first steps to islamic economics (presentation 1)

7/27/2019 First steps to Islamic Economics (Presentation 1)

1/10


2/10

We have created you, then why dont you

believe

Will He who created not know, whereas He has

knowledge of everything, even the discreetthings?


3/10

Error of EconomicSystems

Eradication of religion from economy,

whether in Capitalist, Socialist or Communist

systems

And people (their souls) have been beset

with greed


4/10

Error of EconomicSystems

The catastrophic effect on society.

Current statistics, labour strikes, etc.


5/10

Allah Taala has created for us a systemthrough which man will be comfortabledespite his selfish, greedy nature.


6/10

Islamic Economy

Islam = Comprehensive way of life which

governs all aspects of life.

Divinely guided = Solution to societies

problems, provided correctly implemented.


7/10

FundamentalDifferences

Islamic Economy CapitalismDivinely guided Man made

Society based Individual based

Equality Monopoly

Money is vehicle Money is objective

Moderation Extravagance


8/10

ShareeahsOutlookTowards Economics

Earning halaal is an obligation

Begging/Not earning is condemned

Rewards given for earning wealth with correctintentions

NO encouragement to amass wealth

Harms of wealth expounded

Allah Taala is the ultimate provider

Muslims real abode is the Hereafter

Moderation and contentment advocated


9/10

Clarification

Islam teaches us not to make wealth our objective, but this

does not mean that we should shun all business and trade.

Example of ship and water.

Exposition of this can be seen from Islamic history:

A thriving empire

Thriving economic system

Existence of financial instruments from as early as the 2nd

century


10/10

first steps to islamic economics (presentation 1)

Documents