Islamic economic system: from principles to microeconomics and macroeconomics fields (17)

e. Principle of Justice

The authors note:

Islamic principle of justice operates in every sphere of human activity, may it be:

ü legal;

ü social;

ü political;

ü or economic.

Islamic economic system, in fact is based upon the principle of justice which governs all the basic aspects of economy like:

o   production;

o   distribution;

o   consumption;

o   and exchange.

In the sphere of production, Islamic principle of justice ensures that nobody is exploited by the other and that nobody acquires wealth by unjust, unfair, unlawful and fraudulent means.

Used from paper of  Abdul Ghafar Ismail and  Noraziah Che Arshad