Naveed YazdaniDawood Mamoon2012-03-142012-03-142012Munich Personal RePEc Archive, MPRA Paper No. 36793https://escholar.umt.edu.pk/handle/123456789/472The same paper has also been presented at 2nd international conference on Business Management 28th -29th March 2012, Lahore -PakistanSome of the recent empirical studies relate economic growth and prosperity with religion. This paper raises the question that if economic systems are based on individualism and selfishness, can they be related with religion? The paper also finds that the Secularization hypothesis of Western Modernity is still valid for Western cultures, Judaism and Christianity but its application is highly unlikely in case of the third monotheist religion Islam. The paper expounds the causes of this proposition keeping in view the historical, religious and economic perspectives of Islam.enReligionEconomicsEducationMonotheist ReligionsSecularization HypothesisArticle