Abstract

Islam, as a religion, spread due to the acceptance of core values based on humanity and equality, opposing exploitation, and promoting fair treatment in all aspects of life. Its message to promote trade and gain knowledge was universally accepted. The faith binds tribes and helps them expand boundaries as a nation. The research aims to explore how Muslim empires lost their crown and the potential reasons behind it. The research assesses the decline in education concurrent with the rise of mercantilism. Simultaneously, it examines the failure of Muslim empires to offer an alternative to the interest rate-based economic system, which eventually led to the development of a banking system that supplied necessary war capital and facilitated the expansion of trade and colonial boundaries. The present world order is based on two undeniable qualities of the countries dominating the world: economic power and technological superiority over other nations. The research investigates data from the world's top 500 companies and top-ranking universities, evaluating the gaps in education, economy, and technology between Muslim countries and others.