IDEAS home Printed from https://ideas.repec.org/a/abd/kauiea/v31y2018i2no6p79-90.html
   My bibliography  Save this article

Confronting Climate Change and Fostering Islamic Economic Development Through Awqaf مواجهة تغير المناخ وتعزيز التنمية الاقتصادية الإسلامية من خلال الأوقاف

Author

Listed:
  • Waleed El-Ansary

    (Helal, Hisham and Laila Edris El-Swedey University Chair in Islamic Studies, Xavier University, USA)

Abstract

The modern world’s ecological and economic crises result from its reductionist, mechanistic, and materialistic worldview. This study of Islamic economics – based on its metaphysical and cosmological sciences – reveals a path to economic justice and ecological equilibrium that requires recovering the Islamic intellectual heritage and establishing corresponding Islamic scientific, technological, economic, and other social structures for spiritually meaningful work and integral development; a role awqāf traditionally played in Islamic civilization that needs to be recovered today. This path, which was lost during the colonial period, requires integrating the findings of modern science into higher orders of knowledge, allowing man to live in harmony with himself, his community, and nature. This achieves both “vertical” and “horizontal” equilibrium, the intersection of which symbolizes the integration of all of life around a sacred center. This can also increase the number and vitality of contemporary awqāf, which Syed Khalid Rashid so rightly calls for in his lead article (Rashid, 2018). إن الأزمات البيئية والاقتصادية العالمية الحديثة ناتجة عن النظرة العالمية المادية والميكانيكية الضيقة. تكشف هذه الدراسة المبنية على أسس ومبادئ الاقتصاد الإسلامي الطريق إلى تحقيق العدالة الاقتصادية والتوازن البيئي. وقد أبانت الدراسة أن هذا البناء يتطلب استعادة التراث الفكري الإسلامي وإنشاء هياكل إسلامية علمية وتكنولوجية واقتصادية وهياكل اجتماعية أخرى ذات علاقة بالعمل الروحي ذي المغزى والتنمية المتكاملة؛ وهو دور لعبته الأوقاف في الحضارة الإسلامية في الماضي والتي نحتاج إلى استعادته اليوم. يتطلب هذا المسار، الذي ضاع خلال الفترة الاستعمارية، دمج نتائج العلوم الحديثة في نظم معرفية أعلى تسمح للإنسان بالعيش في انسجام مع نفسه ومجتمعه وطبيعته. ويحقق ذلك التوازن "العمودي" و "الأفقي"، الذي يرمز تقاطعه إلى تكامل الحياة كلها حول مركز مقدس. إن إعادة إضفاء الطابع التاريخي على عمليات العمل والإنتاج، التي ضاعت خلال الفترة الاستعمارية، يمكن أن تزيد أيضاً من عدد وحيوية الأوقاف المعاصرة؛ حيث تلعب هذه المؤسسة مرة أخرى الدور المحوري الذي قامت به في الحضارة الإسلامية في السابق، وهو الأمر الذي يدعو إليه سيد خالد رشيد في مقالته الرئيسة في هذا الركن.

Suggested Citation

  • Waleed El-Ansary, 2018. "Confronting Climate Change and Fostering Islamic Economic Development Through Awqaf مواجهة تغير المناخ وتعزيز التنمية الاقتصادية الإسلامية من خلال الأوقاف," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 31(2), pages 79-90, July.
  • Handle: RePEc:abd:kauiea:v:31:y:2018:i:2:no:6:p:79-90
    DOI: 10.4197/Islec.31-2.6
    as

