What is the foundation of the Islamic economy?
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The sixth question of Fatwa No. ( 17627 )
Q6: What is the foundation of the Islamic economy?
A6: The Islamic economy is based on lawful trade, investing wealth in what Allah the Exalted has made lawful, in accordance with the rules and regulations of lawful transactions, which are built on the principle of permissibility and lawfulness in transactions, and avoiding everything Allah has forbidden therein, such as riba (usury or interest). Allah the Exalted said:[Al-Baqarah 2:275], and He the Exalted said: [Al-Jumu'ah 62:10]
Q6: What is the foundation of the Islamic economy?
A6: The Islamic economy is based on lawful trade, investing wealth in what Allah the Exalted has made lawful, in accordance with the rules and regulations of lawful transactions, which are built on the principle of permissibility and lawfulness in transactions, and avoiding everything Allah has forbidden therein, such as riba (usury or interest). Allah the Exalted said:
But Allah has permitted trade and has forbidden interest
وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَاAnd when the prayer has been concluded, disperse within the land and seek from the bounty of Allah, and remember Allah often that you may succeed.
فَإِذَا قُضِيَتِ الصَّلاَةُ فَانْتَشِرُوا فِي الأَرْضِ وَابْتَغُوا مِنْ فَضْلِ اللَّهِ وَاذْكُرُوا اللَّهَ كَثِيرًا لَعَلَّكُمْ تُفْلِحُونَ
Source
www.alifta.gov.sa
The Arabic text is copied verbatim from the original source, without any edits.