ECONOMIC SYSTEM OF ISLAM

DEFINITION OF ECONOMICS
1. ADAM SMITH… ECONOMICS IS A SCIENCE OF WEALTH
2. ALFERD MARSHALL….. SCIENCE OF HUMAN
BEHAVIOUR
3. ROBBINSON….EFFICIENT MANAGEMENT OF LIMITED
RESOURCES… HUMAN WANTS ARE UNLIMITED…
 IMPORTANCE OF WORK / ECONOMIC ACTIVITIES IN
THE LIGHT OF QURAN AND HADITH…
 CONCEPT OF HALAL AND HARAM EARNING…
 COMPARISON OF CAPITALISM AND SOCILAISM WITH
ISLAMIC ECONOMIC SYSTEM…
‫الحشر‬...... ‫كي ال يكون دولة بين األغنياء منكم‬
IT IS BASED ON THE
CIRCULATION OF WEALTH
 BASIC THEME OF ECONOMIC SYTEM OF ISLAM…
MEASURES FOR CIRCULATION OF WEALTH
1. ZAKAT… ANNUAL BASIS.. 2.5%.. 05 ITEMS
GOLD, SILVER, MONEY, MERCHANDISE, CATTLE

2. FITR
3. CHARITY
4. RANSOM>>>‫فديه‬
5. DIYAT/ BLOOD MONEY 100 CAMEL
6. USHR ‫عشر‬
 7. KHIRAJ ‫خراج‬
8. JIZYA ‫جزيه‬
9. INHERITANCE ‫وارثت‬
10. SPOILS ‫مال غنيمت‬
11. FAE ‫مال فئي‬
12. WILL....1/3
13. ZARAIB/ TAX ‫ضرائب‬
CONCENTRATION OF WEATLH…‫ارتكاز دولت‬
CRIMES IN DEALING
1. RIBA… INTEREST ‫ سود‬،‫ربو‬
‫كل قرض جر نفعا فهو ربو‬
CURRENT
2. GAMBLING…GAMES OF CHANCE
‫ األنعام‬...‫إنما الخمر والميسر واألنصاب رجس من عمل الشيطان‬
3. HOARDING.... ‫ذخيره اندوزي‬
‫المحتكر ملعون‬
4. SPECULATION
5. PROFITEERING
ISLAMIC MODES OF FINANCING
MEEZAN HBL
90 LAC 10 LAC
80 20

1. MUDARABAH>>>>> ‫مضاربه‬
2. MUSHARAKAH.... """ ‫مشاركه‬ DM
3. MURABAHA….‫مرابحه‬
4. IJARA.... ‫اجارة‬
5. TAKAFUL.... ‫تكافل‬

SOCIAL SYSTEM OF ISLAM

STRUCTURE OF SOCIAL SYSTEM IN ISLAM
Family
Marriage
‫سورة النساء‬
3RD RUKH forbidden relation
1. MOTHER
2. DAUGHTERS
3. SISTERS
4. MATERNAL AUNT
5. PATERNAL AUNT
6. BROTHER,S DAUGHTER
7. SISTER,S DAUGHTERS

FOSTERAGE

AFFINITY

FAMILY…INSTITUTION OF MARRIAGE ….FORBIDDEN

RELATION ….
RESPONSIBILITIES OF HUSBSAND WIFE CHILDREN
RELATIVES
NEIGHBOURS COMMUNITY
RIGHTS AND ROLE OF WOMEN IN ISLAM
MASJID

CHARACTERISTICS OF SOCIAL SYSTEM IN ISLAM

 1. EQUALITY OF MANKIND
2. MUTUAL COOPERATION AND BROTHERHOOD OF
MANKIND
3. JUSTICE
4. EQUALITY
5. VALUE BASED SOCIETY
6. TRAINING AND EDUCATION OF INDIVIDUAL OF
SOCIETY
7. ACCOUTNABILITY
8. RIGHTS OF NON MUSLIMS

JUDICICAL SYSTEM OF ISLAM / PUNISHMENT SYSTEM

‫ تعزيرات‬.......‫ قصاص‬.......‫حدود‬...........

HADD… HUDOOD
 1. ADULTRY…. SURAH NOOR… MARRIED….
UNMARRIED
‫رجم‬ STONE DEATH
‫غامدية‬ ‫ماعز‬
4 WITNESS…… CONFESSION 4 TIMES
100 LASHES
2. THEFT… SURAH MAIDA …10 DIRHAM
3. ROBBERY… SURAH MAIDA….. 4 PUNISHMENT
4. DRINKING ….WINE… 80 LASHES
5. FALSE ALLEGATION …80. ‫ حد قذف‬LAHSES …SURAH
NOOR
6. APOSTASY…. 3 DAYS … DEATH

QISAS
DELIBARATELY … DEATH …. MAIDAH
ACCIDENTAL DEATH ….BLOOD MONEY 100 CAMELS..
DIYAT ‫) ديت‬

TAAZIR

QUALIFICATION OF JUDGES
WITNESS )
‫‪ETHICAL SYSTEM‬‬

‫اخالق حميدة‬
‫اخالق رذيلة‬

‫‪IJMA …. IJTIHAD ….‬‬ ‫‪QIYAS‬‬

‫اجماع ‪ ،‬اجتهاد قياس‬
‫النساء ‪59‬‬ ‫يايها الذين آمنوا أطيعوا هللا وأطيعوا الرسول واولوا األمر منكم‬
‫فاعتبروا ياولى االبصار‬
‫‪AL HASHR 2‬‬
‫إن مثل عيسى عند هللا كمثل آدم‬
‫‪AL IMRAN 59‬‬
‫‪100‬‬
‫يمن ‪MUAZ‬‬

‫مجتهد ‪MUJTAHID‬‬
 1. ALLAMA IQBAL …. PARLIAMENT..(RECONSTRUCION
OF ISLAMIC THOUGHTS)
2. DR HAMIDULLAH … WORLD ISLAMIC
COUNCIL( INTRODUCTION TO ISLAM)
3. MAUDIDI… COLLECTIVE IJTIHAD
4. SHAH WALI …FAITH & WORSHIP

INSTITUTES
1. ISLAMIC IDEOLOGY COUNCIL
WILL>>> 3 DIVORCE>>
2. OIC
3. JAMIA AL AZHAR ( EGYPT)
4. IRI( ISLAMIC RESERCH INSTITUE)
5. FIQHI ACADEMY (INDIA)
6. FIQHI ACADEMY JADDAH

ISSUES

 DNA….. WITNESS
 TRANSPLANTION
 ORGAN DONATION
 BANKING SYSTEM
 ADPOTED SON
 MILK BANK
 TEST TUBE BABY
 LAW OF EVIDENCE AND VIDEO
 COVID 19
 SPACE TRAVELLING( PRAYER)
 MOON SIGHTING
 CLONING

ANALOGY ( QIYAS)
COMPARISON/ MEASUREMENT

SMOKING >>>>. >>>>>> WINE

1. ASL ( ORGINAL TEXT) ‫ >>> أصل‬WINE

2. HUKM ( RULING/ JUDGEMENT) ‫ >>>> حكم‬HARAM>>>
3. FAR( NEW CASE)‫ <<<<< فرع‬SMOKIN G>>>>>?
4. ILLAH( RESEAON) ‫ >>> علة‬INTOXICATION