Explain the Muslim society & economy.

Answers

Answer 1

Answer

Islamic society may refer to: A society in which Islamic culture is dominant. Mosque, or Islamic Center – the place of Muslim prayer. Category:Mosques. Category:Islamic organizations of various types. According to Nomani and Rahnema, Islam accepts markets as the basic coordinating mechanism of the economic system. Islamic teaching holds that the market, given perfect competition, allows consumers to obtain desired goods and producers to sell their goods at a mutually acceptable price.

Explanation:

Islamic commercial jurisprudence entails the rules of transacting finance or other economic activity in a Shari'a compliant manner,[5] i.e., a manner conforming to Islamic scripture (Quran and sunnah). Islamic jurisprudence (fiqh) has traditionally dealt with determining what is required, prohibited, encouraged, discouraged, or just permissible,[6] according to the revealed word of God (Quran) and the religious practices established by Muhammad (sunnah). This applied to issues like property, money, employment, taxes, loans, along with everything else. The social science of economics,[6] on the other hand, works to describe, analyse and understand production, distribution, and consumption of goods and services, and studied how to best achieve policy goals, such as full employment, price stability, economic equity and productivity growth.[8]

Early forms of mercantilism and capitalism are thought to have been developed in the Islamic Golden Age from the 9th century and later became dominant in European Muslim territories like Al-Andalus and the Emirate of Sicily.

The Islamic economic concepts taken and applied by the states Age of the Islamic Gunpowders and various Islamic kingdoms and sultanates led to systemic changes in their economy. Particularly in the Mughal India,[14][15] its wealthiest region of Bengal, a major trading nation of the medieval world, signaled the period of proto-industrialization, making a direct contribution to the world's first Industrial Revolution after the British conquests.

In the mid-twentieth century, campaigns began promoting the idea of specifically Islamic patterns of economic thought and behavior.[23] By the 1970s, "Islamic economics" was introduced as an academic discipline in a number of institutions of higher learning throughout the Muslim world and in the West.[5] The central features of an Islamic economy are often summarized as: (1) the "behavioral norms and moral foundations" derived from the Quran and Sunnah; (2) collection of zakat and other Islamic taxes, prohibition of interest (riba) charged on loans.

Advocates of Islamic economics generally describe it as neither socialist nor capitalist, but as a "third way", an ideal mean with none of the drawbacks of the other two systems. Among the claims made for an Islamic economic system by Islamic activists and revivalists are that the gap between the rich and the poor will be reduced and prosperity enhanced by such means as the discouraging of the hoarding of wealth, taxing wealth (through zakat) but not trade, exposing lenders to risk through profit sharing and venture capital,[35][36][37] discouraging of hoarding of food for speculation, and other activities that Islam regards as sinful such as unlawful confiscation of land. However, critics like Timur Kuran have described it as primarily a "vehicle for asserting the primacy of Islam", with economic reform being a secondary motive.

Recently and as a complement to Islamic economics, the field of Islamic entrepreneurship or entrepreneurship from an Islamic perspective has gained traction. Islamic entrepreneurship studies the Muslim entrepreneur, entrepreneurial ventures, and contextual factors impacting entrepreneurship at the intersection of the Islamic faith and entrepreneurial activities.

Sorry if this doesn't help. All text is from https://en.wikipedia.org/wiki/Islamic_economics


Related Questions

Question 9
Which of the following describes why President Clinton used the U.S.
military in the Balkans?

Answers

The reason why President Clinton used the U.S. Military in the Balkans was to end violent conflict between ethnic groups.

Why was the U.S. Military used in the Balkans?

As a result of the division of Yugoslavia, violent conflict broke out in the Balkans which led to ethnic cleansing.

As a result, the U.S. sent in the military to end the conflict between both areas and to ensure that weaker groups were protected.

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TAXES
What is the political cartoonist's message in the cartoon above?
Taxation encourages taxpayers to spend money.
Taxes are necessary for building roads and schools.
Taxes are a heavy burden for the taxpayer.
Taxes are a constant in life.

Answers

Answer:

taxes are a heavy burden for the taxpayer

Explanation:

the person is carrying tax on their back and its obvious the tax is difficult to carry because of its size, that represents the heavy burden

What spread throughout the city of Athens as a result of 'bad' grain? How many people were Affected?

Answers

The plague of Athens (Smallpox) was what spread all through Athens due to bad grain.

What was the plague of bad grain?

This was a plague that spread in Athens affecting as much as 75000 to 100000 of the Athenian population.

The plague resulted in the death of a lot of persons. Historians have made research into the cause of this plague and the most likely culprit is smallpox.

