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Oil—Islam, Ownership, and Institutions

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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.

Keywords

Exhaustible Resource Good Institution Intergenerational Equity Islamic Teaching Effective Institution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.
    Solow, Robert M., “Intergenerational Equity and Exhaustible Resources,” The Review of Economic Studies 41, Symposium on the Economics of Exhaustible Resources (1974), p. 41.CrossRefGoogle Scholar

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© Hossein Askari 2013

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