Thursday, November 12, 2015

Economic system in Islam (22)

Continuation
3. Seizing lands and national resources which are not under exploitation by their owners.
There is a well-known Islamic rule in this respect:
"Land is for whoever cultivates it."
4. Preventing accumulation and storage of money which is not utilized in the national production.
Here the author notes from Quran:
"And there are those who bury gold and silver and spend it not in the way of God: announce unto them a most grievous penalty."
Quran, 9:34
5. Protecting the hereditary laws which help in distributing the person's wealth among his relatives, which is a big action against capital inflation.
"Allah enjoins you concerning your children: the male shall have the equal of the portion of two females; then if they are more than two females, they shall have two-thirds of what the deceased has left, and if there is one, she shall have the half; and as for his parents, each of them shall have the sixth of what he has left if he has a child, but if he has no child and (only) his two parents inherit him, then his mother shall have the third; but if he has brothers, then his mother shall have the sixth after the payment of a bequest he may have bequeathed or a debt; your parents and your children you know not which of them is the nearer to you in usefulness; this is an ordinance from Allah: Surely Allah is Knowing, Wise.
And you shall have half of what your wives leave if they have no child, but if they have a child, then you shall have a fourth of what they leave after (payment of) any bequest they may have bequeathed or a debt; and they shall have the fourth of what you leave if you have no child, but if you have a child then they shall have the eighth of what you leave after (payment of) a bequest you may have bequeathed or a debt; and if a man or a woman leaves property to be inherited by neither parents nor offspring, and he (or she) has a brother or a sister, then each of them two shall have the sixth, but if they are more than that, they shall be sharers in the third after (payment of) any bequest that may have been bequeathed or a debt that does not harm (others); this is an ordinance from Allah: and Allah is Knowing, Forbearing"
Quran, 4:11-12
Used from paper of Abdul Husain Muhammad

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