Islamic economic development

Islamic economic development focuses on promoting growth and prosperity while adhering to Islamic principles. It emphasizes fairness, social justice, and ethical behavior, avoiding interest (riba) and speculative activities. This approach encourages shared wealth through charity (zakat) and responsible investment, ensuring resources are used ethically and sustainably. By integrating spirituality with economic practices, Islamic development aims to reduce inequality, foster community well-being, and create a balanced economy that benefits society as a whole.