The Islamic economic system is based on the teachings of the Quran and the Sunnah. It is a comprehensive system that covers all aspects of human life, including economics. The Islamic economic system is characterized by four key principles: equity, justice, consultation, and cooperation. These principles are applied to all aspects of the economy, including production, consumption, distribution, and investment. The aim of the Islamic economic system is to promote social welfare and to protect the rights of all members of society. This system is based on the belief that all resources belong to Allah and should be shared among humanity.
The Islamic economic system has several key features that distinguish it from other economic systems.
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