In the Islamic view...
In the Islamic view, the difference and variety of nations in the world is to know each other to foster collaboration: this leads to the perfection of human beings in the world and nations’ difference is exactly like people’s difference in society. The human being’s dependence on the things around him or those belonging to him restrains him from feeling any form of superiority, whether it is racial, hierarchal, or so forth.
Nationality, tribe, and family are not worthy of worship and must not become like idols. One cannot develop one of them and ignore other people’s interests as a result. Wealth, like other facilities, is available to people and it is not meant for ruling over anyone. Wealth is a trust and gift from God for the benefit of mankind and therefore, what is the most fundamental is the human being and not wealth or means of production.
Thus, in the Islamic economy, human resources are the primary and most important factor of production. The labour can share in the profit made without being liable for any loss, while the investor has liability for losses. Also, labour may have a fixed wage, but setting a fixed increment for the capital is considered usury and is forbidden. Islamic rulings in social economics are full of humanistic directions.
At the same time, Islam tries to prevent money from controlling human beings or just remaining among the rich ones. With respect to dominance, Islam rejects any kind of natural or hereditary dominance of some people over others except the dominance of legitimate guardians over the weak and unable ones. The only legitimate dominance is the one that originates from God or is based on the agreement and consensus of people themselves. Government is a trust and not a privilege.
Furthermore, when people entrust power to a government this will be valid only if all conditions of a contract are provided such as freedom of choice, maturity, and awareness. People must not be forced to choose a government or be misinformed about the performance of governors, etc. An Islamic society is one in which a very productive ground for preserving human values and their promotion exists.
Morality in Islam Morality is the great goal of religious teachings and the main factor in forming a religion.