06-24-2009, 05:22 PM
Dear Safwan Arshad you are right that socialism and capitalism are not found in their real essense anywhere in the world. But keep in mind that these system will be more harmful for humanity in their real essense.
As far as you view is concerned regarding the alternatives not only Maulana Maududi but also other Islamic scholars have mentioned a complete scatch of Islamic economic system. Islamic scholars do not have view of abolishment of interest based economic system but a transissional time period will be allowed for conversion of economic system from interest based to interest free. For instance after islamic resolution of Iran in 1979 a transissional period of some years was allowed for implementation of complete islamic economic system.
Regards,
Awais Aftab
As far as you view is concerned regarding the alternatives not only Maulana Maududi but also other Islamic scholars have mentioned a complete scatch of Islamic economic system. Islamic scholars do not have view of abolishment of interest based economic system but a transissional time period will be allowed for conversion of economic system from interest based to interest free. For instance after islamic resolution of Iran in 1979 a transissional period of some years was allowed for implementation of complete islamic economic system.
Regards,
Awais Aftab
