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A socio-economic profile of Muslim countries

In: Handbook on Islam and Economic Life

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  • Mohamed Ariff
  • Meysam Safari

Abstract

This chapter presents a socio-economic profile of Muslim countries as at the beginning of the second decade of the 21st century. In broad terms, the 57 majority Muslim countries have a combined population of 1.4 billion Muslims, which is 23 percent of the world population. An additional 200 million to 350 million live as minorities in almost all other nations. The World Bank’s human development index score of 59 for them is 15 percent lower than the world average. In fact, the slightly lower human development score is surprisingly good news on how far the Muslim countries have progressed based on the perception of their situation some 60 years ago as depicted in the then contemporary historical accounts. Muslims then were described as examples of lack of modernization and their countries were examples of poor governance. During the 60-year period, most of these nations gained freedom from colonial rule. The extent of the progress made in the contemporary period is examined in this study using factual socio-economic data series. This augurs well for future development towards democracy, development, and human progress of Muslims around the world.

Suggested Citation

  • Mohamed Ariff & Meysam Safari, 2014. "A socio-economic profile of Muslim countries," Chapters, in: M. Kabir Hassan & Mervyn K. Lewis (ed.), Handbook on Islam and Economic Life, chapter 10, pages iii-iii, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:16009_10
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    References listed on IDEAS

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    1. Bader, Mohammed Khaled I. & Mohamad, Shamsher & Ariff, Mohamed & Hassan, Taufiq, 2008. "Cost, Revenue, And Profit Efficiency Of Islamic Versus Conventional Banks: International Evidence Using Data Envelopment Analysis," Islamic Economic Studies, The Islamic Research and Training Institute (IRTI), vol. 15, pages 24-76.
    2. Mohamed Ariff & Ahmed M. Khalid, 2005. "Liberalization and Growth in Asia," Books, Edward Elgar Publishing, number 2909.
    3. Richard A. Iley & Mervyn K. Lewis, 2013. "Global Finance After the Crisis," Books, Edward Elgar Publishing, number 15075.
    4. Christopher J. Green & Colin Kirkpatrick & Victor Murinde (ed.), 2005. "Finance and Development," Books, Edward Elgar Publishing, number 2764.
    5. Henry, Peter Blair, 2000. "Do stock market liberalizations cause investment booms?," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 301-334.
    6. Mohamed Ariff & Ahmed M. Khalid, 2000. "Liberalization, Growth and the Asian Financial Crisis," Books, Edward Elgar Publishing, number 1511.
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    1. Mohamed Ariff, 2015. "Appeal of Sukuk as a New Type of Financial Instrument نداء صكوك كنوع جديد من الأدوات المالية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 28(2), pages 149-175, July.

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