Difference between revisions of "Islamic Economic System by Muhammad Naeem khan"

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DOCUMENT KEY POINTS

• araf a O o o aeo o oe Y o o R o uaaeo oeae u o C oe aeo o oa oe Yaeo o a a aea o a a o a uaaea oeu a a o a o oe Y o o a o a i oe uaeo C o ao oess o ae o uss o o u o io u ao a a aea o a a oe a aa u o a a a a o u a aa a a oe a ia o a aa a a o a a a a a ia a a oe a a a a when a man gets in trouble he cries for help of allah and when he is granted favors he says i have got it due to my knowledge
• nahal a oeaio u a o ss u oe i o c o ss u a o a oo o a o a o u a o a o o o o o u a o a ss u o u a oe a a o u a o a o o ao oe i o oao ss u o R ao oe a and allah has made you successors in the land and raised some of you above others in different levels to test you for what is given to you

• a a a a u a ae a o hajja a a aea a a noora a a o u ae o u io u a a a o a a a Rao u ui oe oe u a a ooa

• thus allah makes clear to you his revelations in order that you tauba may ponder

• a man came to the prophet pbuh and said o messenger of allah if i was killed in allah s cause observing patience awaiting allah s reward attacking not retreating would allah forgive my sins the prophet pbuh said yes except for the debt

• narrated jabir ibn abdullah allah s messenger cursed the accepter of interest and its payer and one who records it and the two witnesses and he said they are all equal muslim
• reported that the prophet said a time will certainly come when none will remain who will not devour usury

• stock exchange transactions interest based trade load taken given at interest risk capital investment at with security against fully profit loss work public insured property margin benefit limited liability is an exclusion financing public benefits gambling does the activity lead to profit loss without efforts at the employment resource expense of someone else generation or brings harm to the public interest
• primary purpose of the transaction is to make quick money rather than long term investment

• property business plots interest based trade loan taken given at interest risk capital investment at with security against fully profit loss work public insured property margin benefit limited liability is an exclusion financing public benefits gambling does the activity lead to profit loss without efforts at the employment resource expense of someone else generation or brings harm to the public interest as per islamic law house is right of every muslim
• anyone trying to grab the property for the purpose of trade profit making is haram because it is a gamble profit loss at the expense of others and it is also not a business trade as it does not lead to any fruitful business activity which entails hardwork

• allah does not impose upon fatir anyone a oia au a a duty a ae o a o but a u ossa to oa o aa thea uia o a oe uae a nor can a bearer of burdens bear another s burdens if one heavily laden should moto profit extent of hisgrowth ability he gets reward competition call another to bear his load

• banking was conceived in iniquity against natural law and was born in sin for the benefit of rich
• banks were created for taking public deposit and lending at interest and investment in treasury bonds derivatives securities etc

• state is responsible for meeting basic needs of citizens and taking administration legal measure for checking concentration of wealth in few hands
• stop earning money through money and compels people to work and invest money in business ventures

• distribute surplus long term approach a a of wealthwelfare i study of relation of material welfare of individual and general accumulation humanity
• wealth tax a a trusteeship cooperation economics is concerned with it is not

• deficit a u a a a inorganic resources money a ss ae ia a ae i i i a natural resources credit a a profound change in the underlying dynamics a cmoney and credit rather than goods services had become the real economy a cenergy and automation has become real contributor rather than manpower and animals
• major problem of humanity operating under incompatible systems matter a a money a a a natural real economy financial shadow economy operates under operates under unconstrained physical biological constraints compound interest rate growth organic resources taxes a aa a i i i a manpower animals plants gov

• year outstanding us debt debt citizen times of national total now debt clock
• national debt clock us population as of th january current interest rate

• organisations in the west with money to invest especially those which like to consider themselves as being ethical might have rather more to learn from islam than is generally acknowledged

• un natural investing decisions quantities capitalist way islamic way year quantities year quantities year
• under discounting system we need less and less quantities in future to survive

• surely the squanderers of are theof explosion over production over utilization fellows of the devils and the satan over wastage is ever a ss i a ungrateful a aa toa ss a his lord

• world economy at crossroad products industrial economy economy industrial economy employment real paper economy economy economic social principles principles
• economic principles self interest short term focus disconnection from social principles

• modern tragedy of contradictory laws integral system economic it is well that the people of the nation do not understand our banking and monetary system for if they did i believe there would laws be a revolution before tomorrow morning
• henry ford

• that means that of the population is living at an incredibly high level of economic insecurity the earth can no longer support the lifestyle of the cool hunting american style consumer
• we have sought bought spewed and devoured too much too fast too brazenly and now we re about to pay

• s citizen requires energy of persons working round the clock
• march towards destruction each u

• lifecycle is no more sustainable stacked presentation of work done over time in wood united states by labor domesticated animals fuels as a percentage of total horsepower in the economy labor products oil is capitalism s crack cocaine fertilizers pesticides energy is domesticated fuel now animals life blood of domesticated economy animals p
• gever et al

• importance of energy how much human energy is contained in one barrel of oil barrel of oil btus barrel of oil hours of human work output human work cost of barrel of oil rate per hour us hour total cost per barrel equivalent human work switchover is possible only when the oil cost increases barrel or rupees litre http lifeaftertheoilcrash
• net research

• in addition fossil fuels are essential in the construction and the repair of equipment and infrastructure needed to facilitate this industry including farm machinery processing facilities storage ships trucks and roads pesticides gas
• greatest threat to life food scarcity from planting irrigation feeding and harvesting through to processing distribution and packaging

• institute on energy and man june even if the entire mass of the earth were petroleum it would be exhausted in years at increase in rate of consumption
• from the caves to the moon to the caves richard c

• story of past rebels tower of babel a aoia o a i o R oe io Ca o oea a o a a a Ca a a o a aa oe a a o a a a ia o a a oe a a o a a o a a a a o a aea a ssa u o a aa u a a o a a a Ca o o a ia a a u o a a a aea a a oe a aea o oe a o oss a a ia a i o a oe a o o a x u oa o o oe u o o o ao o C o a oe a a how many populations have we destroyed which were given to wrongdoing they tumbled down on their roofs
• and how many wells are lying idle and neglected and castles lofty and well built hajj x period of namrood let us revolt bc

• lease land for living business purposes healing the money system david c
• strengthen the social fabric of family and community destroys itself

• demand durable goods to be made still more durable by being designed so as to be repairable
• get rid of fashion a bio economic disease of the human mind

• and how many a community revolted against the ordinance of its lord and his messengers and we took detailed accountability of their deeds and punished them severely

• power shift people global finance market globalization capitalist deregulation economy economy concentration small local large global people global financial system ownership culture global corporation rules ownership choice culture rules choice local enterprises people source life after the dominance of capital by david c
• hu kg korny altern korten kortpres

• most frequent question is where is modern islamic economic system surprisingly the quran troughs the question back to us create it based on the guiding principles keeping in view needs and deeds of the society
• then keep on modifying it based on the emerging needs of the humanity

Please note, This is an auto generated summary based on sentances position in the document and other factors

DOCUMENT WORD ANALYSIS

Main Category

AlHuda Material\islamic economics

KeyWords

riba cit prohibit legal ibn loan ibid scholar amount exchange meaning commodities hadith usuries sale transact financial increase due forbidden

RELATED DOCUMENTS

Interest in Islamic Economics (Understanding riba) by Abdulk

Islamic Economic System by Muhammad Naeem khan

DOCUMENT REFERENCES

Number of Pages

47

Published Date

2016-09-14 00:28:17

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