Distinguished Scholar & Founder
Professor Dr. Abul Hasan M. Sadeq
Founder & Founder Vice Chancellor
Asian University of Bangladesh (AUB)
Founder & Founder Vice Chancellor
Asian University of Bangladesh (AUB)
Book Publication
Book: Financing Economic Development: Islamic and Mainstream Approach
Publisher: Longman Malaysia
Year: 2006 (Reprint/Updated)
Publisher: Longman Malaysia
Year: 2006 (Reprint/Updated)
Full Publication: researchgate.net/publication/378715124
The Dialectics of Multidimensional Development
In this fundamental study, Professor Dr. Abul Hasan M. Sadeq explores the critical role of resource utilization across the "multidimensional spectrum" of development. He argues that development is not limited to material wealth but encompasses economic, non-economic, spiritual, and material progress.
Key Perspectives of the Research:
Key Perspectives of the Research:
- Prerequisites for Growth: Identifying capital formation and technological change as the primary drivers of development. The availability and smooth supply of investible resources are presented as prerequisites for production and managerial excellence.
- The Economics of Spirituality: Professor Sadeq introduces a unique perspective by arguing that even spiritual development requires material resources. He notes that the dissemination of knowledge, education, media usage, and the protection of society all demand significant material and human capital.
- Divine Incentive: The research highlights how the Islamic code of life provides a unique institutional framework that incentivizes the efficient mobilization of resources, viewing "spending for the development of spiritual values" as a divine instruction.
- Institutional Framework: Proposing that an Islamic approach creates a more conducive environment for resource mobilization by aligning individual incentives with collective societal welfare.
Core Concepts: Resource Mobilization, Capital Formation, Spiritual Development, Economic Growth, Institutional Incentives, Multidimensional Development, AUB.