The Economic System of Islam — Page 152
152 an essential requirement of Islamic philosophy, 37 needed to provide incentives and healthy competition, 39 Individual initiative promoted by Islam, curbed by Communism, 73 Individualistic economic system defined, 16 Inheritance and redistribution of land under Islamic law, 88 Intellectual Excellence not recognized in Communism, 103 Interest not rejected in the Communist philosophy, 97 Interest (rib a ) as an instrument of economic control, 53 defined, 54 prohibition of, 53 Islam redistributes wealth by persuation, not compulsion, 101 Islam’s Economic Philosophy foundation of, 17 Islamic economic system compared to a well- planned orchard, 16 four basic features of, 71 fundamental same as those of Islam itself, 17 Islamic Economic System essence of, 39 Islamic history slavery never used as an instrument of economic development, 31 Islamic system operation of, in land ownership, 90 Jewellery allowed for women within limits, 46 Karl Marx writings on Communism derive their origin in the industrial setting, 87 Khumus defined, 61 Kingdoms a trust from God, 3 Kingship no room for hereditor, in Islam, 10 Laghw defined, 45 Islam does not approve of, 45