The fundamentals of the Islamic economic system start with the differences it has with the capitalistic, communistic, socialistic, and other mixed types of economic engines that have existed over the past centuries. Islamic economics incorporates at least seven major characteristics that in some ways mirror their capitalistic and socialistic counterparts, but are still unique and vibrant to the economic system of Islam.

The system itself consists of organizations, institutions, and social values that exemplify the production, exchange, and consumption of goods and services. Those who follow Islam are encouraged to lead a life of material gain in a way that it shows respect for others, makes their place secure in the world, and provides a source of happiness for their families.

2017-09-19 Blog Islamic-economic-system

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