It can be argued that the foundational principles of Islamic economics do not conflict with free enterprise and do not oppose fair gain as a principle for wealth distribution. The wealth distribution in Saudi Arabia came into being out of a number of situations unique to that land. These situations are: 1. The country's relatively short experience as a sovereign state and the great pool of resources held in the hands of the state; 2. The prevalence in the kingdom of the Wahabi school of Islamic thought, a school that can be deemed highly individualistic and highly orthodox; 3. The country's family-oriented approach to politics, to social life, and to economic life; and 4. The attempt by the Saudi government to build a model for the rest of the Islamic world. The results of the Saudi development approach--much economic expansion in a stable social and economic setting--prove that the Islamic growth model is not a poor one. Still, neighboring governments ought to exercise care in dra
Year
1982
Country
United States
Language
English
Abstract
English
ISSN/ISBN
0021-3624
No. of Pages
pp.453-459
Number
2
Volume
XVI
Select type of work
Name of the Journal
CIS Program Old
CIS publications
No
CIS Thesis
No