The paper
notes that, the Enlightenment movement considered all the revealed truth of
religion as:
o
“simply figments of the imagination;
o
non-existent;
o
indeed at the bottom priestly inventions
designed
to keep men ignorant of the ways of reason and nature”.
(Chapra, 2000: 19).
As a
result, religious values and morality shunned away from economics realms and
human intellectual become the only source in directing and determining economic
postulates and principles.
The
absent of religious values and morality in conventional economic has led to the
need to fulfill self interest among the economic agents.
Hence,
the ideal of economic rationality is solely rooted in self interest, at best,
in the context of social achievement.
(Khurshid Ahmad, 1992: 23).
to be continued...
Source: Islamic Science University of Malaysia
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