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Islamic Premier Economic Justice

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Eradication of Socio-economic Injustice

Islam promotes mutual goodwill and understanding between the Landlord and farmer-worker, mill-owner and labor, in order to enable them to run their affairs amicably without allowing the law to intervene. In the case of injustice, however, the Islamic government is legally bound to intervene and let the law take its course to provide justice to the aggrieved.

Nationalization and Public Interest

In the absence of suitable private management to run an industry or trade, the government can assume charge in the public interest. The same holds when a private-sector enterprise is run on lines detrimental to the national interest. However, Islam does not permit nationalization as a state policy. It does not allow the means of production to be monopolized by the government and the state to become the sole landlord, trade, and industrialist of the land.

Use of the public Treasury (Bayt al-Māl)

The Bayt al Māl is the Divine-cum-Public Property, with nobody enjoying an ownership right. Its affairs are to be looked after in consultation with public representatives. All receipts and issues of the Public Treasury are a sacred national trust and are subject to public scrutiny and accountability.

Quick Conclude

If social justice is taken to mean only economic justice, then what about the economic justice that Islam sets to establish? Can this not suffice to meet our needs? Let us seriously ponder over the basic issue: What is the obstacle that prevents us from establishing the rule of Shari’ah? Why can we not base our polity on the Islamic constitution that guarantees the people their basic rights, freedom, social justice, and economic welfare? Why can we not rise to provide the world with a model of governance which is free from the extremes of capitalism and communism?

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