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An Introduction to Principles of Islamic Banking

In this booklet, I have debated the. question as to whether or not’ Islam offers a suitable’ basis for formulating a distinct (social-) economic system that’ overcomes the inadequacies of both capitalism and communism. ‘By an economic system,. I mean one that can harmoniously blend with social justice,’ in the context of man’s economic life. The fact that Islam opposes capitalism and […]

  • Sayyid Muhammad Baqir as-Sadr
  • M. K. Ali
An Introduction to Principles of Islamic Banking
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An Introduction to Principles of Islamic Banking
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    In this booklet, I have debated the. question as to whether or not' Islam offers a suitable' basis for formulating a distinct (social-) economic system that' overcomes the inadequacies of both capitalism and communism. 'By an economic system,. I mean one that can harmoniously blend with social justice,' in the context of man's economic life. The fact that Islam opposes capitalism and communism both implies its ability to improve the socioeconomic lives 0f Muslims, who have already begun to seek an Islamic alternative. The discussion in this booklet revolves around a distinction between a socioeconomic system and the pure science of economics. ,A socioeconomic system, as already indicated, is supposed to be amenable to social justice, in the processes of production and distribution of wealth, so as to improve the quality of life, Pure economics, on the other hand, can give quantity-oriented assessments of economic life as it is, without going into the question of social justice.

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    • Sayyid Muhammad Baqir as-Sadr
    • M. K. Ali
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