ECONOMIC JUSTICE IN ISLAM

MONETARY VALUE AND THE WAY OUT OF INTEREST (RIBA) Existing worldview of the economy seem to be inadequate and a humble effort has bjen made to analyse the problemg on a broader and comprehensive perspective. ‘This study has demolished nfihny theories and concepts that were hitherto considered irrefutable and has lead to discovery of new facts and ideas that have potential to solve the problems. Further, findings of the analysis seem to denilalish some very important decisions of our contemporary scholars (Ulema) on most important issues pertaining to currency, Riba and accounting for profit sharing. Islamic system ensures social justice by banning interest and enforcing Zakah and nourishes the motivation that cause people to strive and excel by granting right-_to own resources and allowing the owners of capital to share profits produced by economic activity funded with their capital. It maximises investment by charging Zakah on capital withheld including out put held for sale ?hile exempting means of production from charge of Zakah. This produces balhnced economic growth. ‘Ihe4_quantity of wealth represented by currency is being reduced consistently an appreciable rate. Currency is the most important yard stick of and its manipulation constitutes the worst fraud against Non-exploitative business practices become impractical when is used as unit of accouni is manipulated. Manipulation of the owners of organised sector to increase the price of their with interest zit tends to eliminate all that stands for justice and righteousness. It that lies/misinforrpation are being deliberately and economy 1S grossly those who want Gold and law does not exchange however it and accounting meduim of silver alb ‘ ‘e as‘of yard of must be corrected for any such manipiilafiori. Insha Allah it will help remove and create true avgareness among the people and may and guidance.

• AUTHOR: HISFUL RAB
• ISBN 983 065 -15
• PUBLISHER: ASN