ভূমিকা

Shiavault - a Vault of Shia Islamic Books Economic System in Islam Compared with Capitalism and Socialism The Triple Nature of Possession Capitalism views private possession as a basic need which voluntarily fulfils the community's desires and requirements rather than being in conflict with it. Capitalists consider Nationalisation as exceptional cases of remedies for temporary crisis of the Nationalised economy.

It argued that nationalised sectors of economy can be de-nationalised after that crisis has disappeared. Socialism, on the other hand, claim collective ownership as the fundamental concept in its economic system. Private capitals must be nationalised according to Socialism. But the Socialists were confronted in the field of application with difficulties and were forced to recognise private possession. That attitude was a temporary cure for their economic problems.

The bulk of the wealth is expended and utilised in building schools, hospitals, etc. The sources or incomes of this sector of economy are specific and noted. For example, the so-called (Kharaj land) is one source which is a land naturally productive. (p.b.u.h.a.h.f.) said: "People are to share three .things, fire, water, and grass." All Muslim thinkers throughout the Islamic history accepted the generalisation of this statement to include all natural resources to be under collective ownership.