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Islamic Economic System Overview

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Fawad Kiyani
Fawad Kiyani

This document provides an overview of the Islamic economic system. It discusses the ideological basis of Islam compared to capitalism and socialism. The Islamic approach balances rights to private property with equality and justice. Key aspects of the Islamic economic system include equitable distribution of wealth through zakat and prohibitions on interest to prevent concentration of wealth. The goal is for a spiritual and legal system that allows market forces within divine restrictions to ensure fair circulation of resources.

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ISLAMIC ECONOMIC SYSTEM … AN OVERVIEW
ISLAM – The Complete Code of Life ,[object Object],[object Object],[object Object]
Every system has two parts: ,[object Object],[object Object]
THE IDEOLOGICAL BASIS ,[object Object],[object Object],[object Object],[object Object]
DIFFERENT ECONOMIC SYSTEMS … A REVIEW
Two known Economic Systems ,[object Object],[object Object],[object Object],[object Object]
THE ISLAMIC APPROACH: BALANCED VIEW ,[object Object],[object Object],[object Object],[object Object],[object Object]
SOCIALISM : … An Overview ,[object Object],[object Object],[object Object]
SOCIALISM : … An Overview ,[object Object],[object Object],[object Object]
CAPITALISM : … An Overview ,[object Object],[object Object],[object Object]
CAPITALISM : … An Overview ,[object Object],[object Object],[object Object],[object Object],[object Object]
CAPITALISM: A FAILED PROJECT ,[object Object],[object Object],[object Object],[object Object]
ECONOMIC SYSTEM OF ISLAM
THE POLICY STATEMENT OF ISLAM: JUSTICE ,[object Object],[object Object],[object Object],[object Object]
THE OBJECTIVES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
TWO DIMENSIONS ,[object Object],[object Object],[object Object],[object Object]
SPIRITUAL SOCIALISM ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
LEGAL SYSTEM ,[object Object],[object Object],[object Object],[object Object]
CONTROL AND INTERNAL MANAGEMENT ,[object Object],[object Object]
EQUITABLE DISTRIBUTION OF WEALTH ,[object Object],[object Object],[object Object],[object Object]
THE CIRCULATION ,[object Object],[object Object],[object Object],[object Object],[object Object]
OTHER MEANS FOR CIRCULATION ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Process of Earning Subject to Divine Injunctions ,[object Object],[object Object],[object Object]
Process of Earning Subject to Divine Injunctions ,[object Object],[object Object],[object Object],[object Object],[object Object]
DIVINE INJUNCTIONS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
IMPACTS OF INTEREST
IMPACTS OF INTEREST ,[object Object],[object Object],[object Object],[object Object],KEYNES ON INTEREST:
IMPACTS OF INTEREST PAKISTAN 5 16-17 1985 13 5 1965 Savings % Interest % Year
IMPACTS OF INTEREST ,[object Object],[object Object],PAKISTAN Poverty Economic growth Year 50% 3.3% 2000 40% ,[object Object],1990 30% 6.5% 1980
THE REAL TASK AHEAD ,[object Object],[object Object],[object Object]
QUAID’S QUOTE ,[object Object],[object Object],[object Object]
QUAID’S QUOTE ,[object Object],[object Object],[object Object]

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Islamic Economic System Overview