Table of Contents

Title

Copyright

Foreword

Publishers’ Note

The Economic System of Islam

CHAPTER 1 - Importance of the Subject

CHAPTER 2 - Sovereignty of Allah and its Implications for Those in Authority

Authority Emanates from Allah

Injunctions for Those in Authority

Justice Among People and Nations

Basic Precepts of Governance in Islam

Historical Illustrations of Islamic Precepts of Governance - Prayer of Malek Shah

Anguish of Hazrat Umar(ra) at His Deathbed

CHAPTER 3 - Types of Economic Systems in the World

CHAPTER 4 - Teachings of Islam for Establishing a Just Society

Basic Precepts of Islam Regarding Wealth

Islamic Injunction on the Use of Wealth

Exhortations for Uplifting of the Poor as a Necessity for National Progress

Emphasis on Ameliorating the Conditions of the Poor in Early Islamic Teachings

CHAPTER 5 - Measures to End the Institution of Slavery

Role Played by Slave Labour in World Economy

Prohibition of Unjust Forms of Slavery

Exhortations for Freeing the Prisoners of War

Fair Treatment of Prisoners

Slavery and Economics

CHAPTER 6 - Impact of Religion Upon the Economic Systems

CHAPTER 7 - The Islamic Economic System

Upholding Individual Enterprise

Voluntary Efforts to Rectify Inequities

Wealth Created by God for the Benefit of All

Balance Between Individual Freedom and State Intervention

Control Over the Incentives for Accumulation of Wealth

Improper Use of Wealth Forbidden

Extravagance Forbidden

Spending Money to Gain Political Power Forbidden

Greed for Wealth Accumulation Curbed

Further Steps to Control Those of Weaker Nature

CHAPTER 8 - Barriers to Illegitimate Accumulation of Wealth in Islam

Prohibition of Interest (Riba)

Withholding Supplies from the Market Forbidden

Injunction Against Artificial Lowering of Prices

CHAPTER 9 - Measures Adopted in Shariah to Achieve a Just Economic System

Zakat

Khumus - One-Fifth Royalty on Mining

Voluntary Charity

Islamic Law of Inheritance

CHAPTER 10 - Responsibilities of the Government

Curb on Spending in Favour of the Rich

State Obligated to Provide for Primary Needs of All

CHAPTER 11 - Communism

Fundamental Difference Between Islam and Communism

CHAPTER 12 - Objections Against Communism on the Basis of Religion

No Scope of Voluntary Efforts

Communism Interferes with Property Rights

Right to Own Land

Islamic Approach to Reduce Landholdings as Compared with Communist Approach

Communism Stifles Growth of Knowledge

Force Needed to Uphold Communism

Interest, a Part of Communist Philosophy

Adoption of Prevailing Exchange Rate System

Compulsion in Economic Matters

Communism Destroys Family Relations

Communism Undervalues Intellectual Excellence

Rigid Control over Economy

Focus on National Interests Instead of Universal Welfare

CHAPTER 13 - Prospect of Russia Emerging as Global Economic Shock

Experience of Other Imperialist Powers

Absence of Equality in Russian Occupied Territories

State Capitalism More Dangerous Than Earlier Imperialists

Russian Claims of Equality Among Nations Belied by its Actions

Barriers to Foreign Influences in Russia

Russian Claims of Practising Equality Among its Citizens are Not Credible

Unanswered Questions About Claims of Equality

CHAPTER 14 - A Proper Economic System

CHAPTER 15 - Responsibilities of Rich Towards Poor

CHAPTER 16 - Prophecies About Russia

A Prophecy of More than Two Thousand Years Ago

Ezekiel Chapter 38

Ezekiel Chapter 39

The Prophecy of More than Two Thousand Years Ago

Prophecy of the Promised Messiah(as) Regarding Russia

A Dream Bearing upon Destruction of Communism

Concluding Observations

Glossary