Journal of Business & Economic Policy

ISSN 2375-0766 (Print), 2375-0774 (Online)

Population Growth and Economic Development: An Islamic Perspective
Farid Bashir Taher, Awad Mohamed Khair Hussein

Abstract
This paper aims to develop an Islamic theoretical framework for the relationship between population growth and economic development. In this regard, a new version of the Neoclassical production function will be developed in a manner that conforms with the Islamic framework of the relationship between inputs and the expected output in the presence of technological improvement supported by the blessing of Allah as a reward for good believers who show perfect faith and fear of Allah Almighty. The paper concluded that Muslim nations should not take a passive attitude toward technological improvements; Instead, Muslim societies should strive at making an efficient use of their endowed resources by acquiring the most developed science and technology base. Meanwhile, Muslim societies are urged to maintain their eligibility for Allah's blessings through a steady faith, fear of Allah as a prerequisite for success as Allah has guaranteed societies of good believers an ever-growing per capita real income, and a sustained economic development regardless of its rate of population growth.

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