Foundations of Islamic Economic Principles in Popular Economic Activities. معروف اقتصادی سرگرمیوں میں اسلامی اقتصادی اصولوں کی بنیادیں

Abstract

According to Islamic economic principles, usury (interest) is considered prohibited (haram). In the present era, efforts are being made to reduce interest in various economic systems, and Islamic banking systems are gaining popularity, providing interest-free transactions.

Islamic economic principles emphasize giving Zakat (obligatory almsgiving) and voluntary charitable donations. Strong Zakat systems are established in various Muslim countries to assist the needy and the poor.

Justice and fairness are highlighted in Islamic economic principles. In the current era, different countries are working towards making economic systems more just and equitable.

Promotion of hard work and earning a halal (lawful) livelihood is emphasized in Islamic economic principles. Opportunities for education and skill development are being created in various countries.

Islamic economic principles envision economic cooperation. Efforts are underway in different countries to promote economic cooperation and sustainable development based on Islamic societal systems.

Environmental protection and sustainable development are also emphasized in Islamic economic principles. Various initiatives are being taken in different countries for sustainable development.

Individual ownership rights are emphasized in Islamic economic principles. In the current era, there is a focus on promoting individual rights and human rights, along with the growth of the private sector.

In the present era, the application of Islamic economic principles is leading to Muslims achieving lawful earnings and improvement in justice. These principles contribute to economic development and provide solutions to economic challenges, ensuring that individuals fulfill their rights and responsibilities towards each other.

Keywords-  Islamic Economic, Popular Economic, Activities