The economic system of Islam (5)

The basic source of the Shariah in Islam is the Quran and the Sunnah.

These include all the necessary rules of the Shariah as guidance for mankind. 

The Sunnah further explains these rules by the practical application of Prophet Muhammad, may the mercy and blessings of God be upon him. 

Five sources:

-      the Quran;

-      the Sunnah;

-      consensus of the scholars;

-      analogical reasoning;

-      and textual reasoning

constitute the components of the Shariah, and these components are also used as a basis for governing economic affairs.

Justice

In summary, we can say that the Islamic Economic system is based upon the notion of justice. 

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