Doctrine Values and Economic Advancement: A review of recent studies

  • Hassnian Ali Universiti Islam Sultan Sharif Ali, Brunei Darussalam
  • Muhammad Abbas School of Islamic Economics, Business and Finance, Minhaj University,
  • Muhammad Usman Tariq Gill Universiti Islam Sultan Sharif Ali
Keywords: Doctrine values, Advancement, Religion, Studies

Abstract

The economics has faced and passed from different phases of development, growth, and advancement throughout its whole life. Now it has entered into a modern phase of progress. But the problems such as poverty, social injustice, unemployment etc. are not solved yet. The existing and prevailing models of economic innovation which were discussed in recent studies and literature did not direct the way towards the peace and prosperity in the world, but these models of economic development have created new problems such as decline of natural resources, environmental pollution and shortage of labor, and conflicts among different fields of life etc. This is due that these economic models are not based on social, religious and economic doctrine values. The findings indicate that there are need and demand of a new economic model which will be based on that social, religious and economic doctrine values which are common in the religions. The modern economists of East and West should play their role in the formation and application of new values based economic model. The economic advancement can never be done without such an applicable values-based model in the whole world.

Author Biographies

Hassnian Ali, Universiti Islam Sultan Sharif Ali, Brunei Darussalam

Hassnian Ali is a postgraduate research candidate at University Islam Sultan Sharif Ali, Brunei Darussalam in Islamic Banking & Finance by Research. One of the pioneer writers and authors in area of Economics, Fintech, Blockchain and its applications in Islamic Finance. He has presented numerous research papers on Fintech with the combination of Islamic finance at different international workshops and conferences at Brunei and Pakistan.

Muhammad Abbas, School of Islamic Economics, Business and Finance, Minhaj University,

Muhammad Hassan Abbas is the research fellow at Minhaj University, Lahore, Pakistan. His area of research is Islamic and ethical economics and philosophical study of economics.

Muhammad Usman Tariq Gill, Universiti Islam Sultan Sharif Ali

Muhammad Usman Tariq Gill is the research fellow at Universiti Islam Sultan Sharif Ali, Brunei Darussalam. His area of expertise is Economics and ethics.

Published
2018-05-08
Section
Articles