Criticism of Islamism - Islamic Economics

Islamic Economics

Criticism of Islamist (or Islamic) economics have been particularly contemptuous, alleging that effort of "incoherence, incompleteness, impracticality, and irrelevance;" driven by "cultural identity" rather than problem solving. Another source has dismissed it as "a hodgepodge of populist and socialist ideas," in theory and "nothing more than inefficient state control of the economy and some almost equally ineffective redistribution policies," in practice.

In a political and regional context where Islamist and ulema claim to have an opinion about everything, it is striking how little they have to say about this most central of human activities, beyond repetitious pieties about how their model is neither capitalist nor socialist.