Abstract
The objective of the research is to investigate the Islamic Economic fundamental principles derived from the Holy Quran which is also supported by hadith literature. The organization of the Islamic financial system, to give people the courage and financial support of people, which is to teach the Holy Quran. Assistance in the event of a natural disaster, or even in normal conditions of use. Islam is perfect for social and economic system, which includes a tool for charities, Sadaqa, Fitrana, and Zakat. The organization of the Islamic socio-economic system is developing the potential of individuals and institutions of the state. The method, which refers to the concept of the four supports of the economy (production, distribution, exchange, and consumption of wealth, it has been mentioned in the Holy Quran 1400 years ago. Islam attaches great importance to the equal distribution of wealth, and not much to the interests of institutions that are involved. The organization of the Islamic system, which provides financial support, in the different structures of the national governments to enhance peace and prosperity. The establishment of small businesses, as well as contribute to social norms, as individuals in any society. Islamic economic principles enjoin economic equitability according to which wealth should circulate throughout the society, which also contributes to the economic welfare, development, and prosperity of the people living in the society
Authors
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Dr. Hina Ali
- Assistant Professor, Department of Economics, The Women University, Multan, Punjab, Pakistan
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Tayyaba Naveed
- Lecturer, Department of Psychology, University of Sahiwal, Sahiwal, Punjab, Pakistan
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Javeria Masood
- Visiting Lecturer, Bahauddin Zakariya University Multan, Punjab, Pakistan
Keywords
Islamic Civilization, Islamic Economy, Peace, Prosperity
DOI Number
10.35484/pssr.2021(5-II)62
Page Nos
813-822
Volume & Issue
v5-2
