The Islamic economic system, on the one hand, aims to guarantee individual liberty, freedom of choice, private property and enterprise, the profit motive and possibilities of unlimited effort and reward. On the other hand, it seeks to provide effective moral filters at different levels of life and aRead more
The Islamic economic system, on the one hand, aims to guarantee individual liberty, freedom of choice, private property and enterprise, the profit motive and possibilities of unlimited effort and reward. On the other hand, it seeks to provide effective moral filters at different levels of life and activity and established institutions in the voluntary sector, as well as through state apparatus to ensure economic development and social justice in the society.
Islam does not prescribe a particular economic system but provides the core elements and principles, which form the basic philosophy of a system or an economy. Islam provides primarily normative principles for economics and finance. However, it is not devoid of positive economic statements or hypotheses. Several areas of economics are truly positive and cannot be different in an Islamic or in any other framework.
This verse of Quran gives the simple proof of Only One God: Quran - Surah No. 21 الأنبياء Ayah No. 22 أَعُوذُ بِاللّٰهِ مِنَ الشَّيْطَانِ الرَّجِيمِ بِسْمِ اللّٰهِ الرَّحْمٰنِ الرَّحِيْمِ لَوۡ كَانَ فِيۡهِمَاۤ اٰلِهَةٌ اِلَّا اللّٰهُ لَـفَسَدَتَاۚ فَسُبۡحٰنَ اللّٰهِ رَبِّ الۡعَرۡشِ عَمَّا يَصِفُوۡنRead more
This verse of Quran gives the simple proof of Only One God:
Quran – Surah No. 21 الأنبياء
Ayah No. 22
أَعُوذُ بِاللّٰهِ مِنَ الشَّيْطَانِ الرَّجِيمِ
بِسْمِ اللّٰهِ الرَّحْمٰنِ الرَّحِيْمِ
لَوۡ كَانَ فِيۡهِمَاۤ اٰلِهَةٌ اِلَّا اللّٰهُ لَـفَسَدَتَاۚ فَسُبۡحٰنَ اللّٰهِ رَبِّ الۡعَرۡشِ عَمَّا يَصِفُوۡنَ (22)
Translation:
See lessHad there been gods in them (the heavens and the earth) other than Allah, both would have fallen in disorder. So pure is Allah, the Lord of the Throne, from what they describe.