With this coercive equity...
With this coercive equity, the spirit of competition among the people gets curbed because the individual has been deprived of the right of ownership and finds no incentive in putting in maximum efforts at work. Islam, instead of the forced equity of socialism, has kept equity in the economic resources and has provided equal opportunities for every individual that he generate livelihood depending on his capability and toil.
Therefore, the Holy Qur’an says: وَأَنْ لَيْسَ لِلْإِنسَانِ إِلَّا مَا سَعَى. “And that man shall have nothing but what he strives for. (53/39)” Under this system, there will be difference between the individuals according to their capability and the efforts put at work.…
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