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responses to kuran and some comments

Reader comment on item: Islamic Economics: What Does It Mean?
in response to reader comment: MUSLIM LAKE

Submitted by abu ashfaq (Canada), Oct 11, 2008 at 19:01

Kuran poses to be giant but seems to be willfully sidelining the truth. Almost all western orientalists say that Ibne Khaldoon(1336-1406) is the father-of economics. How could he make Mawdudi that father? Even before Khaldoon, Tayeimia, Ibnel Qauiem,Tusi,Abu Yusofe, Abu Ubaid wrote extensively on economics.Could he consult them he would not reach such a nonsense conclusion.He takes that Ijara, mujaraba,murabaha etc seems like that of inererst and these cointain thinly an element of interest when appiled in modern islamic banking.Let me ask him whether ijara, mujaraba, murabaha deveoped earlier or interest?If not,how ijara can follow interest?

Secondly,history has proven that zakah and awkaf eradicated poverty from the muslim polity. read William Hunter's The Indian Musalman. is he aware of the fact that upto the administration of caiph umor ibna al-aziz, the economy grew so strong that no one was found to take zakah. zakah still can do that provided zakah is collected and distributed by the state authority as per law provided by the Quran and sunnah. imagine how much zakah can be collected @20% on minerals like oil,gas, gold, iron and so on possessed by muslim world.. i am sorry to say that Kuran hopelessly failed to grasp and appreciate the immense potential of zakah to eradicate poverty and create an egaltarian society.

his third concluison is that economic moralty has no effect on economic behaviour. this conclusion is half- true in secular and non-islamic societies.in islamic societies it is squarely untrue. Because islam's first task is to build morality and protect morality by law.if morality is built adequately and properly,it has to work on economic behaviour without fail.

Let me now tell them something who made comments to the article.Most of thecomments do not touch the academic fabric of the work of Kuran and for that matter of Daniel Pipe.They are simply 'badmouth' terming islamic economics and banking bogus,terror financing.some of them abused Quran in such slang words that make doubt about their sanity. They are perhaps small boys and have no study of their own religions apart from that of the Quran.I simply advise them to READ THE QURAN_ THE FINAL REVELATION.Along with it they should read the latest version of the Holy Bible prepared by the highly esteemed board of 32 christian theological scholars.They should also read the current writings on the walls of history."we are not going to win the war in afghanistan"-british NATO commander and the collapse of wall street capitalism.It is now the turn of islam to play its historic role in the civilizational history of the world. The sooner you realize this eventuality,the better for you and all


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