Islam has answers to all economic problems. In view of the global economic crisis there are more people concerned & willing to consider / listen to alternative economic models.
Here we present an extract from the monumental work Iqtisaduna Our Economics ‘ by Allameh Baqr as-Sadr (Born-1934 Martyred: 9th April, 1980)
The book is titled ????? ???????? ?? ??????? (which should be translated as Usury-Free Bank in Islam and not interest-free because I it imposes a small interest [8% ] was extracted by the revered author then simplified from the original book titled Iqtisaduna. It is intended to be a simple presentation of a grand idea.
Vol 1 part 1
What will happen after the decisive abolition of personal ownership and how can disagreeing and contradicting affairs be removed between people? This question is the twentieth question put from the second founder of the communist party, or Engles, stated and answered in the book (Principles of communism). In reply he says: At a time when production increases so high in every field that every one of the people, have at their disposal, whatever they want without any limits so they lives in a high standard, free from want we will have no prejudism or difference, in this manner the roots of disagreement and contradiction will dry up!!!
This answer which is more like a dream or delusion is a true and confirmed promise which (Engles) gives his communist comrades.
Today, after seventy years of domination, the origin of Communism in Russia has caves in and left a broken, weak country with destitute, unfortunate people those dreams, and golden imaginations can still put a great deal of the teenagers to sleep and in the way of those dreams, prompt them, to ruin, devastation and corruption – which are the main action methods of the communist auxiliary forces – especially taking notice that the origin of communism are interesting words like being scientific, revolutionary work, allocating the reason of being a slave or pioneer to oneself, and with different slandering convict others. Still extensive areas of today’s world have, unfortunately, under the rule and influence of this decaying thought. Yes, in this world of men, a flock are woken under the painful blows of truth, but at the same time, this background still remains that under the charm of those imaginative dreams, another, new flock will fall asleep and become unlucky. Because of this analyzing the thoughts of the communism economical dreams and its scientific criticism, continuously has a heavy responsibility.
This volume of the Iqtisaduna translation, deals with this responsibility in a very high standard.
Vo1 1 part 2
Without a doubt, the decline of the Communist system created a visible vacuum, which must, and is able to be filled, by the means of a genuine and strong system. Usually This conception exists that the arena of Capitalism stays empty and Capitalism is presented to the world as a scientific and acceptable system.
We now look seriou9s at what is the basic and foundational reasoning of Capitalism? On what foundation in musts and must notes be built and the systems worthiness? To what extent can the word (Scientific) be compared with this system? Are this system’s foundations really impartial to religion, or is an anti religious system like Communism? Finally, to what extent can the word freedom be related to this system? We will read the answers, and others, in the first chapter of the second volume of the Iqtisaduna Translation.
In another section of this volume we will be acquainted with the foundations of the Islamic economy, an economy whose explanation and exposition form the main aim of this book. In this part of the book, debates on principles and it’s foundations will be sufficient.
The principle of economical difficulties is generally debated in this book and essential Islamic solutions are brought forth.
Of this volumes debates are: A principal discussion on how the contradicting and opposing blind knots between social and personal affairs can be solved in economical fields? In there no Solution for the existing contradiction or must this opposition, as always, pull the economical field into ruin? How and in what manner does religion, on this subject, enter the scene? What does it how to say to unite this blind knot and solve the contradiction?
Vol 2 part 1
After explaining The complete Islamic economics in the earlier sections of this book, now, in the remaining part of the Iqtisaduna, it is the turn of debates and minor problems in the field of Islamic economy and in different economical fields, what are the specifically determined minor decrease and Islamic problems, for exampled in the work effect of ownership etc. Theses debates are specialized on in the remainder of the book.
In this manner, after explaining the assemble of laws and juristically problems, a special efforts has been made by the compiler so that the collection of jurisprudence laws be formed in one complete frame, and a general extended explanation is gained on them. This is an effort of jurisprudence new and recently discovered, and considered the main aim of this books part.
The author, for this reason, considers this book only an effort and no more, he relates to Islam without regarding those general and common frames and is a point the author stresses on to interest the readers, so the deviations caused by ignorant and irresponsible writers and their general inference to Islam are put aside.
Without a doubt, the point is Islam doesn’t completely tie hands in economics and that the economical depression and other backbreaking problems approves of partnership and unlimited and unrestrained Capitalism freedom is not accepted. As the debate arrives at the elaborate problems of economical jurisprudence, on every subject, The opinion of Islam must be founded with verses and traditions coinciding with that subject, and every special decree must be accompanied with jurisprudential and expert care, not uncalculated general talk and subjected to a fatwa. The third volume of the Iqtisaduna’s translation, is an extended effort of the general inferences made about special and minor instance in the filed of land mine ownership and other area.
Vol 2 part 2
In The first section of this volume, we read about the characteristics of Islamic law and their points of disagreement with Capitalism and Marxism in the areas of: Hunting. Restoring barren land, arrogating work tools, hiring laborers, faming and forestry on seized land or with arrogated seeds, poultry farming with arrogated eggs, the Islamic verdict on the laborers who mistakenly thinks he has a right to land seeds, eggs and also fields, shepherding, bailment of capital, money landing for unlawful profit, wages, partnership, etc..
We must take note that in all these fields we usually accompany the eminent author in searching and exploring some of the common and general laws which can be conformed into wider fields, It’s this point that turns the discussion into a one hundred percent expert discussion and not a practical debate on jurisprudence for the public our author deals with and explains extensively about this point at the beginning of the book.
After concluding this expert and specific debate, the esteemed author begins a new discussion titled: (The Relationship of Religion and production.). Here we read about the characteristics and Islamic law differences in the areas of: Production Increase: Production aim: The Connection between production, distribution and delivery: The relationship of production and distribution and finally who is production for.
The last debate in the book, titled (Government Responsibility Towards Islamic Economics) explains exclusively the Islamic methods of guarantying the minimum amount of a person’s livelihood and the method of increasing that minimum to a social balance and equality. Finally. He explains the government limits and power to remedy the economical problems.
At the end of the book there are also sixteen appendixes which have extended and sometimes detailed debates and usually here we read the expert and jurisprudence discussions on a higher level from the book. For example: a discussion on ownership decrees about land conquered by Islam. A debate on whether the laws on (Foreign) land also concerns barren land and the effect of stacking stones around and marking barren land etc.
The Original Title: Arabic: Iqtisaduna
Author: Sayyid Muhammad Baqir as-Sadr
Translated By: Board of Writing,Translation and Publication Of WOFIS
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