Islamic Economics is guided by the basic values of Islam so the injunctions of the Holy Qur'an and the Sunnah are taken into account in pursuing different economic activities. In Islam, social welfare is maximized if economic resources are so allocated that it is impossible to make any one individual better off by any rearrangement without making anyone or some others worse off within the framework of the Qur'an and the Sunnah. Anything which is not expressly prohibited in the Qur'an or the Sunnah but is consistent with the spirit of the same way be styled as Islamic. We find no harm in having such activities to be carried out in the Islamic economic system. The Islamic view of life processes in unique not only for its predominant emphasis on ethical norms, but also because of its being "complete". Also, since this view is internally consistent, it can form the basis of scientific generalizations about an Islamic economy.
In Islamic ethical system, man occupies the central place in the Universe. Hence it is his primary duty to realize in this world his thermometric potentialities. At any rate, he is fully responsible for whatever he does both in this world and on the Day of Judgement: "And every man's augury have. We fastened to his own neck" Within the unitary Islamic philosophy, man's individual and collective actions are merely facets of an "integrated" thermometric being, who is simultaneously an extrovert as well as introvert.
Islam ethical system, which encompasses man's unity life on earth in its entirety, resides eternally prefigured in the concept of unity, which in an absolute of unity constitutes the vertical dimension of Islam. It integrates, along a vertical line, the political, economic, social and religious aspects of man's life into a homogeneous whole, which is consistent from within as well as integrated with the vast universe without. Within the compass of one immaculate, divinely revealed vision, unity shows the inter related of all that exists. Mankind has been united not only in the knowledge of God, but also in man's knowledge of each other. Indeed, the two models of knowledge are facets of the pursuit of the ultimate truth.
In Islamic ethical system, man occupies the central place in the Universe. Hence it is his primary duty to realize in this world his thermometric potentialities. At any rate, he is fully responsible for whatever he does both in this world and on the Day of Judgement: "And every man's augury have. We fastened to his own neck" Within the unitary Islamic philosophy, man's individual and collective actions are merely facets of an "integrated" thermometric being, who is simultaneously an extrovert as well as introvert.
Islam ethical system, which encompasses man's unity life on earth in its entirety, resides eternally prefigured in the concept of unity, which in an absolute of unity constitutes the vertical dimension of Islam. It integrates, along a vertical line, the political, economic, social and religious aspects of man's life into a homogeneous whole, which is consistent from within as well as integrated with the vast universe without. Within the compass of one immaculate, divinely revealed vision, unity shows the inter related of all that exists. Mankind has been united not only in the knowledge of God, but also in man's knowledge of each other. Indeed, the two models of knowledge are facets of the pursuit of the ultimate truth.
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