Abstract
In this chapter, we ask what Islam has to say about the ownership and management of natural resources, especially those that are depletable such as oil and natural gas, and their beneficiaries. First some background.
This chapter borrows from: Mirakhor, Abbas, and Hossein Askari, Islam and the Path to Human and Economic Development (New York, NY: Palgrave Macmillan, August 2010;) Askari, Hossein, “Oil Rents, Political and Military Policies, and the Fallout,” in Handbook of Oil Politics, Robert E. Looney (ed.) (London: Routledge, December 2011); and Askari, H., F. Abbas, G. Jabbour, and D. Kwon, “A n Economic Manifesto for the Oil Exporting Countries of the Persian Gulf,” Banca Nazionale Del Lavoro Quarterly Review 59, no. 239 (December 2006).
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Notes
Solow, Robert M., “Intergenerational Equity and Exhaustible Resources,” The Review of Economic Studies 41, Symposium on the Economics of Exhaustible Resources (1974), p. 41.
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© 2013 Hossein Askari
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Askari, H. (2013). Oil—Islam, Ownership, and Institutions. In: Collaborative Colonialism. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137353771_6
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DOI: https://doi.org/10.1057/9781137353771_6
Publisher Name: Palgrave Macmillan, New York
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