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Islamic Economics system In the Eyes of Maulana Maududi-An Analysis

Author

Listed:
  • Farooq Aziz
  • Muhammad Mahmud

    (Federal Urdu University, Gulshan-e-Iqbal Campus Karachi
    Khadim Ali Shah Bukhari (KASBIT).)

Abstract

Attempt has been made to investigate the Islamic Economics System from the perspectives of Maulana Maududi. He is one of the greatest thinkers that Islamic world has ever produced. He was a great scholar, and has written a large number of books, articles and booklets on different aspects of Islam. Economics has been one of the fields of his interest. It may be said that at least in the Sub-Continent, he was the person, who has established “Economics of Islam” as a separate branch of knowledge. In this context, he has highlighted the characteristics, principles and objectives of this system. On the pattern set by him, a large number of Muslim economic thinkers have followed his line of thinking. According to Maulana Maududi basic principles of Islamic economic systems are: private ownership, limits of halal and haram, economic equality, free economy and welfare role of state. Whereas this system is established to achieve the objectives of human liberty, simultaneous development of material and moral growth, establishment of justice, equal distribution of wealth, fulfillment of basic needs of people and co-ordination between different groups of society.

Suggested Citation

  • Farooq Aziz & Muhammad Mahmud, 2009. "Islamic Economics system In the Eyes of Maulana Maududi-An Analysis," Indus Journal of Management & Social Science (IJMSS), Department of Business Administration, vol. 3(2), pages 45-50, December.
    • Handle: RePEc:iih:journl:v:3:y:2009:i:2:p:45-50
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    File URL: http://indus.edu.pk/RePEc/iih/journl/45-50_Islamic_Economics_system.pdf
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    More about this item

    Keywords

    Islamic economic system; Principles; Objectives.;
    All these keywords.

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • N3 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy

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