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 ... the splitting up and distribution of wealth in a manner unknown in other legal systems, and it divides the estates of the deceased over a wide range of beneficiaries. Islamic law unlike English law permits the devoluti...
- Word Count: 4641
- Approx Pages: 19
- Has Bibliography
- Grade Level: Undergraduate