ECONOMY

In the name of Allah
اللہ (THE GOD),
the Most Gracious, the Most Merciful

ECONOMY (معیشت) . 

1. Introverts (intellectuals, philosophers, researchers, or their blind followers etc)  tend to go towards socialism & communism, ideally they want to see every thing with one eye and equal, every thing with every one or joint/community property without giving due importance to struggle, toil, intellect, necessity, capacity, need, responsibility etc against the nature, if attained by labor or deprived community/group may destroy industry & major economic activity. Inspired & adopted by general public or masses without realizing impact. These are normally good prey of capitalism its self, due to built in faults, in-spite of the fact that its against capitalism apparently. Rather these can be most dangerous combination or ally.

2. Extroverts (dictators, tyrant, monarch, martial etc or their blind followers) tend to go towards capitalism, ideally they want to see every thing with one eye and equal, restricted to one group or class, without giving due importance to struggle, toil, intellect, necessity, capacity, need, responsibility against the nature, if attained by a capitalist or totally uncontrolled community/group may destroy working class/poor & major economic activity. Inspired & adopted by fraction of people without realizing impact & any care for all.

3. Omnivert (balanced, impartial, objective, reasonable etc) tend towards controlled capitalism, where there is no limit to earn & own but display every thing fairly & pay some reasonable out of their profits as Zaqat, charity, tax etc and those who are deprived or in process of financial stability share that reasonable amount with them to respect them, protect them and help them without prejudice of being deprived. There is no such system except which Islamic Monotheism offers like this, those who do not understand keep prejudices & queries/possibilities those who have a clue they believe & practice in their capacity. Only those assets are declared public or state (socialism/communism) which are feasible, if every asset are declared public/state any one can buy public/public opinion to own/misuse these.

4. Interest (ربا، سود) is exploitation and so forbidden and trade/business is lawful & healthy. There is no best practical example except Islamic economic welfare system displayed during Prophetﷺ 's time and few years adjacent to it.

https://www.facebook.com/notes/10154287705245459/

http://data.tanzeem.info/AUDIOS/Islam_and_Banking/Islam_aur_Banking_1_of_7.mp3

http://data.tanzeem.info/VIDEOS/code12/VU_12_005_Seminar_Islam_aur_Banking_1_0f_3.mp4

Translation by Pickthal (others as well)


http://www.quranexplorer.com/
http://www.islamicity.com/QuranSearch
http://tanzil.info/
http://www.searchtruth.com/search.php
http://www.tanzeem.org/



Translation may not be necessarily the version of the original text (Quranic Arabic). Cannot be quoted or taken as fact against any one rather meant for the self analysis, not generalization or specifying any meaning of any verse in scholarly or literally sense, but at the spot instructions under specific set of conditions.

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