The Qur'an is not considered as a scientific text to provide...
The Qur'an is not considered as a scientific text to provide a systematic description of the economic system in Islam. The modern Islamic Movement started at the beginning of the present century and did not take the shape of formal organisations till the fourth decade. Muslim thinkers pursued the traditional manner of Islamic legislation which depends on the following sources:- (a). Qur'an - which is God's revelation to the Prophet (peace be upon him and his family). (b).
Tradition - which is the sayings of the Prophet (peace be upon him and his family). (c). Ijma`- this comes when there is no specific mention in Qur'an or Tradition about a particular case. It specially refers to concepts which have been accepted throughout the Islamic history as Islamic concepts. (d). Human reasoning or logic - this again comes when there is no specific mention in Qur'an, and Tradition.
Hence it is relevant for Muslim thinkers to seek solutions for the various problems of life, in the Qur'an. If there was no clear cut solution, then the true sayings of the Prophet (p.b.u.h. a.h.f.) are reviewed to get more satisfaction. If that was not enough, then Ijma `and Logic are used as a final resort. This particular topic is the field of specialists who possess sound knowledge of Islam.
It is pointless to say that the following analysis is only quotation of Modern Muslim thinkers, and ideological leaders, and cannot be regarded as my own analysis or reasoning. It is important to note that the Islamic principle is a complete set of concepts and laws which cannot be divided into small pieces or parts separately. It is essential to deal with Islam as a whole, otherwise, the fruits would not have the Islamic flavour and taste.
In other words, it is not possible to take some Islamic laws while rejecting others. A principle is defined politically as a doctrine which gives rise to a system of life. The doctrine is the philosophy which defines the universe and man, the origin of universe, the nature of the laws governing the universe, the destination of man, etc. The system is a natural organisational form of the doctrinal view of what the society should be like, and its dealings within its sphere and outside relations.
The word Islam means submission. Islam considers man as a part of nature which is destined to obey certain rules. The natural laws have been created by an ultimate cause called God (The Arabic word is Allah). Islam views nature as Muslim.