Islamic Economic System

Islam is the complete code of life. There are no part of life of the human being that are no instruction in the Islam. Economic is a most important part of the human life. Islamic economic is based on the "Jakat & Ushor." Which is the only way to alleviation  the poverty.

     Other wise traditional banking is based on interest which is the curse of Allah. Interest is forbidden by Islam. As Allah says in the holly Quran ....

 " Business is "Halal" & interest is "haram" declared by Allah." (Surah Al Bakarah -75)

      Interest based economic system is harmful for the society. The demerit of interest is Given bellow ....

1. It increase the wealth of the rich.

2. It decrease the wealth of the poor.

3. Destroy the peace & prosperity in the society.

4. Make a quarrel between the rich & the poor.

5. Decrease the production & foreign income.  

6. Create an unemployment problem.

At last scatted hijacking, rover, drinking alcohol, drug addiction killing in the society. 

Our Prophets (SM) said that interest has 70 up sins, the smallest sin is to do sexual function with his mother.So the Muslims should avoid the interest and follow the Islamic economic system.

  The merit of  the Islamic economic system is Given bellow ....

 1. It is the creators instruction.

 2. Its enrolled the share business with profit & losses.

 3. Invest money in productive sector.

 4. Increase the production & foreign income.

 5. Its based on the Jakat.

 6. It solved unemployment problem. 

 7. It Poverty alleviation is possible by using  Islamic Economic System.

 8. "Jakah & Oshor'' are a part of Islamic Economic.

 9. Jakah means increase or purity. The amount of 52.5 grams silver or 7.5 grams gold under a man

possession 12 months duration, then he will have to paid 2.5% asset to the definite person described in the holly Quran.