Production factors comparison between the Islamic economy and thecapitalist economy - New analysis based on the Islamic jurisprudence (Fiqh)

The author, in discussing production factors and how they are classified, refers to Islamic law in relating certain factors of production which others economists do not relate. A two-factor division of inputs by which they are classified as labor and as capital is judged by the author to be consistent with Islamic jurisprudence. Critical analyses of the economic theory on production factors and of the economic theory on the distribution of the production factors are engaged in by the author. He discusses the independent and the related factors of production, with mention made of the idea of monopolies. Time and risk-taking are to be seen as related factors of production, the author argues. To support these points, al-Qur'an and the Sunnah are drawn from. The writer is a professor at the Research Centre of Islamic Economy in Jeddah.