ISLAMIC ECONOMIC SYSTEM 1. Content 2. What is Economy? 2. What is Economy? 3. About the Subject 3. About the Subject 4. Man made Economy vs Islamic Economy.

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Presentation transcript:

ISLAMIC ECONOMIC SYSTEM

1. Content 2. What is Economy? 2. What is Economy? 3. About the Subject 3. About the Subject 4. Man made Economy vs Islamic Economy 4. Man made Economy vs Islamic Economy Salient Features of Islamic Economic System Introduction of Islamic Banking Concept of Money in Islam

The state of a country in terms of the production and consumption of goods and services and the supply of money. Careful management of available resources. What is Economy?

About The Subject Constitutes 50% of our life Divided the World based on Economy Two Isms emerged and influenced Capitalism Communism

Man made (Western) Economy VS Islamic Economy Separated from system of life Based on Human experience Subject to changes No Mission Selfish No Accountability Part of a System of life Given by the Creator Unchanged & Sound Principles Mission Based Justice Accountability - 2 questions WESTERNISLAMIC

Concept of Money in Islam It’s a Blessing It's a Amanah Money is not a commodity to buy & sell Money should pass through the economy

Salient Features of Islamic Economic System Link between Have & Haven't Collective Zakah System Prohibitory Orders: Riba, Gambling, drugs etc Should not circulate only among the wealthy people

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