Economic Principles of Islam

Posted: Desember 10, 2010 in Uncategorized

Islam has laid down some principles and prescribed certain limits for the economic activity of man so that the entire pattern of production, exchange and distribution of wealth can match the model of Islamic justice and equality. Islam does not address the methods and techniques s subject to weather and economic output thermal nor the details of models and mechanisms of organization. Such methods are specific to each age and are evolving according to the needs and requirements of the community and the demands of the economic situation.

In what Islam aims to Islamic view, God created the earth with mankind and all it contains. It is therefore the birthright of every human being to procure and secure their share of the world. All men enjoy this right equally and none can be deprived of it, no man should take precedence over another. From the point of view of Islam, there can be no barrier on any individual, race or class, to take some means of earning a living or take certain professions. All are entitled to equal opportunities in the economic realm. Similarly, this distinction is not valid in Islam, which would create a nomopolio in a particular way to make a living for a particular person, class, race or group of people. It is the right of all men strive and get their share of maintenance models means provided by God on earth. Islam ensures that this effort should be made in the context of equal opportunities and fair chances for all.

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