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Showing posts from July 6, 2014

Capitalism and Islam

Capitalism and Islam
Islam is neither capitalism (Right) nor socialism (Left). It is the comprehensive way of life decreed for mankind by Allah Almighty. In Islam we find principles and formulations aimed at shaping the individual as well as the collective life of man within the parameters of divine guidance contained in the Quran and the Sunnah. As Islam encompasses all areas of human life, both politics and economics come under its purview.Although the true Islamic political system does not exist now, (of course, there are some countries that call themselves, "Islamic") it once flourished, producing dramatic results. It was Islam in its pristine purity that succeeded in transforming a primitive desert people into the most civilized nation of the time. The boundaries of the Islamic Empire then stretched between China in the East and the Atlantic Ocean in the West. It was the deviation from Islam that caused the failure of the Islamic Empire. O you who believe! Be upright f…