The Islamic economic system

Islamic economics is more a normative science than a positive one. The social sciences in Islam actually are connected with each other. The pillars of capitalism are free enterprise and the payment and receipt of interest. Capitalism may be rightly understood as a religiously money-minded world-view. The institution of interest helps enforce disparities in wealth -- the laborer works away and the capitalist reaps profits with no effort expended. Communism is a repulsion from capitalism in which the state runs industry and hampers individual freedom. Islamic economics seeks to promote the enterprises that will lead to real satisfaction in society. It is important for Muslims to seek out lawful employment. Islam offers answers to dilemmas concerning ownership of the means of production, the limits of private property, the social security net, and governmental responsibility for welfare. God is the owner of all things, absentee landlordism is abolished, peasant proprietorship is