Economics and Religion, these two concepts don’t converge under Capitalist theory. Human beings were created with limited abilities but ironically only our limited minds have been permitted to assess mankind, nature and this universe in order to administer our affairs, as we deem fit. God’s role in the material world is subject to approval by human beings. An unseen God is not allowed to regulate what limited minds presume. God’s Kingdom, they say, is in the Heavens, not on Earth. Here, we make ourselves judges and law makers, without prejudice towards any religious belief.
“Profits” and “share value” are the two most important incentives for capitalist corporations, without which they would collapse creating massive lay-offs and redundancies. Loss of employment harms lifestyles and forces governments to bail them out. This was evident in the global credit crunch of 2009.
Muslims and Christians perform separate religious rituals but they become united at the work place. Muslims and Hindus witness communal-religious riots on the streets but they serve their capitalist employers without much problem. Muslims and Jews are locked in an epic battle but they will deposit their savings in the same capitalistic banks.
Capitalists say, religions provide answers to man’s spiritual questions but God’s Commandments must not become binding upon people living in the real world. Freedom of Belief forms the Capitalist intellectual creed or belief, which resolves their spiritual and material needs in an intelligent way. Capitalists’ world view is based on Secular ideology where the concept of God is limited to the spiritual world only.
That sounds like an acceptable idea. We are guaranteed our rights of belief, worship and rituals while in the physical world we resolve issues based on scientific empirical methods. Why should somebody be against such a concept? It did make Muslims work with Hindus, Jews and Christians, and there was no compulsion on their religions either. Besides, millions of Muslims have adopted it already without any scholarly ruling against it, so it must be halal too. So, can we conclude that capitalist economic theory can compliment or even substitute Islamic Economic theory as it is presumed to be acceptable?