    Download full text from publisher

    File URL: https://iei.kau.edu.sa/Files/121/Files/153869_31-02-06-0WaleedAnsary.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.4197/Islec.31-2.6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Syed Khalid Rashid, 2018. "Potential of Waqf in Contemporary World إمكانيات الوقف في العالم المعاصر," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 31(2), pages 53-69, July.
    2. Leonid Hurwicz, 2008. "But Who Will Guard the Guardians?," American Economic Review, American Economic Association, vol. 98(3), pages 577-585, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Talbot-Jones, Julia & Bennett, Jeff, 2019. "Toward a property rights theory of legal rights for rivers," Ecological Economics, Elsevier, vol. 164(C), pages 1-1.
    2. John Boyce & David Bruner, 2012. "Property rights out of anarchy? The Demsetz hypothesis in a game of conflict," Economics of Governance, Springer, vol. 13(2), pages 95-120, June.
    3. Chenggang Xu, 2011. "The Fundamental Institutions of China's Reforms and Development," Journal of Economic Literature, American Economic Association, vol. 49(4), pages 1076-1151, December.
    4. Hamilton, Jonathan & Slutsky, Steven, 2017. "Judicial review and the power of the executive and legislative branches," Research in Economics, Elsevier, vol. 71(1), pages 67-85.
    5. Masahiko Aoki, 2013. "Institutions as cognitive media between strategic interactions and individual beliefs," Chapters, in: Comparative Institutional Analysis, chapter 17, pages 298-312, Edward Elgar Publishing.
    6. Harding, Robin & Prem, Mounu & Ruiz, Nelson A. & Vargas, David L., 2021. "Buying a Blind Eye: Campaign Donations, Forbearance, and Deforestation in Colombia," Working papers 84, Red Investigadores de Economía.
    7. Charles Angelucci & Antonio Russo, 2022. "Petty Corruption And Citizen Reports," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(2), pages 831-848, May.
    8. Cabral, Sandro & Lazzarini, Sérgio G., 2010. "Guarding the Guardians: An Analysis of Investigations against Police," Insper Working Papers wpe_202, Insper Working Paper, Insper Instituto de Ensino e Pesquisa.
    9. Monique Florenzano, 2010. "Government and the provision of public goods:from equilibrium models to mechanismdesign," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 17(4), pages 1047-1077.
    10. Aldashev, Gani & Zanarone, Giorgio, 2017. "Endogenous enforcement institutions," Journal of Development Economics, Elsevier, vol. 128(C), pages 49-64.
    11. Thomas M. Eisenbach & David O. Lucca & Robert M. Townsend, 2022. "Resource Allocation in Bank Supervision: Trade‐Offs and Outcomes," Journal of Finance, American Finance Association, vol. 77(3), pages 1685-1736, June.
    12. Martin Shubik, 2011. "The Present and Future of Game Theory," Cowles Foundation Discussion Papers 1808, Cowles Foundation for Research in Economics, Yale University.
    13. Smith, Eric & Shubik, Martin, 2011. "Endogenizing the provision of money: Costs of commodity and fiat monies in relation to the value of trade," Journal of Mathematical Economics, Elsevier, vol. 47(4-5), pages 508-530.
    14. Hammond, Peter J, 2018. "Allocation Mechanisms, Incentives, and Endemic Institutional Externalities," The Warwick Economics Research Paper Series (TWERPS) 1162, University of Warwick, Department of Economics.
    15. Brousseau, Eric & Garrouste, Pierre & Raynaud, Emmanuel, 2011. "Institutional changes: Alternative theories and consequences for institutional design," Journal of Economic Behavior & Organization, Elsevier, vol. 79(1-2), pages 3-19, June.
    16. John R. Boyce & David M. Bruner, 2009. "Good Fences Make Good Neighbors: Endogenous Property Rights in a Game of Conflict," Working Papers 09-05, Department of Economics, Appalachian State University.
    17. Major, Iván, 2014. "Ha elfogy a bizalom... Kialakítható-e optimális mechanizmus kétoldalú aszimmetrikus információ esetén? [When confidence evaporates&. Does optimal mechanism design exist under doubly asymmetric info," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 148-165.
    18. Walter Trockel & Claus-Jochen Haake, 2017. "Thoughts on Social Design," Working Papers CIE 107, Paderborn University, CIE Center for International Economics.
    19. Thomas M. Eisenbach & David O. Lucca & Robert M. Townsend, 2016. "The Economics of Bank Supervision," NBER Working Papers 22201, National Bureau of Economic Research, Inc.
    20. Ariane Lambert-Mogiliansky & Mukul Majumdar & Roy Radner, 2009. "Strategic analysis of petty corruption with an intermediary," Review of Economic Design, Springer;Society for Economic Design, vol. 13(1), pages 45-57, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:abd:kauiea:v:31:y:2018:i:2:no:6:p:79-90. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: King Abdulaziz University, Islamic Economics Institute. (email available below). General contact details of provider: https://edirc.repec.org/data/cikausa.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.