Economic system is a component of the total scheme of life in Islam

Chapter 1

1.     
Economic system is a component of the total scheme of life in Islam:
    A close study of the economic systems operating in human society in various periods of history reveals a deep-rooted link between the economic system and the view of life espoused by members of the society. It is the view of life which in every age has shaped and directed economic organization and institutions in a society.

In order, therefore, the devise the best strategy for the solution of the economic problem of man we need to discover the view of life which satisfies all the demands of human nature and is in harmony with the realities of the universe.

Two concept of life:

    Despite minor differences man, since the dawn of history up to the present day, has based his practical life on the two concepts.

·         Materialistic concept of life
·         Moral concept of life

    The material concept of life views man as an animal whose sole object is to satisfy his inborn physical needs. The rules and regulations and values, which govern his social life, are designed to ensure the fulfillment of material wants. The materialistic view of life is completely devoid of any concept of subservience to a sovereign above man and man’s accountability to Him.

    This concept of life naturally and logically leads to an individualistic approach to life where every man lives for himself and the object of every man is to secure maximum pleasure and comfort for himself. In a Society based on materialistic approach to life, aggressive selfishness, cut-throat, competition and ruthless conflict between individuals will overshadow all aspects of life.
The feudal systems of the middle Ages in Europe, modern capitalism or communism are all product of the materialistic concept of life. That is why the social order created by them, despite certain differences in their economic organization or institutional framework, has always been divided into an upper and a lower class. This class division has confined the fruits of economic progress to a particular coterie and deprived the majority of people of basic necessities of life.

    In contrast to the materialistic approach to life the moral concept of life is rooted in particular view of the universe and man. According to this view the infinitely vast universe has not come into existence by its self or as a result of some accident. It has been purposely created by an Ever-Living, Eternal, omnipotent Being, Allah. The purpose behind the creation of the universe is that man should use its resources to improve his worldly life in such a way as to gain the success in the eternal life in the hereafter.
    This concept of life does not regard man as merely an animal but as the vicegerent of the Lord of the universe. Hence it is obligatory upon him to use the resources of the universe in accordance with the will of its creator and Master. Man should base his actions on the firm faith and conviction that compliance with Allah’s Will will promote his own interest. The genuine will of the Lord of universe is embodied in His Revealed Books, the final and the most authentic of which is the Holy Quran; and in the Sunnah (example) of the Prophets (peace be upon them), of which the most authoritative form is the Sunnah (example, way) of the Last Prophet, Muhammad (S.A.W).
                Belief in the moral concept of life necessitates that:
·         Man should subordinate all his actions in every phase of life to the Will of his Creator.
·         He should make full use of all obtain welfare in the real and eternal life in the hereafter.
·         His goal should be to obtain welfare in the real and eternal life in the Hereafter.

·       ·     He should function as a responsible being answerable for all his deeds, big or small, to His Lord. These traits will develop in man an outlook on life, which will eliminate aggressive self-interest  and  inhuman class conflict and replace it with the mutual sympathy, cooperation, self-sacrifice and charity. Thus a society will be born in which man will enjoy real happiness, peace and tranquility.


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