As the borders of the Islamic world expand, so does its economic power. In ancient times when the Prophet Muhammad united the followers of Islam into one economic and political party, people united their ways of life and their nation. Buying, selling, earning money was mostly done in the sense that the nation should prosper and rule. As Islam began to become more and more important, it became clear that it took any consideration for the needs of other businesses. Islam became a new standard for economic activity. Eventually, it became the most powerful thing on Earth.
In modern times the Muslim world lives in extreme poverty. Although there are many rich packages available, many have a hard time feeding their children or building the necessary infrastructure development. Why is that? The reasons lie in the assumption of a higher nationality than Islam. In the Islamic past, there was no sense of country and national currency. Instead, each city was considered a small province that lived and worked together in a Muslim country. At that time, the idea was revolutionary and led to many economic changes. The Christian world was still at war and fighting wars on its own, furthering the economic downturn in its economy. Therefore, they could not compete with Muslims effectively. The Muslims had a central authority that took a major step in reducing internal strife. So, when they played, they did it the same way.
Today the situation has changed. Wealthier European nations have come together in economic cooperation and military cooperation. The United Nations, the European Union, and the FTAA are all examples of this collaborative effort. This spirit of cooperation reduces any internal structures that they may have due to using one of these large organizations to mediate. The Muslim world, to its dismay, has reduced itself to internal strife and "contempt" that works for each other.
The only way to change the misfortune of Islam is to change our whole way of looking at business. Islamic principles of non-discrimination, hard work, and collective effort need to change. The concept of nationalism needs to be seen as outdated, and the idea of unity “Ummah (community) should take its place. By working together, people can use their unused resources in terms of natural resources and resources to develop something that will benefit all. Countries like Saudi Arabia, which prefer a safer food source, can invest in those countries with fertile land but have little money. International trade restrictions can be reduced to ensure the smooth transition of goods and services. Leadership can be answered by increasing the performance of not only their nation but also their neighbors.
In fact, the promotion of the Islamic monetary union and the state body is necessary if there is a meaningful change. The formal government body will be very similar to the one found under the European Union but with greater Islamic development. Individual and national agendas will not be given full weight, and economic development will not be subject to corruption. Internal control will need to be developed to help solve some of the problems growing in the Islamic world.
You must be logged in to post a comment.