March 16, 2010
World of WealthCraft: Using a virtual hand to nurture Islamic finance growth



5 min read

The Big Money suggests using¬† “massive, multiplayer, online role-playing games like World of Warcraft and Second Life….for studying economic behavior and testing economic-policy theories”.

This would be interesting to see in Islamic finance. I don’t know of anyone that has attempted similar except for Dr. Sami al-Suwailem in his paper “Islamic Economics in a Chaotic World” where he compares Chaos theory, Neoclassical economic theory, and Islamic economic theory.

I wonder how hard it would be to expand this type of thing; Different states could be set up: Dual conventional-Islamic states (like Malaysia), Islamic states (like Sudan), & Hybrid states (like the KSA), and conventional states. Interactions would be regulated by an IMF or IDB type entity, or both.

Iit would be interesting to see what results we could get.


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