Governance of Common-Pool Resources between Elinor OSTROM's Approach and the Principles of the Islamic Economic System

Abstract

The rational management of natural resources shared by a number of individuals (common-pool resources (CPRs) is one of the most important conditions of life for current and future generations. It is also considered a blessing that must be thanked for by preserving it. Economic studies have been interested in the subject of shared resources in order to reach a method that helps preserve them from depletion. Among the recent studies, we find the Elinor OSTROM approach, which focuses on the behavioral and moral aspect of man that Islam has called for for thousands of years. This study aims to try to compare Elinor OSTROM's principles in managing shared resources and the principles of Islamic economics, as the study found a great deal of similarity between them