Introduction
The Islamic Economic system is a system which is in conformity with the rules
of Shariah.This point has been
clarified more explicitly in the following verse:
"And seek the (betterment of the) Ultimate Abode with what
Allah has given to you, and do not neglect your share from this
world, and do good as Allah did good to you, and do not seek to
make mischief in the land." (28:77)
This verse fully explains the Islamic point of view on the question
of property. It places the following guidelines before us:
(1) Whatever wealth man possesses has been given by Allah. (2) Man has to use it in such a way that his ultimate purpose
should be to seek the bounties and blessings of Allah in this
world and hereafter. (3) Since wealth has been given by Allah, its use by man must
necessarily be subject to the commandment of Allah. Now, the Divine Commandment has taken two forms:-
a) Allah may command man to convey a specified
production of "Wealth" to another man.It comes to mean that so long as the means
of livelihood are being used only as a path leading towards thefinal destination, they are the benevolence of Allah, but as soon
as man gets lost in the mazes of this pathway and allows himself
to forget his real destination, the very same means of livelihood
turn into a "temptation" or into a "trial":
"And be aware that your possessions and your children are but
a trial." ( 8:28). The Holy Quran has enunciated this basic truth very precisely in
a brief verse:
 "And seek the (betterment of the) Ultimate Abode with what
Allah has given to you."(28:77)
This principle has been stated in several other verses too.This attitude of the Holy Quran towards "the economic activity"
of man and its two aspects would be very helpful in solving
problems of man in Islamic economics. 2. The real nature of wealth and property
The other fundamental principle, which can help solve the problem
of the distribution of wealth, is the concept of 'wealth' in Islam. Allah delegates the right of His property over a thing,
which accrues to man, to Him. The Holy Quran explicitly says:
Give to them from the property of Allah which He has bestowed
upon you."(24:33).