Islamic economic system

Discussion in 'Social & Current Events' started by 1 ummah, Mar 11, 2011.

  1. 1 ummah

    1 ummah FULL MEMBER

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    Jizya, Khiraaj have sharia evidence thats why there case is separate. Non Muslim pay khiraaj but not Usher. As Usher is zakat of crop, which only Muslim pay. ( i will have to refer to the book to confirm).
    As for Mozariat, Its haraam so our views carry no weight. Mozariat is done in agriculture where one person cultivate the land of other and they share the crop. This is not permitted. A person must cultivate his land by himself or by employees. Employees get full salary irrespective of the status of the crop
     
  2. 1 ummah

    1 ummah FULL MEMBER

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    it has been narrated from ‘Umar ibn Al-Khattab that he
    passed by an old man from the Ahl az-Zimma begging from the people. He
    said to him, “what forced you to do that?” The man said, “The Jizya, old age
    and need.” So ‘Umar said to him, “We have not done justice to you, as we
    have taken Jizya from you in your youth then we have failed you in your old
    age.” He took him to his house and gave him something to eat. Then he sent
    him to the treasurer of the Bait ul-Mal and ordered him to stop taking Jizya
    from him and to give him from the funds of the Bait ul-Mal
     
  3. 1 ummah

    1 ummah FULL MEMBER

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    Hisham b. ‘Urwa narrated from his father that ‘Umar b. al-Khattab passed
    in the road of Ash-Sham, while returning from his journey from Ash-Sham,
    by people who had been forced to stand in the sun with oil being poured
    onto their heads. He said: “What is the situation of these people?” They
    said: “They have not paid Jizya due on them. So they are tortured till they pay
    it.” ‘Umar said: “What do they say and what is their excuse is for not paying
    the Jizya?” They said: “They say, ‘We do not have it.’” He said: “Leave them
    and do not impose upon them what they cannot afford, for verily I heard the
    Messenger of Allah  say: “Don’t torture the people, as the one who
    tortures them in this world will be punished by Allah on the Day of
    Judgement.”
    He (‘Umar) ordered that they be released. And it was related
    from the Messenger of Allah  that he appointed Abdullah b. Arqam over
    the Jizya of the people of Zimmah and when he was leaving, he  called
    him back and said: “Surely, whoever oppresses a person under covenant
    (Mu’ahid) or imposes upon him more than he can afford and
    humiliates him or takes anything from him without his consent I will
    challenge him (i.e the oppressor), on the Day of Judgement.”
     
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  4. DelhiDareDevil

    DelhiDareDevil SENIOR MEMBER

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    Is it true that most islamic bank accounts are dominated by indian firms?
     
  5. desioptimist

    desioptimist SENIOR MEMBER

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    This is like investing in stocks. Or venture capitalist funding your project. Usually he will ask higher return as the risk is higher.
    In islamic system, I, who is borrowing money has no option to choose between borrowing money without strings attached and borrowing money from somebody who may have so many conditions(e.g. vc)

    Same problem on lender side.
     
  6. Muhammad-Bin-Qasim

    Muhammad-Bin-Qasim SENIOR MEMBER

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    LOL... Hindu Banya always thinks about Sood...

    Abay Jack Sparrow... Inflation is not an issue when you deal in Gold... with all your talk about economics, I expected you to know this bit?? LOL
     
  7. tashfain

    tashfain MEMBER

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    well Jack u were asking about government sources of income so first of all you have to understand that Islamic economy can not be implemented alone.It will show its full potential only when a khilafat will be implemented.
     
  8. tashfain

    tashfain MEMBER

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    In Islam,Sources are Zakat,usher,Jaziya,Al kharaj. and they are enough to run state tasks.
     
  9. tashfain

    tashfain MEMBER

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    1 Ummah
    thanks a lot for sharing such a wonderful book on funds in khilafah state.I'll definitely read it for more in-depth information.

    All
    Islamic economic system, is not a separate entity from Islam.For a successful Islamic system we have to implement all systems of Islam i.e. Economic system,Judiciary,Foreign Policy,Education system,Social system.
    If we will try to implement Islams economic system only and not other systems.we'll fail terribly because in QURAN,ALLAH(SWT) says that, You accept some parts of deen and rejects others.so for such people there is humiliation in this world and punishment here after.so If Islam needs to be implemented,it has to be implemented fully.

    Jack,Ashok.
    Islamic economic system is different because of the definition between Capitalism and Communism.
    Capitalism says that resources are limited so earn as much as you can before it runs out and this led whole basis of Capitalist economics.
    Islam says that resources are immense and will not end and ALLAH has taken responsibility to feed every single living creature on this earth.ALLAH will provide the sources and we just have to administer it and for that too ALLAH has given the laws that leads to Islamic economic system.

    Also Capitalism and communism has many things from Islam but that doesn't mean that we compare Islam with thee evil ideologies.Communism and Capitalism arose by constant subjugation by church and both are failing or have failed.It is only a matter of time when khilafat will come and world will witness a new economic system free of interest.

    I'll answer your questions but you have to think out of the box. Islam can never fit in this Capitalist ideology.Islam is unique and its structure is different than whole world.Our values are different.Our freedoms are different and we don't share any values identical to the world so if you want us to change our religion in a way to suite this 21st century sorry we cant do that.however we can bring khilafat and can show the world that Islam can solve each problem of this human race.
     
  10. desioptimist

    desioptimist SENIOR MEMBER

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    You still did not answer the basic question. Where will the govt get money from? The type of money you are talking about is a fraction govt earns now.

    Try as many quotation as you want, but when you are proposing an alternative system, which is supposedly better, please at least show how it works.
     
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  11. CaptainJackSparrow

    CaptainJackSparrow SENIOR MEMBER

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    Ask them a simple question and they come up with something theological.

    They have no idea of what they're talking about. For example, look at this guy:

    He says X, Y and Z will be enough to run the state but how? He won't say.

    Moreover, even X, Y and Z are nothing but either taxes or investments like good old FDI i.e. old wine in new bottle.

    What's new that they propose? Well, even they don't know that.
     
  12. secretservice

    secretservice SENIOR MEMBER

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    You dont need to understand this system because you have nothing to do with it....better dont argue .:angry:
     
  13. desioptimist

    desioptimist SENIOR MEMBER

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    If the system is better than the current system, should we not reveal to everybody, so that mankind can benefit from it.
    Also, should we not discuss and debate to figure out why and how it is better, so that we can convince everybody to implement it.
     
  14. Realist

    Realist FULL MEMBER

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    Idealism all over the place here
     
  15. CaptainJackSparrow

    CaptainJackSparrow SENIOR MEMBER

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    :lol::lol::lol: