis misconception. The second group, however, raises objections towardssome specific Islamic laws and traditional rules, considering them amongfactors which have hindered economic development in the Muslim world.