What Are The Economic Implications Of Islam?


2 Answers

Nouman Umar Profile
Nouman Umar answered
Islam provides the solution to every problem whether it belongs to personal life or business. Islam says that earn your profits from the trade and commerce, Islam also tell about the protection of the property of individuals. This is also stated by the modern economic that one should care of protection of intellectual property rights.

The property holders are called the trustees they are the people who are assigned the responsibility to protect the property. Islam is more concerned with the fair practice of business and opposed the bad tactics of business. Islam gives the guidance of the Social justice. If a property belongs to any third person, he should be given the profit that is earned out of his property.

Islam says that it is better to do business instead of trade because the ninety percent money comes from business only 10 percent is earned through jobs. If we implement the Islamic teachings in our social and practical lives that would be better for us.

Answer Question