A Brief Study on some Salient Features of Islamic Economic System

Abstract

This paper investigates about economic system based on Islamic Shariah. This shariah based economic system provides theoretical as well as practical guidelines and norms for all human beings generally but especially for its followers. The Shariah based economic system has authentic & valid rules for all ages of world and for all regions because these are universal. Furthermore this paper highlights that through earning and consuming according to Islamic principles betterment of both worlds can be assured. Besides these, this paper provides basic information about permitted earnings and prohibited earnings also. In the end, the solution of starvation and poverty is presented in which most of the countries of the world are involved in the present era.