Professional Documents
Culture Documents
Islamic Financial
System
Islamic Economic
System
Chapter 1
Economics System in Islam
What is Islamic Economics?
What are the principles upon which Islamic
Economy, its monetary and financial systems
function?
Private or Public
Material or Spiritual.
Islam has given a complete system of lifestyle,
Earning, Expenditure,
Business, Relationship &
Legal Framework.
Right of employees
Religion-Language-Color or Sect
Islamic Economic system is
based on four principles
All wealth belongs to Almighty Allah
Man is the trustee of the wealth
time
For any activity and for all purpose,
Islamic Economic demands three
main principles to be followed by
an individual in his day-to-day
affairs and problems.
IJMA (Gathering),
QYAS (Discussion)
AMAL (Act).
Islam specifically considers
distribution as economic problem.
It differ to application of capitalists
ownership
The principle of economic