Iqtisaduna

Iqtisaduna ( Arabic : "Our Economics") is a major work on Islamic economics by prominent Shia cleric Muhammad Baqir al-Sadr . Written between 1960 and 1961 , it is al-Sadr's main work on economics, and still forms much of the basis for modern Islamic banking . In Iqtisaduna , al-Sadr strives to show that Islam has answers to problems of the modern world by presenting an Islamic alternative to both capitalism and socialism . He rejects socialism on the basis that Islam distinguishes between the individual and the ruler in an Islamic state in a manner that requires a distinction between private and public property. However, he also rejects capitalism's notion that private property is justified in its own right, arguing instead that both private and public property originate from God, and that the rights and obligations of both private individuals and rulers are therefore dictated by Islam. He also rejects the conclusion that this makes Islamic economics a mixture between capitalism and socialism, arguing that capitalism and socialism each come about as the natural conclusion of certain ideologies, while Islamic economics comes about as the natural conclusion of Islamic ideology and therefore is justified entirely independently of other systems of economics.

Our Economy ( Arabic : اقتصادنا"Iqtisaduna") is a major work on Islamic economics by prominent Shia cleric Muhammad Baqir al-Sadr . Written between 1960 and 1961, and published in 1982, it is al-Sadr's main work on economics, and still forms much of the basis for modern Islamic banking . In Our Economy , al-Sadr strives to show that Islam has answers to problems of the modern world by presenting an Islamic alternative to both capitalism and socialism . He rejects socialism on the basis that Islam distinguishes between the individual and the ruler in an Islamic state in a manner that requires a distinction between private and public property. However, he also rejects capitalism's notion that private property is justified in its own right, arguing instead that both private and public property originate from God, and that the rights and obligations of both private individuals and rulers are therefore dictated by Islam. He also rejects the conclusion that this makes Islamic economics a mixture between capitalism and socialism, arguing that capitalism and socialism each come about as the natural conclusion of certain ideologies, while Islamic economics comes about as the natural conclusion of Islamic ideology and therefore is justified entirely independently of other systems of economics.

1962 book by Muḥammad Bāqir aṣ-Ṣadr Our Economy ( Arabic : اقتصادنا"Iqtisaduna") is a major work on Islamic economics by prominent Shia cleric Muhammad Baqir al-Sadr . Muhammad Baqir Al-Sadr was born on Kadhimiyeh , Baghdad in 1935. The book written between 1960 and 1961, and published in 1982, it is al-Sadr's main work on economics and one of his most significant works, and still forms much of the basis for modern Islamic banking . First translate to English done in 1982 by Iranian government and after that the book translated to German in 1984 by a young German orientalist. Introduction to Islamic Economics: Theory and Application (Reprint ed.). "38 Years After Saddam's Heinous Execution of the Phenomenal Philosopher Ayatollah Al-Sadr and his Sister" . moderndiplomacy.eu. Pioneers of Islamic Revival (illustrated ed.).