Distributor:  Icarus Films
Length:  27 minutes
Date:  2012
Genre:  Interview
Language:  English
Closed captioning available
Interactive transcript available
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Islam Unknown (episode 8): Mehmet Asutay

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Mehmet Asutay has devoted himself to developing a model for an Islamic economy that emphasizes social justice.

Islam Unknown (episode 8): Mehmet Asutay

In the wake of the global financial meltdown, many people are seeking alternatives to the global financial system. One of them is Mehmet Asutay, who has devoted himself to developing a model for an Islamic economy that emphasizes social justice.

Asutay believes the economic crisis was caused by the disconnection between finance and the real world. But the answer does not lie in Islamic banking, which he says takes a narrow, legalistic approach to issues such as the ban on charging interest. What Asutay hopes for instead is a moral economy — an economy that offers equal opportunity to resources and that recognizes that, regardless of differences, humans are equal in their relationship to God.

For Asutay, an Islamic moral economy need not be all-encompassing. Each society can develop economic models that best suit its needs. And an Islamic economy should not discriminate against non-Muslims. Saying that he appreciates "the humanistic nature of secularism," Asutay says he sees the Islamic economy as being rooted in religion but geared towards justice.

While he does not claim to have one overarching economic solution, Asutay says it is clear we need to develop trust as a key to economic activity — and that our participation in a consumer society makes us all culpable to some extent: "I don't see this as just a failure of a financial system, I see it as a failure of homo economicus. Each one of us individually has contributed to this collapse."

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Main credits

Elders, Fons (interviewer)

Other credits

Camera-sound, Kevin Rietveld; editing, Theo Raben; music, David Parsons.

Distributor credits

Docuseek2 subjects

Religion and Spirituality
Philosophy, Critical Thinking and Ethics
History of Religion
Netherlands, The

Distributor subjects

No distributor subjects provided.


Islam; "Islam Unknown (episode 8): Mehmet Asutay"; Icarus Films;

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