Sunday, January 24, 2016

Islamic economic system: from principles to microeconomics and macroeconomics fields (9)

Quran:
“At another place, the revealed book of Islam states:
“So eat of the lawful and good food, which Allah hath provided for you, and thank the bounty of your Lord if it is Him ye serve……..”
Quran: 16:114
However, the principle of use should not be over stretched so as to indulge in extravagance and wastage of economic resources.
The Qur’an brings home this point when it addresses mankind:
“O children of Adam!
Look to your adornment at every place of worship, and eat and drink, but be not prodigal Lo! He (Allah) loveth not the  prodigals.”
Quran: 7:31
All things have been created by Allah for man’s use and service.
To restrain oneself or forbid others from the enjoyment of lawful items of food and other articles of use tantamount to renouncing the blessings and favors of Allah which has been strongly condemned.


Used from paper of  Abdul Ghafar Ismail and  Noraziah Che Arshad

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