Today's modern world suffers from the near absence of social justice, which has become a rare feature of most national economies.
We are also witnessing a deep recession affecting most countries mainly due to a major crisis in the world's banking and financial system.
Major public unrests, demonstrations, protests and revolutions have been spreading from one country to the next in the past few years, especially in Europe, America and the Middle East.
Experts are searching for an alternative system that offers the best of two worlds: the efficiency of production of the capitalist system, and the fairness of distribution of the socialist system.
Does such a system exist?
We believe that Islam offers this delicate balance through the divine guidelines that encourage investors to invest in the real economy to make real profits that benefit all people while creating new jobs needed in society, and taking good care of the less-privileged and the weak through a comprehensive social security safety net centered around Islam's third pillar: Zakah.
This folder, Islamic Economy & Social Justice, sheds light on some of the main Islamic guidelines on finance and wealth distribution, and presents some of the problems associated with interest-based finance, while describing the functioning of an ideal banking system in an Islamic economy.
It also offers answers to a selection of questions on alternative investment and consumption loans, and different aspects of Zakah for an ideal social structure that is sound, fair and that leads to sustainable development and healthy social relations.
Zakah and Social Justice
Foundations of Islamic Economics & Finance
Why is Usury Prohibited in Islam?
Islamic Solutions for the Global Financial Crisis
Q & A on Islamic Economics & Finance
What is the solution to the problem of securing sources of credit without resorting to the practitioners of Riba as that source?
Related Links:Zakah & Charity
The Quran in Focus
Living a Happy Life with a Strong Faith (Folder)
Looking for Peace and Serenity? (Folder)
Be Productive - Be Muslim (Folder)