In order for us to be free from confusion and clear the vision, we should put the reader’s finger on the point of convergence and separation and ask about the concept of Islamic economics and its position among the many economic concepts.
The Islamic economic system in its principles - not in many of its societies - is a moderate middle system that is unfair individual, nor an extremist group that has not imprinted with the character of capitalist extravagance, nor with communist oppression combine the element of competition with the advantage of digging up the weak. Societies, if they adhere to its law, proceed in moderation and balance to achieving social justice and equality. According to which individuals and groups are equal in duties and rights, taking the interest of the individual taking it in the interest of the group. So that one side does not rise at the expense of the other or one right overrules the right, or one interest prevails over an interest.
Economics word a general word, its concepts are not specific, as manifested in the capitalist doctrine, which focuses on private ownership, production conditions and its factors, and that the freedom of a for one, taking care of his personal interest, thus preserving the element of competition, which is the main engine in the development of production… And the communist doctrine, which focuses on collective ownership, the system of distribution, and nations of private property, caring for the interest of the group, extirpating the needy class…While we see the Islamic economics proves private ownership within the limits legitimate legal, collective in the person of the state, or a tribal or local group …
And it means production and the conditions of acquisition, its concern for distribution, and the manner of consumption, combining between the element of competition that drives production, and the liberation of the needy class, which is guaranteed by the right to zakat and the like.
Hence, it becomes clear that economic concepts are not identifiable, except through each direction or doctrine separately. It was defined in Islamic economics – linguistically, originally and legally – by adopting the approach of moderation and moderation, as is taken from the words of the Prophet, as Imam Ahmad narrated in his Musnad: The Sharia is the person who is known for good management and balancing between resource and expenditure.
In his financial policy, he strives to mediate between excess and negligence… In spending he is neither extravagant nor stingy, and in production he proceeds at a balanced pace that guarantees success and protects against the consequences of improvisation, so you see all his actions It is imprinted with the kindness that Islam brought… and what is said about the individual is said in the family and the state…
From principles of islamic economics
-Money development and frozen money promotion.
-Law supply and demand, as will become clear when analyzing the theory of value, adopting work as the basis for acquisition, and encouraging the competitive element in the field of production and work.
-Freedom of ownership, and the freedom of production and consumption, and freedom of trade and transactions, provided that they are in the limits of Sharia and law far from infringing on the rights of others .
-Pay the wages in full and without delay, and the messenger ordered that the wage-earner be given his wages beforedries up his sweat.
-There is no acquisition or benefit from the money of others except by work, return, compensation, or good will .bribery or favoritism nor privilege, nor abuse of influence, nor institutions of temptation and vice, and man does not take advantage of his fellow man.
-Encourage international exchange between muslims and foreigners a like.
The researcher is neutral in nature, working to obtain results from the results, and not make it. His credibility is to avoid assumptions and perceptions, let his research create himself, and pronounce his results, with every text or opinion referred to its source
The field economics
The field of economics is a vital field that has weighed down in life, attracted global thought and its problems rattled the countries and societies due to its severe impact and its importance not only with regard to study , but with regard to life and its importance appear in the connection of human life and its material destiny to its wheel, Because it is indispensable for an individual or a family or A group or a state … A nation may live without literature or philosophy, but it does not live without resources that secure its life and guarantee its continuity … And before we find its members thinking about entertainment and luxuries, we find them thinking about the necessities of life.
The concept of the word economics and the nature of the main trends under it
The word economics, a word used by the private and public, to the extent that its use unlike many sciences – has gone out of the scientific framework and made its way to popular circles.
That is because it linked to a vital reality that imposed its presence and dominance over the lives of individuals, families, states, and societies …
It helped in its circulation and popularity that everyone believed that economic progress was the basis or measure of general progress. Their meanings and concepts near and far, have not defined, nor have they scientifically or legally controlled, and they differ in the past and the present, according to the different trends of the economic doctrines and the extent of their relationship to the political and social doctrines and the goals envisaged behind them. As a model for this difference, we take a brief picture of the character that marked the main economic trends or systems represented in the capitalist, communist and Islamic direction.
Islamic Economics ebooks
Islamic economics approach to wealth production and consumption -edition arabic-
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