1. Economics of Islam
... not allow a true application of the Islamic economic principles. The problems of the Capitalist economic systems of the West flow mainly from the absence of the ethical element in economic dealings. The Islamic system however is based wholly on provision of the ethical elements. It ... of Islamic Economic Order. Other rules and regulations are framed as envisaged in the Sacred Quran and Hadith and these form bases of Islamic Economic doctrine. Islam has laid down them very brightly for guidance of the Muslims. These notions are varied in nature and cover a wide range of Islamic concept o...
- Word Count: 4641
- Approx Pages: 19
- Has Bibliography
- Grade Level: Undergraduate