As a
result maximizing self interest becomes the main objective people enter into
economic exchanges.
Besides
of that, this phenomenon leading up to the hedonism where people are encouraged:
§
to accumulate wealth;
§
and pursue prestige.
Rich
people do not oblige to help the needy and the poor.
The gap between
wealthy people and underprivileged eventually results to imbalance in the society.
Unlike
mainstream economics, the worldview of Islamic system has centred on:
o
Tawhidic Paradigm that is believe in the oneness of
Allah the Most Magnificent and Powerful;
o
and human beings are subjected to His judgment in
the life hereafter.
The
Muslims believe that they are always monitored by Allah and have to take full
responsibility for their actions in this world.
to be continued...
Source: Islamic Science University of Malaysia
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