Take the case of earning livelihood first. The meticulous care with which Islam has distinguished between right and wrong in relation to the means of gaining wealth, not in any other legal and social system in this world. Condemns as illegal all those means of livelihood which morally or materially impair the interests of other individuals in society as a whole.
Islamic law categorically rejects as illegal liquor manufacturing and other intoxicated, adultery, obscenity and professional dance, the game, speculation, racing and lotteries, transactions of speculative, imaginary, fraudulent or controversy, transactions business in which the gain of one party is absolutely guaranteed, while the other party is left uncertain and doubtful, the price manipulation by withholding the sale of the basic necessities of life, and many others similar transactions that are detrimental to the interests of the community. If we examine this aspect of the economic laws of Islam find a long list of practices declared illegal most of which can and are making people millionaires in the capitalist system.
Islam forbids all these means by law and granted freedom to earn wealth only by those means by which a person pays a real and useful service to the community and this gives the right to a fair and just compensation.
Islam accepts the rights of property of an individual, the wealth earned by him through legitimate means, but even these rights are not without conditions. A man can only spend their wealth legitimate, legitimate things and through legitimate means.
Islam has imposed restrictions on expenditure so that one can lead a decent life, and one can not squander their wealth in pursuit of the eye. A person can not transgress the limits prescribed to display their wealth and status and act as a special being in front of others. Certain forms of illegal and wasteful expenditure have been clearly and unequivocally prohibited while others, although not expressly prescribed, may be prohibited at the discretion of Islamic government.
One is allowed to accumulate wealth that remains after satisfying their legitimate and reasonable, and these savings can also be used to produce more wealth, but there are some restrictions on these activities. In regard to accumulate.,. cionceriqueza, of course, have to pay the “zakat” in the proportion of 2 ½% a year of accumulation exceeding the specified minimum. If you want to invest in business can only do what is stated in legitimate business. It is permissible to stop a man take his own legitimate businesses or allow others to have their capital bases to share profits and losses.
It is not at all objectionable in Islam if a man, working within these limits, it becomes even a millionaire, indeed, this will be a divine favor. But in the interest of the community as a whole Islam imposes two conditions on the individual, first of be paid “Zaqat” of commercial property and “USHR” (1 / 10) of the value of agricultural produce and second, to be deal fairly and honestly with whom he introduced as a partner in business, industry or agriculture, with those to take their employees and the government and the community of its size.
If they do not trace justice to others, particularly their employees, its own momentum, the Islamic state will be forced to do so.
Then again, even wealth that is accumulated within these limits gifts is not permitted by Islam is to be concentrated at one point or place for a long time. Through its law of inheritance Islam spreads it on a large number of people from generation to generation. In this respect the spirit of Islamic law is different from that of other laws prevailing in the contemporary world. Most inheritance laws try to keep the wealth once it has been accumulated by a person concentrated in the hands of the beneficiary from generation to generation.
A1 opposite of this, Islam has made a law under which the wealth accumulated by a person in your life is distributed among its close relatives soon after his death. If no close relatives, distant relatives then benefit from them in the proportions established by law to yield one of them. And if there is no extended family nearby, then the entire Muslim society is entitled to his inheritance. Under this law the creation or continuation of any family of capitalists or landlords becomes impossible. If, despite all the restrictions and obligations, authorities said, a tip of the evil you went along with such an accumulation of wealth in their lifetime, then this latest blow puts an end and society flourishes under a system that allows private property and free enterprise, but safeguarding the collective interests and establish social justice.
