Shah Wali-Allah Dihlawi and his Economic Thought: Shah Wali-Allah's Approach

Shah Wali-Allah was a 1700s sufi scholar who wrote about economics, contributing to Tadbir al-Manzil, money, interest, and public finance.

Format: Paperback / softback
Length: 256 pages
Publication date: 12 October 2022
Publisher: Islamic Foundation

Shah Wali-Allah, a renowned sufi scholar hailing from the Indian Sub-Continent during the 1700s, possessed a profound knowledge of the Quran, Hadith, and Fiqh. This remarkable book stands out as it delves into Shah Wali-Allah's thoughts from an economic standpoint. The chapters explore his economic ideas, his significant contributions to Tadbir al-Manzil (household management), the concepts of money and interest, as well as public finance and socio-economic development.

Shah Wali-Allah's economic insights were influenced by his deep understanding of Islamic principles and his study of various classical texts. He believed that economics should be guided by the teachings of the Quran and Hadith, emphasizing the importance of justice, equality, and the well-being of society.

In his book, Shah Wali-Allah discusses various economic issues and challenges faced by his time. He emphasizes the importance of managing household finances effectively, promoting economic growth, and addressing social inequalities. He also discusses the role of government in promoting economic development and ensuring the welfare of its citizens.

One of Shah Wali-Allah's most significant contributions to economics was his emphasis on the importance of education and skill development. He believed that education was a key factor in promoting economic growth and improving the quality of life for individuals. He advocated for the establishment of schools and universities to provide education to the masses, particularly in rural areas.

Shah Wali-Allah's ideas on money and interest also played a significant role in his economic philosophy. He believed that money should be used for productive purposes and that interest should be earned in a fair and ethical manner. He criticized the practice of usury, which he saw as exploitative and harmful to society.

Shah Wali-Allah's ideas on public finance and socio-economic development were also ahead of their time. He advocated for the use of government resources to promote social welfare and infrastructure development. He believed that the government should play a role in ensuring that everyone had access to basic needs such as food, water, and education.

Shah Wali-Allah's economic philosophy has had a lasting impact on the field of economics. His ideas on justice, equality, and the well-being of society continue to inspire economists and policymakers today. His emphasis on education and skill development has also contributed to the development of education policies in many countries.

In conclusion, Shah Wali-Allah was a great sufi scholar who possessed a deep understanding of Quran, Hadith, and Fiqh. His book, which focuses on his economic ideas, has had a significant impact on the field of economics. His ideas on justice, equality, and the well-being of society continue to inspire economists and policymakers today, and his emphasis on education and skill development has contributed to the development of education policies in many countries.

Weight: 336g
Dimension: 139 x 216 x 17 (mm)
ISBN-13: 9780860378518