THE BASICS OF ISLAMIC ECONOMY

Abstract

Economy is a science which passes through economic process in human life and society. If this progress accomodates Islamic rules, it takes the name of Islamic Economy. There are some special principles in Islamic Economy: 1. The real patron of properties is Allah in Islam. These are deposits for person from Him. 2. The profit propertions are adjusted to their works in general. 3. The free market is applied as an economic model. 4. The unknown positions and opposition to Islamic rules are forbidden in economic relations. 5. There are some different acts to spread the properties for all people in Islamic Economy. 6. The condition of properties are advantage and legality in Islamic Economy. For that reasons Islamic Economy is different from Capitalism which tolerates all roads to profit and production. Also it is different from Socialism which refuses special ownership. Naturally it is accepted a spesial economic system.