Muslim scholars have written extensively on the political and social theories of Islam but there isn’t enough material on the principles of economics. The few attempts at Shariah-compliant activities are mere window dressing and do not meet the requirements of Islamic law.
What will happen after the decisive abolition of personal ownership and how can disagreeing and contradicting affairs be removed between people? This question is the twentieth question put from the second founder of the communist party, or Engles, stated and answered in the book (Principles of communism). In reply he says: At a time when production increases so high in every field that every one of the people, have at their disposal, whatever they want without any limits so they lives in a high standard, free from want we will have no prejudism or difference, in this manner the roots of disagreement and contradiction will dry up!!!2
Without a doubt, the decline of the Communist system created a visible vacuum, which must, and is able to be filled, by the means of a genuine and strong system. Usually This conception exists that the arena of Capitalism stays empty and Capitalism is presented to the world as a scientific and acceptable system. We now look serious at what is the basic and foundational reasoning of Capitalism? On what foundation in musts and must notes be built and the systems worthiness? To what extent can the word (Scientific) be compared with this system? Are this system's foundations really impartial to religion, or is an anti religious system like Communism? Finally, to what extent can the word freedom be related to this system? We will read the answers, and others, in the first chapter of the second volume of the Iqtisaduna Translation.1
After explaining The complete Islamic economics in the earlier sections of this book, now, in the remaining part of the Iqtisaduna, it is the turn of debates and minor problems in the field of Islamic economy and in different economical fields, what are the specifically determined minor decrease and Islamic problems, for exampled in the work effect of ownership etc. Theses debates are specialized on in the remainder of the book.1
In The first section of this volume, we read about the characteristics of Islamic law and their points of disagreement with Capitalism and Marxism in the areas of: Hunting. Restoring barren land, arrogating work tools, hiring laborers, faming and forestry on seized land or with arrogated seeds, poultry farming with arrogated eggs, the Islamic verdict on the laborers who mistakenly thinks he has a right to land seeds, eggs and also fields, shepherding, bailment of capital, money landing for unlawful profit, wages, partnership, etc..1