BASIC PRINCIPLES AND TERMS OF ISLAMIC ECONOMY Cover Image

OSNOVNI PRINCIPI I NAČELA ISLAMSKE EKONOMIJE
BASIC PRINCIPLES AND TERMS OF ISLAMIC ECONOMY

Author(s): Sulejman Topoljak
Subject(s): Economy, Islam studies, Business Ethics, Socio-Economic Research
Published by: ISLAMSKI PEDAGOŠKI FAKULTET U BIHAĆU
Keywords: islam; economy; solidarity; haram; halal; earnings; assets; property;

Summary/Abstract: Material prosperity of each nation and every individual represent the goals of every economic system and state. Only nations that have accommodated basic living conditions can think about higher goals and strategies. One of the main intentions of Islam is providing a legal reproduction of the human race, the protection of the life on Earth and providing a man, as a God's representative in the cosmos, a suitable life , a life that corresponds with his position and that will help him to carry out his task for which he was sent and lives on this planet. Since these objectives cannot be achieved without an economic system, it is understandable that Islam has its own economic system and its instruments through which these goals can be realized. Given the importance of the economic system in Islam, and given the rule that means acquire the status of objectives. I have chosen to briefly address the basic principles and norms of Islamic economic system as a subject of my work. The aim of the study is to give and explain the basic principles of Islamic economics in a completely clear and easy way, to elaborate its purpose and characteristics in comparison to the other two most famous economic system that were administered or are still applied in the modern world. At the same time, the study sought to implicitly and sometimes explicitly point out the shortcoming and the reasons for which the economic system implemented in the past did not bring material well-being and happiness to the mankind, and who are the same time avoided or involved in the Islamic economic system. This gives an Islamic economic system a bright future and relevance which can be accepted by all and can make everyone satisfied.

  • Issue Year: 2014
  • Issue No: 7
  • Page Range: 11-52
  • Page Count: 42
  • Language: Bosnian