First Principles of Islamic Economics by Sayyid Abu’l A‘la Mawdūdī

First Principles of Islamic Economics

Author: Sayyid Abu’l A‘la Mawdūdī
Binding: Paperback
Category: Islamic Economics / Islamic Studies / Political Philosophy
Recommended For:

• Students of Islamic economics and finance

• CSS, PMS aspirants (Islamic Studies & Current Affairs)

• Scholars, researchers, and policy makers

• Readers seeking an Islamic perspective on modern economics

Key Points

1. Foundational Framework of Islamic Economics
   A comprehensive presentation of economic principles derived from the Qur’an and Sunnah, aimed at building a moral and just economic order.

2. Concept of Ownership and Stewardship
   Emphasizes that all wealth belongs to Allah and humans are trustees, bound to use resources ethically and responsibly.

3. Prohibition of Riba (Interest)
   Critically analyzes the damaging effects of interest-based economies and presents alternatives based on risk-sharing and equity.

4. Wealth Circulation and Social Justice
   Details mechanisms like zakat, sadaqah, and inheritance laws to ensure wealth redistribution and eliminate exploitation.

5. Islamic Guidelines for Trade & Commerce
   Covers honesty, transparency, and fair dealing in market behavior; condemns monopolies, fraud, and economic hoarding.

6. Critique of Secular Economic Systems
   Contrasts Islamic economics with capitalism and socialism, pointing out their moral shortcomings and economic injustices.

7. Vision of a Just Society
   Advocates for an economy rooted in spiritual values, economic justice, and the collective well-being of society.