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Chapter VII

Economics and Finance

Economics and Finance

Islam presents a balanced and ethical framework for economics and finance rooted in justice and accountability.
The Qur’an emphasizes fairness in trade, honesty in transactions, and the prohibition of exploitation.
Wealth is viewed as a trust (amanah) from Allah, not an absolute ownership without responsibility.
The system strongly condemns riba (interest) and promotes risk-sharing and lawful earnings.
Zakat and voluntary charity ensure social balance and reduce economic inequality.
Islam encourages productivity, lawful business, and ethical entrepreneurship.
Financial dealings must be transparent, documented, and free from fraud or deception.
Spending should avoid extravagance and miserliness, maintaining moderation in all matters.
Economic activity is connected to moral accountability in the Hereafter.
Thus, Islamic economics integrates faith, ethics, and financial responsibility into a comprehensive way of life.

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