M. Umer Chapra is Research Advisor at the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB), Jeddah. Prior to this position, he worked at the Saudi Arabian Monetary Agency (SAMA), Riyadh, for nearly
years, retiring as Senior Economic Advisor. He has also taught as Assistant and Associate Professor of Economics at the Universityof Wisconsin (Platteville) and the University of Kentucky, Lexington; as Senior Economist and Associate Editor of the Pakistan Development Review at the Pakistan Institute of Development Economics; and as Reader (Associate Professor) at the Central Institute of Islamic Research (Pakistan). He is a prolific writer having authored
books and monographs, as well as many papers and book reviews.
occasional papers series 15
muhammad umer chapra
(higher intents and purposes of Islamic Law) have beeneither directly stated in the Qur’an and the Sunnah or inferred from thesebyanumberofscholars.Alloftheseaddresstheraisond’êtreoftheShari¢ahwhich, as recognized by almost all the jurists, is to serve the interests of allhuman beings and to save them from harm. In this paper Dr. Chapraexplores the Islamic vision of development in relation to
maintaining that Islam has emphasized
the ingredients of human well-being, including the human self, faith, intellect, posterity, as well as wealth,for society to flourish. For the Muslim world, stresses Dr. Chapra, to focuson economic development only may in the short term result in relativelyhigher rates of growth but in the long run will lead to a rise in inequities,family disintegration, juvenile delinquency, crime, and social unrest.
The International Institute of Islamic Thought
The Islamic Vision of Development
in the Light of Maq¥|id al-SharÏ¢ah