Understanding Human Capital in the Context of Education: Islamic Dimensional Analysis

Intellect meets investment - Human capital shapes the future with each learned moment. This paper, foremostly, focuses on the conventional or the Western concept of Economics and human capital. It then attempts to comprehend the Islamic notion of Economics and human capital. Secondly, the significance and development of human capital is explored under the Islamic umbrella. Thirdly, this paper identifies and strives to comprehend the dimensions of human capital - Education, Morality, Spirituality, Industriousness, Science & Technology and Creativity from the Islamic perspective. Lastly, educational implications, in the light of the identified Islamic dimensions of human capital, are laid down for the educational community, especially teachers, so that they can ponder and integrate them in their teaching, supporting holistic development of students and enhancing human capital.