Economy

The fundamentals of the Islamic economic system start with the differences it has with the capitalistic, communistic, socialistic, and other mixed types of economic engines that have existed over the past centuries. There are seven major principles and characteristics of Islamic economic system, that in some ways mirror their capitalistic and socialistic counterparts, but are still …

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‘Civilization and its well-being, as well as business prosperity, depend on productivity and people’s efforts in all directions in their own interest and profit. When people no longer do business in order to make a living and when they cease all gainful activity, the business of civilization slumps and everything decays.” Islam has never developed a separate theory of political or moral economy in the …

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