This Deen, (Allaah's way of life),
also covers politics, and economics. As it is based on worship and jihaad, so the
foundation of its economy has also been laid on Sharee’ah. It is balanced, neither
more nor less, but it is just balance. It is neither capitalistic, nor based upon cruelty,
oppression or egression. It does not believe in an economic system which does not avoid
acquisition of forbidden and unlawful things and gathers wealth unscrupulously by hook or
by crook. Its economic temperament is neither communistic, nor atheistic that does not
respect private wealth, and does not hesitate to commit excesses and atrocities upon
people, rather it is a balanced system and following a middle course. The people of the
West considered wealth everything and exceeded all limits to acquire the same; they
gathered wealth through all means, lawful and unlawful, and rushed towards the things
which are forbidden by Allaah. In the East, Soviet Russia and those who follow its system
are atheists. They do not respect an individual's private property and seize it from the
people forcibly, without any compunction for the excesses committed by them, but on the
contrary, enslave other nations, brought ruin upon others, refused to recogonise any
religion or the existence of God, and proclaim that there is no God, and that matter is
everything. So they took forcibly the wealth of- all persons without any justification.
They did not feel any pricking of conscience in ruining people and destroying their
wealth, they did not consider worthwhile (the benefits of) the menas of lawful earning
that God has sanctioned, and has allowed in the earnings by means of hand, profits,
exploitation of natural resources or through the application of reason (or knowledge of
technology.) Islaam's economic system is diametrically opposed to the communistic theory,
stands for the protection of property, and teaches (us) to earn through lawful means.
According to Islaam usury is strictly forbidden; it also prohibits taking of one's assets
forcibly. It respects and recognises the sanctity of personal property and also respects
inviolability of the collective wealth. Islaam creates a liaison between individual and
collective economic relations; and presents a simple, balanced and moderate economic
system before those who believe in usurpation and employ excessive methods in taking the
wealth of others. Islaam has declared possession of wealth lawful, and has invited to
acquire it, but in a judicious way, which may not hamper a person from his obligations to
Allaah and His Prophet ().
Almighty Allaah has declared in the
“And eat not
up your property among yourselesin vanity.” (2 : 188)
The Prophet of Allaah () said:
"A Muslim's property, his
blood., and his honour is forbidden to another Muslim."
Again the Messenger of Allaah () said:
"Indeed your blood, your
wealth and your honour are forbidden to each other, as the importance and the sacredness
of this day in this month, and in this city."
And the Messenger of Allaah () further said: "Surely, the person
who brings a bundle of wood duly tied down on his back and sells it, and this besmears
this hardship on his face, is better than to beg before others, quite possible they may
give him or may not.”
The Prophet of Allaah () was asked:
"Which type of earning is
the best?" He () replied: "The
earning by hand and (one through) fair trade."
The Messenger of Allaah () further said:
"No food is better than the
one earned through ones hands, and the Prophet of Allaah Daawood (A.S.) ( the Prophet
David) used to earn his living by means of his hand".