The Clash of Ideals

This chapter navigates the intriguing realm of comparative analysis between Islamic economics, rooted in normative ideals, and conventional economic theory, which describes the practical realities of the world. It highlights the fundamental differences in their aims: Islamic economics seeks to inspire individuals to embody higher moral and ethical values and work toward societal well-being, while conventional economics focuses on analysing economic behaviour based on idealised market conditions. By delving into these disparities, this chapter elucidates the diverging paths of these two economic paradigms.