Moral Values of Islamic Economy
Demand for Kosher-halal:
Islam gives very much those resources on which life depends. It explains the emphasis and importance in demand of kosher-Halal that in case of uneven distribution of wealth brings for the moral values of the Islamic economy. It means adverse impacts on human social life. This bitter reality that it is necessary for every Muslim to take care clearly divides the society into two groups. One is of the completion of the lawful and unlawful in getting the group of houses that enjoys all the basic facilities of life daily provision. Unlawful must not get mixed up and possesses the resources more than its share. With one’s property at any cost. The messenger of Allah whereas, the other group is for those that have hardships says. of making both ends meet. It is due to not having Search of the lawful provision is the biggest obligation judicious reforms in the economic system. If a judicious after the obligatory worship.system in the economy is implemented, a basic facility for So, getting lawful provision is given so much having a life to every human being can be made available. The importance is Islam, that the Shariat has ranked it The Islamic system of the economy does not uphold the second to the obligatory worship. It very clearly equal distribution of wealth. It rather upholds the determines that lawful provision is made much important judicious distribution because, if all human beings in the Islamic Sheriat. Share equal distribution of wealth, then life may come to the writer of Kashf-al-Ghmah, a famous book of the a standstill in many matters. It is essential to let the life go Traditions, mentions the tradition of the holy prophet in on in a better by having someone a laborer and the other which the messenger of Allah says. One a capitalist. If there are no laborers in the world, the mode of worldly life gets difficult to go on battery. “Do not sleep ignoring the need of your provision after Allah Has Pointed out this in the Holy Qur'an by offering the morning prayers, because the morning sleeps Saying. And it is we who have distributed the daily response provision”
Labor:
Labor is one of the moral values of the Islamic system of economy. The shariat of Islam encourages every person for labor, as it demands everyone to work to get one’s livelihood. Everyone should work hard upto his/her capacity keeping the concept and taking care of lawful and unlawful. When the prophet was asked by the people to let them know what sort of earning was best? The messenger of Allah replied. “Earnings by one’s hands and every sort of lawful trade”
The Status of Laborer in Islam:
Islam, without any doubt, gives a laborer a very important status. Islam has not forgotten this most important factor of production, that is, labor and laborer at any place. Allah says in the Holy Quran. “And when the prayer is finished, then disperses in the land and seeks of Allah’s grace and remember Allah much, that you may prosper”
Selling Goods of Business with Pointing out the Fault:
Usually it happens that the seller hides the faults and defects of his/her business goods and in this way the buyer is deceived. The Islamic sharia, through its economic system strongly prohibits this kind of cheating. It is not lawful for a Muslim, in any case, to sell and buy such defective goods unless the defects are clearly pointed out to the other party. The Holy prophet in this regard, had said. “Allah remains always the unhappy with a person who sells defective goods without letting it known to the buyer. And the angels keep on cursing such a seller on a permanent basis”
Mutual Understanding and Willingness:
It is very much necessary in business matters, that both the parties should have an agreement and willingness. If a seller or buyer is not satisfied, then forced deal is not lawful in the Shariat. In this regard Allah says. O the believers! Do not eat up one and other’s property in an unlawful way, lest you have business with mutual willingness.
Fulfillment of the Needs of Justice in the Mode of Measurement:
Sometimes, a seller goes unjust with a buyer because he charges full price of the goods, but lessens the measurement at the time of purchase. The Islamic system of economy very strongly ends such kind of cheating. It makes it a binding on the seller that he must not indulge in any kind of access and exploitation with the other party in regard of measurement and there must not be any injustice.
