Islam and Capitalism

MUHAMMAD QUTB - ISLAM AND CAPITALISM Capitalism did not originate in the Islamic world as it came into being only after the invention of the machine which took place by chance in Europe. Capitalism was imported into the Islamic world at a time when it was under European domination. Together with the wave of development, it spread into the Islamic world which suffered from poverty, ignorance, illness and backwardness. This made some people think that Islam approves of capitalism, with both its evils and merits.