Islamic economy - II

The ownership of a society's means of production raises issue, as does the achievement of a proper tradeoff between the interests of the individual and the interests of the society. An Islamic economic system permits both private and public ownership, yet it assigns specific sectors for each mode of ownership in order to serve the society's overall good. The tolerance of both types of ownership stems from the fact that private ownership is not optimal for numerous sectors and entities. Among such public-ownership economic spheres are rivers, bridges, and sources of water, pasture, and energy. Justice and the Islamic institution of waqf are part of the social order.