The authors continue with Quran.
Allah declares:
"O! you human beings, pray your own Lord (The Nourisher)
who created you and those before you (i.e. the Genies) so that you may fear
Him.
It is He Who made this Earth as a bed for you and the sky as
a canopy for you, and He causeth the rain and creates different types of fruits
and corns from it, so that you may consume them (as your provision).
Hence, do not make any copartner with Him; and you know it
better."
Al-Baqarah:
21 and 22
Some of the principles of the Islamic economic system, as
laid down by the Qur’an and the Sunnah, are discussed as follows:
a. Allah determines
Right and Wrong
Islamic economic system should principally, first, makes
distinction between what is permitted being lawful (Halal) and what is
forbidden being unlawful (Haram), also harus, compulsory and makruh.
To determine what is permitted or lawful (Halal) and what is
forbidden or unlawful (haram) is the soul prerogative of God.
Used from paper of Abdul Ghafar Ismail and Noraziah Che Arshad
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