Islamic economic system

[1 ummah]

Jizya, Khiraaj have sharia evidence thats why there case is separate. Non Muslim pay khiraaj but not Usher. As Usher is zakat of crop, which only Muslim pay. ( i will have to refer to the book to confirm).
As for Mozariat, Its haraam so our views carry no weight. Mozariat is done in agriculture where one person cultivate the land of other and they share the crop. This is not permitted. A person must cultivate his land by himself or by employees. Employees get full salary irrespective of the status of the crop

 

[1 ummah]

it has been narrated from ‘Umar ibn Al-Khattab that he
passed by an old man from the Ahl az-Zimma begging from the people. He
said to him, “what forced you to do that?” The man said, “The Jizya, old age
and need.” So ‘Umar said to him, “We have not done justice to you, as we
have taken Jizya from you in your youth then we have failed you in your old
age.” He took him to his house and gave him something to eat. Then he sent
him to the treasurer of the Bait ul-Mal and ordered him to stop taking Jizya
from him and to give him from the funds of the Bait ul-Mal

 

[1 ummah]

Hisham b. ‘Urwa narrated from his father that ‘Umar b. al-Khattab passed
in the road of Ash-Sham, while returning from his journey from Ash-Sham,
by people who had been forced to stand in the sun with oil being poured
onto their heads. He said: “What is the situation of these people?” They
said: “They have not paid Jizya due on them. So they are tortured till they pay
it.” ‘Umar said: “What do they say and what is their excuse is for not paying
the Jizya?” They said: “They say, ‘We do not have it.’” He said: “Leave them
and do not impose upon them what they cannot afford, for verily I heard the
Messenger of Allah  say: “Don’t torture the people, as the one who
tortures them in this world will be punished by Allah on the Day of
Judgement.” He (‘Umar) ordered that they be released. And it was related
from the Messenger of Allah  that he appointed Abdullah b. Arqam over
the Jizya of the people of Zimmah and when he was leaving, he  called
him back and said: “Surely, whoever oppresses a person under covenant
(Mu’ahid) or imposes upon him more than he can afford and
humiliates him or takes anything from him without his consent I will
challenge him (i.e the oppressor), on the Day of Judgement.”

 

[DelhiDareDevil]

Is it true that most islamic bank accounts are dominated by indian firms?

 

[desioptimist]

i think i explaned this to you. since there is no interest in islamic system, there is something else called Muzaribat, in muzaribat, there is the lender and borrower, the borrower invest in a bussiness, and if the person makes profit or loss, in any case it will be shared with the lender. although i have some questions myself on how it will work.

This is like investing in stocks. Or venture capitalist funding your project. Usually he will ask higher return as the risk is higher.
In islamic system, I, who is borrowing money has no option to choose between borrowing money without strings attached and borrowing money from somebody who may have so many conditions(e.g. vc)

Same problem on lender side.

 

[Muhammad-Bin-Qasim]

Wait a minute!

So you're telling me that in a Gold based Economy, if I give you a loan of 5 gold coins for 2 years, you'll pay me only 5 gold coins after 2 years?

How then would I be making profit by lending you any gold?

If I'm giving you a loan, I want some profit out of it.

If I give you 5 gold coins, I'd expect to be paid back 6-7 gold coins including inflation. Otherwise what's the point of giving you a loan in the first place?

LOL... Hindu Banya always thinks about Sood...

Abay Jack Sparrow... Inflation is not an issue when you deal in Gold... with all your talk about economics, I expected you to know this bit?? LOL

 

[tashfain]

well Jack u were asking about government sources of income so first of all you have to understand that Islamic economy can not be implemented alone.It will show its full potential only when a khilafat will be implemented.

 

[tashfain]

In Islam,Sources are Zakat,usher,Jaziya,Al kharaj. and they are enough to run state tasks.

 

[tashfain]

1 Ummah
thanks a lot for sharing such a wonderful book on funds in khilafah state.I'll definitely read it for more in-depth information.

All
Islamic economic system, is not a separate entity from Islam.For a successful Islamic system we have to implement all systems of Islam i.e. Economic system,Judiciary,Foreign Policy,Education system,Social system.
If we will try to implement Islams economic system only and not other systems.we'll fail terribly because in QURAN,ALLAH(SWT) says that, You accept some parts of deen and rejects others.so for such people there is humiliation in this world and punishment here after.so If Islam needs to be implemented,it has to be implemented fully.

