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They Insist That Business
is Like Ar-Riba
By Mohammad
Shafi J. Aga, Bombay, India
In the Name of Allah,
the Gracious, the Merciful
"And Allah has permitted
business (bai'a) and prohibited Ar-Riba,"
The Qur'an says in
continuation of the captioned quote from verse Q: 2.275.
The subject caption above
is a quote from the Qur'aan - part of 275th verse in Chapter 2 thereof
[Q: 2.275].
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The Islamic Economic
System and Europe
By: Dr. Jan Sammuelsson (Sweden)
A few reflections regarding Iqtisaduna by Ayatullah Sayyid Muhammad
Baqir al-Sadr
Muhammad Baqir al-Sadr's work Iqtisaduna ("Our Economics") is
constituted by a comparison between different economic systems, namely
capitalism, Marxism and Islamic economy in the light of the author's
conception of these systems.
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PRESENTED BY
AL-BALAGH FOUNDATION
"Whatever spoils
given by Allah to His Messenger from townspeople belongs to Allah and to
the Messenger, and to the nearest of kin, and to the orphans, and the
indigent, and the wayfarer, so that it may not circulate amongst the
rich of you. And what the Messenger gives you, take it then; but forsake
what he forbids you. And venerate Allah, for He is stern in
retribution."
Holy
Qur'an (59:7)
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Basics of Islamic
Economy
As
the prosperity and moral and material well-being of the community is not
possible without a rich and healthy economy, Islam, as a progressive
religious system, has included this question in its program.
Zakat
Islam, in order to narrow the gap between the rich and the poor, has
legislated the law of zakat, and ordered the rich to pay a just share of
their money and individual income as zakat to the public treasury .
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Islamic
Economy: Its Ideological and Legal
Foundations
By
Ayatullah Muhammad Ali Tashkiri
Every
system, intending to achieve certain goals, must be designed in a
realistic manner. Therefore, if the system is supposed to be
implemented in order to serve human life, particularly in the
long-run, it must serve man's goals and be consistent with his
fitrah (primordial nature). This is not possible unless the
designer of the system has a command over the knowledge necessary for
understanding social and individual aspects of man. Besides, the
designer should have a thorough understanding of actual relations
between those two aspects of man and the primordial nature of man as
well. In addition to those prerequisites, the designer should
understand the historical trends of such a relationship, the needs for
the development of such relationships and methods for pursuing those
needs in order to realize an evolutionary, human approach toward
actualizing the goals of the creation of man.
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