Well-known Muslim economists are meeting in Mecca in order to discuss Islamic economics. Scholars of Islamic law are also present. Muslim countries' ambassadors are also on hand. Some fundaments of the Islamic economic system are the ideas that: 1. Islam is a total way of life; 2. Islamic law is applicable to all eras; 3. Individuals and the community have a role in putting Islamic ideas into effect, with the goal of setting up khalifa; 4. The Islamic community ought to teach and aid all of mankind; and 5. All of a Muslim's deeds should be for the pleasure of Allah, and for this purpose the best in worldly life and the best in the afterlife are sought. An Islamic Panel on Economic Affairs can prove valuable in sharing knowledge with Hajj pilgrims. General regard for Islamic economics can be fostered during the pilgrimage season. Pilgrims should be told about the illegality in Islam of interest-related activities. Advice ought to be given regarding wastefulness and regarding reg
Year
1976
Country
Saudi Arabia
Language
English
Abstract
English
No. of Pages
pp.25-30
Number
4
Volume
3
Select type of work
Name of the Journal
CIS Program Old
CIS publications
No
CIS Thesis
No