Jack,Ashok.
Islamic economic system is different because of the definition between Capitalism and Communism.
Capitalism says that resources are limited so earn as much as you can before it runs out and this led whole basis of Capitalist economics.
Islam says that resources are immense and will not end and ALLAH has taken responsibility to feed every single living creature on this earth.ALLAH will provide the sources and we just have to administer it and for that too ALLAH has given the laws that leads to Islamic economic system.

Also Capitalism and communism has many things from Islam but that doesn't mean that we compare Islam with thee evil ideologies.Communism and Capitalism arose by constant subjugation by church and both are failing or have failed.It is only a matter of time when khilafat will come and world will witness a new economic system free of interest.

I'll answer your questions but you have to think out of the box. Islam can never fit in this Capitalist ideology.Islam is unique and its structure is different than whole world.Our values are different.Our freedoms are different and we don't share any values identical to the world so if you want us to change our religion in a way to suite this 21st century sorry we cant do that.however we can bring khilafat and can show the world that Islam can solve each problem of this human race.

 

[desioptimist]

1 Ummah
thanks a lot for sharing such a wonderful book on funds in khilafah state.I'll definitely read it for more in-depth information.

All
Islamic economic system, is not a separate entity from Islam.For a successful Islamic system we have to implement all systems of Islam i.e. Economic system,Judiciary,Foreign Policy,Education system,Social system.
If we will try to implement Islams economic system only and not other systems.we'll fail terribly because in QURAN,ALLAH(SWT) says that, You accept some parts of deen and rejects others.so for such people there is humiliation in this world and punishment here after.so If Islam needs to be implemented,it has to be implemented fully.

Jack,Ashok.
Islamic economic system is different because of the definition between Capitalism and Communism.
Capitalism says that resources are limited so earn as much as you can before it runs out and this led whole basis of Capitalist economics.
Islam says that resources are immense and will not end and ALLAH has taken responsibility to feed every single living creature on this earth.ALLAH will provide the sources and we just have to administer it and for that too ALLAH has given the laws that leads to Islamic economic system.

Also Capitalism and communism has many things from Islam but that doesn't mean that we compare Islam with thee evil ideologies.Communism and Capitalism arose by constant subjugation by church and both are failing or have failed.It is only a matter of time when khilafat will come and world will witness a new economic system free of interest.

I'll answer your questions but you have to think out of the box. Islam can never fit in this Capitalist ideology.Islam is unique and its structure is different than whole world.Our values are different.Our freedoms are different and we don't share any values identical to the world so if you want us to change our religion in a way to suite this 21st century sorry we cant do that.however we can bring khilafat and can show the world that Islam can solve each problem of this human race.

You still did not answer the basic question. Where will the govt get money from? The type of money you are talking about is a fraction govt earns now.

Try as many quotation as you want, but when you are proposing an alternative system, which is supposedly better, please at least show how it works.

 

[CaptainJackSparrow]

You still did not answer the basic question. Where will the govt get money from? The type of money you are talking about is a fraction govt earns now.

Try as many quotation as you want, but when you are proposing an alternative system, which is supposedly better, please at least show how it works.

Ask them a simple question and they come up with something theological.

They have no idea of what they're talking about. For example, look at this guy:

In Islam,Sources are Zakat,usher,Jaziya,Al kharaj. and they are enough to run state tasks.

He says X, Y and Z will be enough to run the state but how? He won't say.

Moreover, even X, Y and Z are nothing but either taxes or investments like good old FDI i.e. old wine in new bottle.

What's new that they propose? Well, even they don't know that.

 

[Secret Service]

Ask them a simple question and they come up with something theological.

They have no idea of what they're talking about. For example, look at this guy:



He says X, Y and Z will be enough to run the state but how? He won't say.

Moreover, even X, Y and Z are nothing but either taxes or investments like good old FDI i.e. old wine in new bottle.

What's new that they propose? Well, even they don't know that.

You dont need to understand this system because you have nothing to do with it....better dont argue .

 

[desioptimist]

You dont need to understand this system because you have nothing to do with it....better dont argue .

If the system is better than the current system, should we not reveal to everybody, so that mankind can benefit from it.
Also, should we not discuss and debate to figure out why and how it is better, so that we can convince everybody to implement it.

 

[Realist]

Idealism all over the place here

 

[CaptainJackSparrow]

You dont need to understand this system because you have nothing to do with it....better dont argue .