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Economic System Of Islam
''Economic System of Islam'' is a book written by Sayyid Abul Ala Maududi, noted for his rejection of capitalism Capitalism is an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. Central characteristics of capitalism include capital accumulation, competitive markets, pric ... as un-Islamic. External links Economic System of Islam Books by Sayyid Abul Ala Maududi {{econ-book-stub ...
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Sayyid Abul Ala Maududi
Abul A'la al-Maududi ( ur, , translit=Abū al-Aʿlā al-Mawdūdī; – ) was an Islamic scholar, Islamist ideologue, Muslim philosopher, jurist, historian, journalist, activist and scholar active in British India and later, following the partition, in Pakistan. Described by Wilfred Cantwell Smith as "the most systematic thinker of modern Islam", his numerous works, which "covered a range of disciplines such as Qur’anic exegesis, hadith, law, philosophy and history", were written in Urdu, but then translated into English, Arabic, Hindi, Bengali, Tamil, Telugu, Kannada, Burmese, Malayalam and many other languages. He sought to revive Islam, and to propagate what he understood to be "true Islam". He believed that Islam was essential for politics and that it was necessary to institute '' sharia'' and preserve Islamic culture similar to reign of the Rashidun and abandon immorality, from what he viewed as the evils of secularism, nationalism and socialism, which he understood to ...
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Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for Profit (economics), profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, Property rights (economics), property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in Capital market, capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include ''Laissez-faire capitalism, laissez-faire'' or free-market capitalism, anarcho-capitalism, state capi ...
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