1. Economics of Islam
... at the expense of the far greater majority. The abolition of private ownership, it is said, removes such economic harms and evils as result as result from the practice of free and unfair competition. Such a kind of competition causes a waste of productive power and resources of a nation which can otherwise be utilized for the purpose of creating a sufficiency for the community ... his estate, and even such a restriction is looked up by the Islamic system as rather liberal one. The purpose of such restrictions is a according to verse seven of the chapter Al Hashar (The banishment). "That ...
- Word Count: 4641
- Approx Pages: 19
- Has Bibliography
- Grade Level: Undergraduate