A user below mentioned that once the land-based trade switched to water-based, central Asia lost their main source of wealth since all of the overland trade was

A user below mentioned that once the land-based trade switched to water-based, central Asia lost their main source of wealth since all of the overland trade was taxed. I agree. Another reason the Islamic world didn't reach industrialization first is because of a lack of capital concentration and resulting lack of a large merchant class. Christian Europe practiced primogeniture so large estates passed to a single, next heir. Islamic laws resulted in accumulated wealth being dispersed among more inheritors each successive generation. Furthermore, the Muslim world did not indigenously develop a legal corporate form that lasted beyond the life of any of the partners further limiting the ability to form large companies. If you have access, check out some of Timur Kuran's papers on Google Scholar.