 اسم اللہ الرحمن رہیم ، یہ ساموری سبچن 2.1 my book on Islamic economics for access to the other sections use the link on this page when we start studying Islamic economics five fundamental questions emerge why did Islamic economics emerge as discipline in the 20th century and not earlier and how can this knowledge be related to Islam when Islam as a religion was founded much earlier and what is the status of economics within the Quran and the Sunnah the original teachings because the modern teachings don't seem to be related to this original source also what is the status of economics in the thousand-year old intellectual tradition of Islamic scholarship again because modern Islamic economics doesn't seem to be connected to this tradition and also how did the how was the economics managed for a thousand years in the Islamic civilization answers to these fundamental questions will emerge over the course of the book but the key to understanding them is the dramatic change which occurred in the discipline of western economics over the past century economics and when you start it out as a massively عثور than because ڈو سنجریز ago what is rational to do ڈو انہو اور ایراتینہ ڈو to do and thebaby ڈل آئئڈیہ that the love of money is the root of all evil ڈول آئڈیہ are replaced by what bernard show called lak of money is the root of all evil and this is the foundational slogan of economics today that is why there appears to be no overlap لیکن اکنومیٹوں میں اور اس لام کیا کسی جو اکنومیٹ سے مح RTI حصابت ہے اور دو پر eigentlich اکوانا ہوتا ہے ، چاہے اس لام کے لئے اکاق شیط ہے اس لام کی محظوری پرانچی نمہ's پرانچی کسی جو اکنومیٹ کسی چاہتا ہے ایک اس لام کا محظوری پرانچی نمہ جو کی محظوری ہوتا ہوتا ہے When we think in terms of moral philosophy Islam places a lot of importance and economic questions two of the questions to be asked on the day of judgment will concern our earning and spending which must be permissible according to the Sharia the Islamic law so these can be considered as microeconomics within an Islamic framework because they deal with individual behavior there is also a lot of material on how states should behave in terms of what is permissible for them to tax and what are the permissible methods to spend what are the places where states are permitted to spend etc so the Islamic law provides fairly great detail on the permissible and the non permissible for state spending so fiscal policy is an important branch of Islamic economics to which both the intellectual tradition has been fairly rich and also the practice of state step spending over the period of the Islamic civilization has a lot of guidance because it has been based on the Sharia the Islamic law as we already discussed there seems to be no overlap between modern economics and Islamic economics because moral philosophy was replaced by utilitarianism and utilitarianism was a replacement for the concept of good and evil by pleasure and pain so basically if we think of morality as being motivated by pleasure and pain then the economics is based on that morality whereas Islamic morality is based on Islamic principles which are radically different modern Islamic economics is different from the ancient and the roots of the subject because it has emerged as a response to western claims of the superiority of capitalism and socialism it was born as part of the freedom struggle of the colonies against western imperialism and the Islamic economist chalked out an economic system according to Islam which would be different from and superior to both capitalism and socialism from a broader perspective colonization depends essentially on conquest of minds because a small handful of invaders cannot occupy a large country without actually some soft powers and this soft power is created by educating the colonized into believing themselves inferior so political independence has been achieved but intellectual independence from the chains of colonizing thought or the decolonization process has barely just begun