Answering Questions Through The Holy Qur'an: What is the best economic system?

What is the best economic system?

2:275 Those who consume interest cannot stand except as stands the one who is confounded by Satan with touch. That is because they say, "Trade is like interest." But Allah has permitted trade and has forbidden interest. So whoever has received an admonition from his Lord and desists may have what is past, and his case with Allah . But whoever returns - those are the companions of the Fire; they will abide eternally therein.

2:278 O you who believe, fear Allah and give up what remained of usury, if you are believers.

2:279 And if you do not, then be informed of a war from Allah and His Messenger. And if you repent, then for you is your capital - do not wrong and you will not be wronged.

2:280 And if the (debtor) is in difficulty, then postponement until ease. And if you remit (it) as charity, (it is) better for you. If you know.

3:130 O you who believe, do not eat usury doubled (and) multiplied. And fear Allah so that you may be successful.

(The banking system in non-Muslim countries produces social harm)(Allah knows best)

30:39 And what you give for usury to increase in the wealth of people, (will) not increase with Allah. But what you give of zakah (charity) desiring the Countenance of Allah, then those (will) get manifold.

7:85 And to Madyan, his brother Shuaib. He said, "O my people, worship Allah, you have no god other than Him. Verily, there has came to you a clear proof from your Lord. So give full measure and weight and do not deprive people of their things and do not cause corruption in the earth after its reformation. That is better for you if you are believers.

83:1 Woe to those who give less, 83:2 Those who, when they take a measure from people, they take in full, 83:3 But when they give by measure to them or they weigh for them, they give less.

2:219 They ask you about intoxicants and the games of chance Say, "In both of them there is great sin, and benefits for people. But their sin is greater than their benefits.” And they ask you about what they should spend. Say, "The surplus." Thus Allah makes clear the Verses to you, so that you may ponder,

17:26 And give the relatives his right, and the needy, and the wayfarer, and do not spend wastefully.

9:60 The charities are only for the poor, and the needy, and those who collect them, and those whose hearts are inclined, and in the (freeing of) the necks, and for those in debt and in the way of Allah, and the wayfarer - an obligation from Allah. And Allah is All-Knowing, All-Wise.

9:34 O you who believe, indeed, many of the rabbis and the monks surely eat the wealth of the people in falsehood, and hinder from the way of Allah. And those who hoard the gold and silver, and do not spend it in the way of Allah, give them tidings of a painful punishment.

2:177 It is not righteousness that you turn your faces towards the east and the west but righteous is he who believes in Allah , the Last Day, the Angels, the Book, and the Prophets and gives wealth in spite of love for it to the near relatives, the orphans, the needy, the wayfarer, and those who ask, and in freeing the necks (slaves); and who establish prayer and give zakah and those who fulfill their covenant when they make it; and those who are patient in suffering, hardship, and periods of stress. Those are the ones who are true and it is those who are the righteous.

2:264 O you who believe, do not render in vain your charities by reminders (of it) or hurting, like the one who spends his wealth (to) be seen (by) the people, and does not believe in Allah and the Last Day. Then his example (is) like (that of a) smooth rock on which (is) dust, then heavy rain fell on it, then left it bare. They have no control on anything of what they (have) earned. And Allah does not guide the disbelieving people.

2:155 And surely We will test you with something of fear, and hunger, and loss of wealth, and lives and fruits, but give good news to the patient ones.

59:7 What Allah restored to His Messenger from the people of the towns, it is for Allah and His Messenger and for the kindred and the orphans and the needy and the wayfarer, that it may not become a circulation between the rich among you. And whatever the Messenger gives you, take it; and whatever he forbids you from it, refrain. And fear Allah. Indeed, Allah is severe in penalty. 59:8 For the poor emigrants, those who were expelled from their homes and their properties, seeking bounty from Allah and pleasure and helping Allah and His Messenger. Those, they (are) the truthful. 59:9 And those who settled (in) the home and (accepted) faith before them love (those) who emigrated to them, and they (do) not find any want in their breasts of what they were given but prefer over themselves, even though poverty was with them. And whoever is saved (from the) stinginess (of) his soul, then those [they] (are) the successful ones.

3:195 Then their Lord responded to them, "Indeed, I will not let go waste the deeds of the doer among you, whether male or female; you are of one another. So those who emigrated and were driven out from their homes, and were harmed in My way and fought and were killed - I will surely remove from them their evil deeds, and I will surely admit them to Gardens beneath which rivers flow - a reward from Allah. And Allah - with Him is the best reward."

Answering Questions Through The Holy Qur'an

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Wednesday, May 4, 2016

What is the best economic system?

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