ISLAMIYAT PRESENTATION

Objectives of Islamic
Economic Order

Areebah K
Why Economics?
 Capitalism

Types of
Socialism
Economies
Islamic Economics
 What is Islamic Economics?

"Islamic Economics represents a systematic effort to

try to understand the economic problem and man’s
behaviour in relation to that problem from an
Islamic perspective"
 Universal Equitable
brotherhood distribution of
Objectives and justice income
of Islamic
Freedom
Economics Economic
of the
well being
individual
 Concept of universal
brotherhood is mutual
cooperation
Universal

brotherhood
and justice Two types of Justice:
Social and Economic
 Discrimination
Man's worth
Corruption
Social Justice

 Unemployment
Wage (ideal wage)
Inequalities
Economic Labour timing
Employer and
Justice
employee economic
relationship

 Standard of Living
Equitable Obligation on rich people
income
distribution Redistribution consist of 3 parts
Assistance to unemployed people

Zakat
Division of the estate of a deceased
person

Extremist view point on absolute

equality of wealth
Economic Sustainable Equitable
economic distribution of
objectives growth income

Efficient Full
Price
allocation employment
stability
of resources

 Universal Equitable
brotherhood distribution of
Objectives and justice income
of Islamic
Freedom
Economics Economic
of the
well being
individual
 Implications in Islamic
Economics
Islam recognizes a limited but important role of
government in an Economy. An Islamic government
steps into an economy only when the market fails to
operate on its own. According to Islam, there is no
role of government under capitalism as the invisible
hand takes of the market.