For some people there is an alternative to capitalism which is not communism called the third way. This has nothing to do with the third way of the centrist economic approach of Bob Hawke. .. "Islam as the Third Way: Sayyid Qu b s Socio-Economic Thought gage the representation of Sayyid Quṭb as the pioneer of modern Jihadism. It will do so by casting light on his social and economic theories as elaborated in the first half of the 50s, focusing on a pamphlet published in 1951 with the title "The Battle Between Islam and Capitalism".