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The Economic System in Islam

It also discusses the different types of currencies (Nuqud) and what occurs in them of Riba, exchange and what is obliged from them of Zakat.

Finally it discusses the foreign trade and its rules. The sole sources in adopting the rules mentioned in this book are the Book of Allah and the Sunnah of His Messenger (SAW) and what they directed to, namely analogy and Ijma’a as-Sahabah. No other source is taken in adopting these economic rules.

 

The book introduces the reality of the capitalist and socialist, including (communist) economic systems and their refutation, explaining their defects and contradiction with the economic system of Islam. This book was reviewed prior to printing the new edition with only minor corrections. Careful attention was spent in reviewing all the Ahadith mentioned which were proven according to their narrators in the books of Hadith.

This book, to its credit, has created amongst Muslims a great awareness of the Economic System in Islam. We ask Allah that He  spreads its favour and enables Muslims to place its rules into action in a State ruling them exclusively with that which Allah (SWT) has revealed.

23rd Safar 1410 Hijra
23/9/1989

 

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