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The Theory of Public Benefit and Its Importance in Islamic Economics

Journal: Millennium Journal of Humanities and Social Sciences (Vol.2, No. 1)

Publication Date:

Authors : ;

Page : 27-43

Keywords : public benefit; satisfaction; Islamic economy; partnership; balance; individuals;

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The research deals with the importance of public benefit in Islamic economics. It shows the most important rules based on economic theory that calls for the centralization in owning means of production, the redistribution of income in a legitimate way. It also calls for the state intervention in the market through Islamic legislations that control the movement of capitals to achieve an effective goal represented by the elimination of poverty and the unemployment and the establishment of an economic system that imposes on the state through the theory of profit and loss in all its political decisions. These decisions must be based on the basis of serving the nation economically, serving its members and protecting the political system and economic interest to achieve a true balance among individuals to reach their spiritual and secular goal by facilitating their economic interests. The research shows how this theory achieves the actual partnership between the state and its members through the state's work to achieve the interest of individuals and the vice versa in accordance with the five rules imposed by the theory and represented by the following rules: -Money is for Allah and benefit is for all. -Public benefit is a guaranteed right for every member of the nation. -Balance of benefit. -Total satisfaction of all basic needs of individuals and enabling them to satisfy their luxury needs as much as possible. -Resurrecting the Islamic Nation as an economic force which is capable of facing the challenges imposed by the global system.

Last modified: 2021-02-18 16:42:34