Wednesday, February 17, 2016

Islamic economic system: from principles to microeconomics and macroeconomics fields (18)

The followers of Islam have been allowed to acquire wealth through just and fair means.
Islam admits the right of every individual:
ü to earn his livelihood;
ü to acquire wealth;
ü to own property and live a comfortable life.
But it does not allow that people should amass wealth through:
o   bribery;
o   corruption;
o   embezzlement;
o   stealing;
o   robbery;
o   gambling;
o   trade in narcotics;
o   exploitation;
o   interest;
o   fraud;
o   hoarding;
o   black marketing;
o   prostitution;
o   malpractices in business;
o   immoral professions or through other unjust methods.

Used from paper of  Abdul Ghafar Ismail and  Noraziah Che Arshad

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