عالمى معاشى افكار اور اسلامى معاشى فكر

ڈاکٹر منظور احمد الا زہری - ڈاکٹر سید محمد عبدالرحمن شاہ

Abstract

This article aims to present a concise overview regarding global economic ideas and its historical development with brief evaluation of capitalism and communism as well as question of laissez-faire and concept of ownership in relation to Islamic economic thought.What are the rudiments, fundamentals and historical sketch of these systems? Measuring them analytically vis-à-vis their comparative examination has been taken into account to visit the characteristics of prevailing as well as outdated and nonoperational economic systems. As capitalism emphasis on eagerness to find wealth where billionaires are about to getting more and more ignoring various other ethical perspectives and paying no attention to the poor classes of society. Communism claiming equality remained also not compatible to sustain around the globe as a balanced and stable system. At the end this article predicts that other than Islamic economic thought no system may fulfill the natural need of global economy and it also recommends that Islamic Scholars have to present an alternative full-fledged practical model for economics.