The aim of the study here is to highlight his argument and...

The aim of the study here is to highlight his argument and try to understand the structure of the Islamic economic system. His views in economics are part of his general political theory designed for the establishment of a complete Islamic social system. The behaviour of the Islamic economic system should be judged after the creation of an Islamic State, where the whole realm of socioeconomic human behaviour is determined according to Islam.

Sadr's major work in economics was written in 1960-61, and aside from the pamphlet that he wrote later in his life, the main argument of his thought is contained in one work, Iqtisaduna(`Our Economics'). The economy of the Islamic State, according to Sadr, is divided between that of the individual as the vicar of God (khalifah), and the ruler as the witness (shahid) who presides over the application of the laws of God.

The economic structure of the Islamic State thus consist of private property and public property. However, one should not think that the economic structure of the Islamic State is some sort of combination of capitalism and socialism. Sadr strongly rejects this misconception. He argues that the juxtaposition of private and public right of ownership stems from the fundamental beliefs of Islam.

[^1] This is similar to the way that private ownership is advocated in the capitalist system, or public ownership by socialist: as the logical conclusion of their ideological and philosophical beliefs. To justify private ownership and public ownership in Islam, one must understand the right and obliga­tions of the individual and the State in Islam.

They stem from man's basic relationship to other men, to the environment, and to God. The economic relations, however, are outcome of his inner instinct of self-love that "always drives him to seek good thins for himself, to secure his interest, and satisfy his needs.