Capitalist development in Turkey and the rise of islamic capital

Kabacıoğlu, Hilal
Islamic capital not only has a central place in the economic, political and cultural agenda of Turkey but also have implications for the rest of the Middle East region as a role model contemporarily. The conservative entrepreneurs, who are the contemporary representatives of the Islamic capital, are forming a rising strata within the society and effecting the organization of social and political space and also the economic and moral-cultural configurations of the country. In this context, as the strongest Islamic economic organization in Turkey MÜSİAD has a distinct position and even the most important historical actor with its structural and cultural nature within these so called ‘Islamic/conservative bourgeoisie’ while it has defined, organized, represented, institutionalized and reproduced the term. Since MÜSİAD is the bearer of Islamic interest representation as a business association, it deserves a great attention in the analysis of the evolution of the political economy of Islamist movement in the contemporary Turkey. Within this contextual framework, this thesis confines itself to the analysis of the formation and representation of Islamic interests within transformation of the Turkish political economy by looking at the modernizing Islam in contemporary Turkey as a multi-dimensional fact in the socio-economic, political, cultural and religious aspects of life, with the case of a business association with an Islamic orientation. The thesis analyzes what made such an economic-ethical-aesthetic transformation possible by exploring the transformation of capitalist development in Turkey, and the rise of Islamic capital in its relation with socio-economic, political, cultural and religious aspects within a historical and conceptual perspective.


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Citation Formats
H. Kabacıoğlu, “Capitalist development in Turkey and the rise of islamic capital,” M.S. - Master of Science, Middle East Technical University, 2016.