If given the right environment, private enterprise can do a great deal more than simply invest, it can introduce competition and stimulate growth.
There are those, who enter the world in such poverty that they are deprived of both the means and the motivation to improve their lot. Unless these unfortunates can be touched with the spark which ignites the spirit of individual enterprise and determination, they will only sink back into renewed apathy, degradation and despair. It is for us, who are more fortunate, to provide that spark.
The working family in the West can earn all the money it needs in four or five days a week and then with only five or six hours work a day. Its capacity for leisure is growing every year. But what does the family do with it? Look at television? Perhaps. But what will be seen on television? Are they any nearer the complete and contented man of all our dreams?
The old saying that man's material progress can be achieved by a judicious application of both the carrot and the stick has a great deal of truth in it.
Creativity knows no frontiers: it is not of the East nor the West, of the North nor the South, but it sometimes needs awakening, to be set alight, to be shown a purpose. I believe such a time is now.
Health and welfare are the predominant items in the budgets of most countries. Huge amounts of money can be wasted on them if management is poor.
God has said: Wisdom is an immense good, wherever you find this invaluable treasure, acquire it
What has been called the permissive society, where anything goes, nothing matters, nothing is sacred or private any more, is not a promising foundation for a brave and upright new world.
It is My profound conviction that Islamic Society in the years ahead will find that our traditional concept of time, a limitless mirror in which to reflect on the eternal, will become shrinking cage, an invisible trap from which fewer and fewer will escape.
It (Surah of Light from the Quran) tells us that the oil of the blessed olive tree lights the lamp of understanding, a light that belongs neither to the East nor West. We are to give this light to all. In that spirit, all that we learn will belong to the world and that too is part of the vision I share with you.
Both the development of the economy and the success of social institutions depend on the creation of the right environment for progress, an environment which enables both businesses and people to realize their full potential.
One of the first and greatest research centres, the Bayt al-Hikmah established in Baghdad in 830, led Islam in translating philosophical and scientific works from Greek, Roman, Persian and Indian classics. By the art of translation, learning was assimilated from other civilizations.
The West has won the freedom to enjoy, and at times often slips into the licence of abusing, the pursuits of leisure and culture. They have won this freedom, not for a privileged few, but for the great mass of their people.
I have observed in the Western world a deeply changing pattern of human relations. The anchors of moral behaviour appear to have dragged to such depths that they no longer hold firm the ship of life. What was once wrong is now simply unconventional, and for the sake of individual freedom must be tolerated. What is tolerated soon becomes accepted. Contrarily, what was once right is now viewed as outdated, old-fashioned and is often the target of ridicule.
Speak the truth, even if it were against yourselves (Quran, 4:134)
I referred at the beginning of this speech to the dangers of polarisation in the world today, between rich and poor nations, between political philosophies and within faiths. These dangers are acerbated by recession. I hope it is only a passing phase.
Above all, following the guidance of the Holy Quran, there was freedom of enquiry and research. The result was a magnificent flowering of artistic and intellectual activity throughout the ummah
It must never be said generations hence that in our greed for the material goods of the rich West we have forsaken our responsibilities to the poor, to the orphans, to the traveller, to the single woman.
It has always been my firm belief that the efficient management of a hospital, a school or a housing estate is as important as it is to a business enterprise. The objective of efficient management in this casse, however, is not to make money but to spend what is available in the most effective manner.
More than ever before, world agencies for development are reaching consensus that it is investment in men and women, the ability to make every individual in society productive, which enables a country most rapidly to make economic progress.