KingMamba
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Islam is a religion (complete code of life) which has been interpreted in different way by different people .
But I believe that Islam was the first organized socialist movement in the world . We read in Quran :
"And in their wealth have due share those who ask for help and those who are deprived." [51:19]
“They ask you as to what they should spend. Say what is surplus with you” [2:219]
”…And those who hoard up gold and silver and spend it not in Allah’s way- announce to them a painful chastisement.” [9:34]
Qur’an is unmistakably in favour of the weaker section of society (there are a lot of verses in this regard) and it predicts ultimate leadership (though not dictatorship) of proletariat
"And We are willing to be bounteous to the ones who were deemed weak in the land, and make them leaders, and make them the inheritors" [28:5]
Nowhere does Quran support imperialism or capitalism .
You are right Islamic concepts on governance and economics is early form of socialism. The Nordic countries have actually set up the closest thing to God ordained governance.