Economic Growth and Human Development in Islam (original) (raw)

The concept of economic growth and human development is explained in this paper. The study analyses the impact of Islamic teachings on economic growth and human development. The concept of two basic needs of human beings is explained in the context of Quran and these human needs are spiritual needs and physical need. The both types of human needs are fulfilled under the umbrella of Islam. Islam has put down the principles of social and economic justice, brotherhood, rules of earning and spending, duties and responsibilities of individual and state for smooth running of social and economic system. Islam is universal religious. Therefore, it brings prosperity and economic growth all over the world.