This book briefly surveys the evolution of the Western concept of development, recognizing the wider dimensions of human and economic development and the role of institutions and rules, which has moved toward the vision and the path of development envisaged in Islam.

Explaining how the price of aggression is low enough that governments do not avoid conflicts, this book uses examples drawn from recent conflicts in the Persian Gulf to examine many dimensions of costs incurred by warfare and proposes a private sector solution to warfare's low cost.

Askari and Krichene provide a comprehensive background for recent international financial crises rapid expansion of interest-bearing debt and monetary expansion though the fractional reserve banking system. In this context, the authors provide an analysis of the experience and issues associated with international payments systems the various forms of the gold standard, the Bretton Woods system and the present system of flexible exchange rates. The authors go on to examine the case for fixed exchange rates (gold standard and other interesting variations) anchored in Islamic finance. The...

This book explores how the recent development of Muslim countries as a group has fallen far short of non-Muslim countries, which, some have concluded, may be a result of Islamic teachings. The authors examine Muslim countries over time, viewing their progression on the Islamicity scale. They assess why some countries have done better than others, and to derive useful policy recommendations to improve political, social, human, governance and economic performance.

Resource Rich Muslim Countries and Islamic Institutional Reforms explores the "resource curse," a condition in which a country's abundance of natural resources is negatively linked with the country's development and economic growth, in resource rich Muslim countries.