[^12] From this Sadr derives the first principle of his theory...

[^12] From this Sadr derives the first principle of his theory: All natural wealth is part of the public sector and individuals gain the special rights to use them only on one ground, that is, labour characterized by development [of these resources] by the direct work [of the individual himself].

[^13] According to the above principle, an individual may not use other individuals to develop a natural resource in order to have the right of ownership of a large estate, for example; otherwise they will share the ownership and the benefits of that natural wealth on the basis of their labour. Islam totally rejects the capitalitic principle of individual ownership of vast natural resources on the ground that they are developed by the labour of others.

📌For the same reason, industries for the development of such natural resources as oil and minerals can be owned and managed only by the State. Notwithstanding the emphasis on public ownership of natural resources, Sadr introduces the concept of the "priority right of use" of natural economic resources by the individual. He states that those who possess the labour and will to exploit the resources have the right to gain access to them if such exploitation serves public interest. Notes: [^7].

"Al-Nazariyyah," 138. [^8]. Iqtisaduna, 433. [^9]. Ibid., 483. [^10]. Iqtisaduna, 519-520. [^11]. Ibid., 5 2. [^12]. "Al-Nazariyyah al-'Islamiyyah li tawzi'," 148. [^13]. Al-Sadr, Khutat tafsiliyyah `an iqtisad al-mujtama` al-'Islami (General Basis of Economics of Islamic Society), in al-Islam yaqud al-hayat, 88. Previous…

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