Islamic Economy: A Critical Analysis on Capitalism

One of the greatest scholars in Islamic economy, especially in Shiism, is Martyr Muhammad Baqir Al-Sadr. He wrote the book “Iqtisaduna” [meaning “Our economy” in Arabic] to present an economic point of view according to the Islamic teachings. First, in his view, capitalism is criticized with some reasons which will be explained in the present article. He also claimed that Islam and capitalism are in conflict with each other. Finally, he explained the relationship between Islam and the economy and he suggested the Islamic point of view in relation to the economy. In this article, we will explain those claims.