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ISLAM – CAPITALISM OR SOCIALISM
Ali Engineer, Asghar
Ali Engineer, Asghar
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Abstract
"Islam has its central values like truth, justice and equality of all human beings. But these are core values of Islam which very favourably compare with modern concept of human rights, human dignity and social justice. But modern economic conditions and political ideologies have their own origin which has nothing to do with the economic conditions prevailing after Islam appears on the Arabian scene. On my visit to Cairo a few decades ago I found a book Al-Yamin wa Al-Yasar fi’l Islam (the right and left in Islam). I found this book quite interesting as the entire discussion in the book is with reference to the then prevailing conditions and how the first four rightly guided Caliphs followed different economic policies which had deep impact on social conditions in the Islamic world. Another book in this respect was published in 1977 by Prof. Khurshid Ahmed Fariq, who taught Arabic in Jamia Millia Islamia in Delhi. The title of the book is KLhilafat-e-Rashida ka Iqtisadi Jai’za i.e. economic survey of the period of Rightly Guided Caliphs. This book also discussed economic conditions then prevailing without any reference to modern ideologies. Undoubtedly Islam tried to create a just society in every respect as justice happens to be its core value and it was this core value of Islam which made W.C. Smith, a noted Islamic scholar who taught at Government College Lahore in thirties of last century that Islam was the first systematic attempt in human history to create a socio-economically just society. But soon, this attempt failed as much depended on personal inclinations of the Caliphs rather than on any systematic ideology."(PG 1)
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With permission of the license/copyright holder