ভূমিকা

Shiavault - a Vault of Shia Islamic Books Economic System in Islam Compared with Capitalism and Socialism Freedom of Private Enterprise and its Limits Capitalism permits individuals to manipulate their wealth in all ways and means, regardless of their possible consequences on the society. It is believed that the society's interests are served by the individual's motives and enterprise. Hence, there is no conflict economically between private and society interests as it is viewed by Capitalism.

For example, a bus company is providing social service, but it is private enterprise. Other public services, like education, railways, roads, etc., used to be considered as private enterprises, which furnish social services. Socialism denies individuals economic freedom. The State or Government steps in, plan and administer the bulk of the country's economy with no regard to people's incentives. Islam recognises people's freedom and right of possession, but defines its boundaries and limits.

The boundaries are located by the following items: (a) Indirect influence of the Islamic education It should be taken for granted that one of the main tasks of the Islamic State is education; education which carries the Islamic image and spirit. It is important to note that no means of propagation and education will be spared, when the Islamic State re-emerges again. This is a natural measure since education moulds people's thoughts, sentiments, and their general attitudes towards life.

Then, when the Islamic moral code is prevailing in the society the fear of violating the laws will be considerably less. This is a logical conclusion for there will be, in every person, an inner motive for safe-guarding the law. Hence the danger of capital inflation and monopoly are considerably reduced when Islamic laws are applied. (b) Direct Interference of the State Islamic State can intervene on two levels. (i) Protection of the permanent fundamental Islamic legislations.

Verily thy prayer is a source of security f or them: and God is One heareth and knoweth.