I actually do think there is sufficient evidence that Islamic scholarship has struggled to keep up with recent technological innovations. The entire discussion around bitcoin (halal/haram) being a good example. But you are correct in that industrialization isn't the problem, it's just a symptom of modernity and I don't think colonization is any different. To my earlier point, western colonizers also devalued their own religious tradition so it isn't something they did uniquely to Islam (although I'm not denying their intentionality). Syed al-Attas and Guénon document this issue within western metaphysics extensively in how modernity has a constant state of becoming without ever achieving true being. Although we think of this as "secular" it is a particularly Christian ideology. Might not be one we need to be overly afraid of either.
Discussion
the point is that its not a natural development from post-industrial society, it was intentionally taught to us. the problem is that colonialism hasn't ended its just changed forms. colonization also reformed Christianity, Im not claiming Christians are safe from it. yes Islamic scholarship has totally failed us in the modern world. the cause is our (still) colonized societies which devalue sharia studies (just as the colonizers taught them to) so that only low iQ people pursue it. our societies and scholars which cannot fathom any economic system besides capitalism or communism (just as the colonizers taught them). Majority of Arab Muslims still view America as their savior from shia Iran or even from other Islamists (just be good little pets and we will save you). Muslims all over the world view secularism, liberalism, feminism as ideals and unchallenged truths (all western colonial ideologies). The problem is that our societies are intellectually subservient and intellectually colonized. thats why our scholars are weak, our best and brightest flee to the west and the general masses are easily tricked. attack colonial ideas, question EVERY western narrative, return to islamism and we will find success.
The way I see it is industrial and post-industrial modernity is a largely Christian movement at its core (even if many claim to be atheist). It also comes from what could be viewed as prophetic teaching and thus divinely inspired. The preditory capitalism is certainly more Judaic than Christian though, and in the rabbinic sense of enphasizing the letter of law over the spirit.
That's interesting you mention Arabs having what could be seen as a "white savior" complex, a noteworthy effect of polarized sectarianism that colonization definitely magnifies. We do need an intelectual revival and one that can not just bridge the gap into modernity but carry Islam with certainty into the future.