Perspective : Some theoretical insights from Divine economics
Dr. Syed Nisar Hussain Hamdani
This study
is an attempt to relate values and wellbeing in perspective of the holy Qurán. The
individual wellbeing is re-lated to multi-dimensions such as body and soul, and
domains such as his self, family, community, nation and faith. Humans possess a
set of desires about all or most of these domains which define their life
satisfaction.
According to
conventional economics, humans get satisfaction from materialistic goods &
services which may be observable and available on certain price. However, the
Qurán says that, "Those who believe, & whose hearts find satisfac-
tion in the remembrance of Allah for without doubt in the re- membrance of
Allah do hearts find satisfaction" [13:28].
Considering
the Quranic view, Divine economics proposes that humans derive life
satisfaction from a variety of goods, services and activities concerned with
such dimensions and domains which are partly materialistic and partly
spiritual. Hence, their economic behaviors are governed by their mate- rial as
well as spiritual values relating to all of these dimen-sions & domains.
These values are shaped by different factors including the faith in a religious
society like Pakistan.
The paper
provides theoretical relationships of religious, spiritual and moral values
with wellbeing by deriving insights from the holy Qurán. It paves the way for
future researchers in economics, sociology and other disciplines, who are
inter-ested in studying human health, social success and wellbeing by maintaining
a lifestyle aligned with Qur’anic lifestyle.
Assalamualaikum Warahmatullahi Wabarakatuh
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