One earliest work on philosophical foundation of Islamic development that perhaps could now be regarded as a classical conception is undoubtedly the work of Khurshid Ahmad. He talked on it as early as 1973 and published it as early as 1979. It could be considered as the most cited literature in Islamic development related publications. However, most literatures that refer to Khurshid Ahmad’s conception of the philosophical foundation of Islamic development did that in a form of mere quotation. It has not been properly analysed.