The contributions of Islam to world civilization are undeniable. However, in the last 100 years, Muslims have been confronted with the effects and ramifications of modernity, caused by the emergence of global capitalism. What does modernity ultimately mean for Muslims? How will the historical precepts of Islam meet the changes in our globalized world? To date, most scholars on Islam have tried to understand Muslim societies from historical observation alone. This simplistic academic approach does not allow us to understand the entire transformation that has taken place in Muslim societies. Sociological scholarship, on the other hand, argues that it would be difficult to understand Islam without first understanding the theoretical and practical underpinnings of the social structure of Muslim societies, which are embedded in the relationship between religion, the economy, politics, and society. This book - now available in paperback - makes a connection between the economic system and its social and political consequences in Muslim societies. It examines the role of Islam within Muslim societies in the context of ongoing and increasingly powerful, neoliberal, economic processes in a globalized world, and the way in which Islam influences the West because of the interdependent relations brought about by the global economy. These interdependencies create social and political transformation on both sides.