{"id":456,"date":"2009-01-26T11:39:35","date_gmt":"2009-01-26T15:39:35","guid":{"rendered":"http:\/\/www.therowboat.com\/?p=456"},"modified":"2009-01-26T11:39:35","modified_gmt":"2009-01-26T15:39:35","slug":"can-islam-save-the-economy","status":"publish","type":"post","link":"https:\/\/nathanschneider.info\/2009\/01\/can-islam-save-the-economy\/","title":{"rendered":"Can Islam Save the Economy?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-457\" title=\"Kuwaiti Stock Exchange\" src=\"http:\/\/www.therowboat.com\/wp-content\/uploads\/2009\/01\/storyimage_sized_kuwaitstock.jpg\" alt=\"\" width=\"300\" height=\"189\" \/>Today <em>Religion Dispatches<\/em> published an article that came out of my travels in the Middle East last fall. It&#8217;s about the financial and philosophical subculture of Islamic economics\u2014the attempt to create an economic system consistent with religious law. This stuff has attracted a lot of attention lately because the very financial instruments that triggered the current recession, including subprime loans and credit swaps, aren&#8217;t allowed under the Islamic system.<\/p>\n<p>Exploring the world of Islamic economic thought was fascinating. As well as a substantial and ever-growing Sharia-compliant banking industry, there is a body of deeply hopeful utopian literature. In a world that mostly consigns itself to the impersonal, ethics-free destiny of free-marketism, Islamic economics represents an ingenious attempt to return our humanity, or God&#8217;s divinity, to the markets.<\/p>\n<p>Take a look: &#8220;<a href=\"http:\/\/www.religiondispatches.org\/archive\/economy\/803\/can_islam_save_the_economy\/\" target=\"_blank\">Can Islam Save the Economy?<\/a>&#8220;<\/p>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-457\" title=\"Kuwaiti Stock Exchange\" src=\"http:\/\/www.therowboat.com\/wp-content\/uploads\/2009\/01\/storyimage_sized_kuwaitstock.jpg\" alt=\"\" width=\"300\" height=\"189\" \/>Today <em>Religion Dispatches<\/em> published an article that came out of my travels in the Middle East last fall. It&#8217;s about the financial and philosophical subculture of Islamic economics\u2014the attempt to create an economic system consistent with religious law. This stuff has attracted a lot of attention lately because the very financial instruments that triggered the current recession, including subprime loans and credit swaps, aren&#8217;t allowed under the Islamic system.<\/p>\n<p>Exploring the world of Islamic economic thought was fascinating. As well as a substantial and ever-growing Sharia-compliant banking industry, there is a body of deeply hopeful utopian literature. In a world that mostly consigns itself to the impersonal, ethics-free destiny of free-marketism, Islamic economics represents an ingenious attempt to return our humanity, or God&#8217;s divinity, to the markets.<\/p>\n<p>Take a look: &#8220;<a href=\"http:\/\/www.religiondispatches.org\/archive\/economy\/803\/can_islam_save_the_economy\/\" target=\"_blank\">Can Islam Save the Economy?<\/a>&#8220;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[32,84,88,75,69],"class_list":["post-456","post","type-post","status-publish","format-standard","hentry","category-posts","tag-economy","tag-ethics","tag-secularism","tag-tourism","tag-utopia"],"_links":{"self":[{"href":"https:\/\/nathanschneider.info\/wp-json\/wp\/v2\/posts\/456"}],"collection":[{"href":"https:\/\/nathanschneider.info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nathanschneider.info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nathanschneider.info\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nathanschneider.info\/wp-json\/wp\/v2\/comments?post=456"}],"version-history":[{"count":0,"href":"https:\/\/nathanschneider.info\/wp-json\/wp\/v2\/posts\/456\/revisions"}],"wp:attachment":[{"href":"https:\/\/nathanschneider.info\/wp-json\/wp\/v2\/media?parent=456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nathanschneider.info\/wp-json\/wp\/v2\/categories?post=456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nathanschneider.info\/wp-json\/wp\/v2\/tags?post=456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}