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Social and Behavioral Sciences Commons

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Economics

2016

Loyola University Chicago

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Full-Text Articles in Social and Behavioral Sciences

Sharia Law And The Transition Towards More Democracy And A Market Economy – Restrictions And Opportunities, Rahel Schomaker May 2016

Sharia Law And The Transition Towards More Democracy And A Market Economy – Restrictions And Opportunities, Rahel Schomaker

Topics in Middle Eastern and North African Economies

The main source of Islamic Law, the Sharia, provides not only spiritual leadership for human beings, or guidelines how to practice the religion of Islam properly, but also includes normative implications for the design of the political and economic sphere of a state. Beyond the sheer scientific interest, these implications of Islam became relevant (again) in the context of the recent transition processes in the Middle East and North Africa. Despite not being finished yet, the transformations will raise new challenges for their perspective economies and the political systems as many religion-based parties (e.g. Al Nahda in Tunisia) become important …