07-29-2009, 02:19 PM
Mr. Bilal,
In my view this topic should be posted on Economics Forum.
Anyhow, let us come towards our main point.
In my opinion economic system of Islam is the best economic system.
Islam is complete code of life it gives a social system as well as a great economic system. Other economic systems are only consisted on material factors but itâs economic system of Islam that is also consisted on ethical factors such as Benevolence, Aisar, Rawadary, Brotherhood, and Dignity of Labour. Through the institution of Zakat and law of inheritance Islam makes possible the flow of money from the rich to the poor. Hence Islam makes possible equal distribution of wealth and income. Hazrat Ali Said âGhurbat Insan ko Kufar Se Mila Deti Haâ. This is very true observation. In my view only a social revolution that will also have a model for economic revolution can change our society.
Economic system of islam makes possible the circulation of money because SHIRAKT or partnership is its main feature.
Economic system of Islam makes possible the equal distribution of wealth just see the economic activities that are carried only on the occasion of Eid ul Azha. Billions of Rupees move from cities towards villages because people buy millions of animal. Skins of animals give boom to lather industry. Millions of poor people who cannot buy meat receive huge quantities of meat. Thousands of charitable institutes receive skins of animals and perform charity and other social works.
This is only a small example of eco benefits of Economic system of islam.
In my view this topic should be posted on Economics Forum.
Anyhow, let us come towards our main point.
In my opinion economic system of Islam is the best economic system.
Islam is complete code of life it gives a social system as well as a great economic system. Other economic systems are only consisted on material factors but itâs economic system of Islam that is also consisted on ethical factors such as Benevolence, Aisar, Rawadary, Brotherhood, and Dignity of Labour. Through the institution of Zakat and law of inheritance Islam makes possible the flow of money from the rich to the poor. Hence Islam makes possible equal distribution of wealth and income. Hazrat Ali Said âGhurbat Insan ko Kufar Se Mila Deti Haâ. This is very true observation. In my view only a social revolution that will also have a model for economic revolution can change our society.
Economic system of islam makes possible the circulation of money because SHIRAKT or partnership is its main feature.
Economic system of Islam makes possible the equal distribution of wealth just see the economic activities that are carried only on the occasion of Eid ul Azha. Billions of Rupees move from cities towards villages because people buy millions of animal. Skins of animals give boom to lather industry. Millions of poor people who cannot buy meat receive huge quantities of meat. Thousands of charitable institutes receive skins of animals and perform charity and other social works.
This is only a small example of eco benefits of Economic system of islam.
