The theory of the economics of Islam: the economics of tawhid and brotherhood: philosophy, concept and suggestions for policies in a modern context

Islam has a particular approach to economics and the allocation of natural resources. The Qur'an and sayings of Prophet Muhammad (SAW) describe the principles of Islamic economics. Modern thinkers have been too limited in their analysis of the contrasts between capitalism and Islamic economics. The most basic difference between the capitalist and Islamic economic ideologies lies far deeper their perspectives on Riba (interest) or any other individual financial practice. Rather, the two systems approach economic management differently. To develop an Islamic economic system properly, one must build on the principles of Tawhid and brotherhood that lie at the core of Islam. The flip side of acknowledging the oneness of God is acknowledging the complete equality of all human beings. No human can claim an absolute right over natural resources. Islam forbids sharecropping and interest because such behavior involves one human's inappropriate assumption of ownership. Private property