Monday, June 13, 2016

Islamic economic system: from principles to microeconomics and macroeconomics fields (45)

Continuation
There is in the philosophical sense no intrinsic wealth, although the right of inheritance:
ü is protected;
ü and specifically prescribed under Sharia,
which allows for the:
o   preservation of property;
o   its devolution;
o   and accumulation.
Nonetheless, there is the implied premise that wealth should be legitimized through work.
In addition, wealth must also be used for good of others:
§  such as the needy;
§  and for the community as a whole.
The greater one's wealth and power, the greater is the responsibility to use them properly.
In many respects work is considered a form of piety.

Used from paper of Abdul Ghafar Ismail and  Noraziah Che Arshad

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