Inqilab-Economics
“Bismillahir Rahmannir Raheem”Al-Hamdu Lillaahi Rabbil ‘Aalameen was Salaatu was- Salaamu ‘Alaa Sayidinaa Muhammadin wa Aalihi wa Asabihi Ajma ‘een (tauheed- risalat- ahkirat and islam-iman-ihsan)
Economics in islam
WORLD ECONOMIC
World is unipolar (dominated by some alliances)
No clash of civilization in future ,it will be clash of economic interest.
Older days=clash of civilization AND future days =clash of economic interest
Stable economy/country will survive.
World political dominance is purely economic stability.
Government in unislamic/kuffar countries is based on interest ,so what ever schemes /projects/programmes are from interest money like pension/social savings/ incentives/ medical/salary/educational allowances etc etc
Government funds by investing in haraam/halaal services and gives it back to people.
Non Islamic /kuffar countries are financially strong =interest loans+tax payment
CONCEPT OF WEALTH IN ISLAM
Wealth is amanat /trusteeship in islam
Wealth is responsibility ,allah will question you.
Deed in islam =Niyyat /intention+ process /way of earning.
Wealth is amanat/trusteeship but people started using wealth as a malik/ownership.
Wealth is amanat not ownership(enjoy profit out of wealth and passed it on to others).
Spend wisely to please allah alone.
…This distribution system is to ensure) that (the whole wealth) may not circulate (only) amongst the rich of you (but should circulate amongst all the classes of society). 59/7
WEAKER ECONOMY OF MUSLIM WORLD
We have left socio-political-economic-educational aspects of islam .
Religious steadfastness/isteqamat e deen =is by socio-economic-political-educational reforms.
Remove poverty for pious ibadat.
We have made essentials of deen as mustahab/allowed/preferred.
Islamic principle will not stand longer with out socio-political-economic-educational revolution.
1.No owsnership-only trusteeship/amanat
2.cultivation/productivity belongs to all
3.wealth belongs to all (poor are part of your wealth)
4.basic rights(food/clothing/housing/educational/medical) belongs to all(variation/darjaat comes next).
5.government/state is responsible for basic rights.
ECONOMIC POLICIES IN ISLAM
Keep rotating money/goods (don’t keep for longer time with you)
Don’t stock goods till demand rises.
Distribution of resources and justice (deserving people)
Recognisation of good work.
No hiring /firing based on ego/nafs.
No monopoly in business(funding more loan to monopoly organizations)
No concept of rich becoming richer and poor becoming poorer.
Give more loans to smaller enterprises.
Productivity from earth=belongs to all
No discrimination in employment.
Employment/unemployment =its government duty to sort out.
Maintain balance between revenue and expenses.
Collective interest is more important than individual interest .
Trutfullness/honesty for business to florish.
ECONOMIC SECURITY
Rizq e halaal is through economic programmes .
Wealth must be in circulation not stationed
Collection of zakat/sadaqa and its distribution.
Avoid selfishness (give others their due)
Employers/businesses must have own zakat funds
Relief programmes to people in distress.
Interest free loans/paying of debts of a person
Stipends/pensions
Employment schemes
State is responsible for financial assistance/inheritance laws/compensation to victim/blood money/ransom
Distribution of war booty with/without fighting.
REASONS FOR ECONOMIC REVOLUTION/INQILAB
Allah has filled the earth with sustenance for all but corrupt people have looted .
Allah did not make you poor ,dominating people in the society have made you poor.
Rich people are responsible for economic inqilab/revolution.
Even poor has right over your money.no ownership its only trusteeship in islam.
Uplift economically weaker sections
No political power =minority
No economic stability=poor/weaker sections
No social security=lives/wealth is at stake.
TREATMENT/GUIDELINES
Political/economic stability makes society Islamic.
Funding to please Allah alone (family / protecting wealth-lives of muslim/socio-political-economic causes/ deeni works etc)
Quranic angle =inqlab/revolution AND fiqhi angle= helps after inqilab
Government must provide halaal openings/employment schemes.
Earnings/spending must be balanced.
Society must be hardworking .
Government/state must provide during emergency.
Loans must be waived off during crisis/emergency.
Rotate wealth/money among your family/relatives/friends/neighbours
Wealthy people must invest and provide employment/fund for socio-economic-political-educational stability.
Create an environment for ease or an alternative /bring changes in the muslim society, then implement the sharia laws .
For ex- When Islamic society was created after fatah makkah ,interest was declared haraam.
Life and wealth belongs to allah
Spending wealth=jannah
Spending life=allah’s deedar/sight
Fasting/saum=allah himself
Always leave home with intention of shahadat/martyrdom .
First spend wealth because only few get opportunity to sacrifice life for allah’s sake.
ROLE OF FIQH/JURIPRUDENCE IN MODREN TIMES.
In kuffar countries where situation is different ,it’s a ijtihad/research issue or fiqhi masala(muslims are minority).
Implementation of Islamic law is suspended for some time in kufr countries .
Sharia rule enforced/suspended in a kufr country.
Muslims are under exemption in a kufr country.
Haraam is haraam but exemption till Islamic law is implemented.
Fiqh/jurisprudence changes with respect to time/place.
For example –qasr namaz/saving life/qisas etc etc
Fiqhi books are based on ijtehad of their generation (act as a reference for present generation)
Ijtehad/Research on fiqhi issue is a must for present generation.
No new mazhab as it creates fitna but continue research/ijtihad.
Riba/interest was not discussed much ,as fiqhi alims were not used to it because they were in islamic countries.
Karz e hasana/sadaqa is a substitute for riba/excess.
Latest banking needs to be discussed under fiqhi issues.
MUSLIMS IN KUFFAR COUNTRIES
Strong immigrant muslims helping muslim world
Using policies of kufr countries.
Using Islamic exemptions .
Allowed/mubah to use the unislamic countries economic policies.
Taqwa is in avoiding these unislamic policies in any part of the world but using is allowed in kufr countries
Muslims in kufr countries pay =interest loans+tax payments+zakat+sadaqa
Stay away from doubtful.
Rizq e halaal and haraam is a mixture these days .
Individual state of necessity and collective state of necessity.
Economic survival of muslim as a society is under threat.
When I want to talk to allah I say prayers and when I want that he talk to me I recite quran- Hazrath Ali(ra)
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