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Who committed the crimes of genocide?

Answers

Answer:
Hitler
Explanation:
He murdered over 6 million people

Conservative Resurgence: Question 3
Several senior U.S. officials became involved in the secret Iran-Contra
Affair
Select one
O
to punish tran for the Hostage Crisis
O
to prevent Iran from falling under Soviet control
to reduce American dependence on Middle Eastern oil
to resist the spread of Communism in Latin America

Answers

The US senior officials were involved in the Iran-Contra affair for the purpose of prevention of Iran falling under the control of the Soviet Union.

What happened during the Iran-Contra affair?

The Iran-contra Affair took place after the end of the World War II, when there was a separation between the US and the Soviet Union because of communism.

To control the Iran by losing control over the communist government of the Soviet Union, the senior officials of the United States interfered in the Iran-Contra Affair.

Hence, option B holds true regarding the involvement of the United States in the Iran-Contra Affair.

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Which of the following events occurred after Great Britain ended it’s occupation of India and partitioned off parts of the empire?

Answers

After Britain left India in the year 1947 India was partitioned into the Hindu-majority India and Muslim-majority Pakistan

What is Colonialization?

Colonialization is a term used to describe when a country rules over another country.

When the country that is being ruled gain sovereignty, they are said to have gained independence.

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Which of the following cases does the Supreme Court address under original jurisdiction? (Check all that apply.)

Multiple select question.

1)Cases in which a state is a party


2)Cases involving the amendment of municipal law codes


3)Cases involving law enforcement officials


4)Cases involving representatives of foreign governments

Answers

I think is number 2 because it make swnce

Askia Muhammad was the king of the Songhai Empire from 1493 until 1528. Which of these changes did Askia Muhammad implement in the Songhai government?

He eliminated taxed and reduced government services.
He changed the government from a monarchy to a democracy.
He granted all citizens of Songhai the right to vote.
He introduced laws which were based on the teachings of the Quran.

Answers

When Askia Muhammed was the King of the Songhai Empire, He introduced laws which were based on the teachings of the Quran.

What did Askia Muhammad do?

After the teachings of the Prophet Muhammed spread to West Africa thanks to Muslim traders, Askia Muhammad was converted to Islam.

As a result, when he became King, he came up with laws that were based on Muslim creed and the teachings found in the Quran.

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What two actions does Lee think the U.S should take?

Answers

Two of the things Lee hoped to accomplish by invading the North was to "capture Washington, D.C., for the South," and " seize badly needed war supplies and food"

how have advances in technology made the world a more interconnected place?

Answers

Answer:

they made it so that anybody could instantly contact anybody that want to

write a claim about how the civil rights movement inspired Group to demand the disability rights movement civil rights

Answers

Answer:

A nonviolent revolution was the civil rights struggle, n Not just the disability rights movement, but many other social movements in the 1970s and 1980s were impacted by the progressive transformation it brought about. It served as a blueprint for how large-scale protests and civil disobedience may compel the federal government to modify its policies. Until the Americans with Disabilities Act was established in 1990, the disability rights movement struggled and pushed. It is based solely on the Civil Rights Act of 1964. However, the Supreme Court of the United States is overturning one piece after another, suggesting that even passing progressive legislation is insufficient as long as the right-wing controls Congress, the Supreme Court, and the White House. All of the progress achieved in the last several years

How did the Holodomor start?

Answers

Answer:

his was caused when a dictator wanted both to replace Ukraine's small farms with state-run collectives and punish independence-minded Ukrainians who posed a threat to his totalitarian authority.

Explanation:

What year was the 2nd Continental Congress? *
1 point

Answers

Answer:

The Second Continental Congress met in May 1775.

Explanation:

What does Professor Worster identify as the primary cause of the Dust Bowl?, Do the other documents support this conclusion? Why or why not?

Answers

Answer:

Many factors contributed to the creation of the Dust Bowl – soils subject to wind erosion, drought which killed the soil-holding vegetation, the incessant wind, and technological improvements which facilitated the rapid breaking of the native sod.

Explanation:

just built diff

America has one of the highest standards of living in the world because of its:
natural resources
inventors
productivity
people

Answers

There isn't necessarily a definitive answer here. The aspect that is widely touted is economic freedom, which Americans have more than any other nation on the face of the Earth. This is primarily due to the nation's free-market capitalist system and relative laissez-faire (hands-off) practice by the government when it comes to the economy.

If there was an "all of the above" choice, I would select that. America has a wide range of natural resources, particularly minerals such as coal, copper, lead, and iron. America also has wide natural gas, timber, bauxite, and uranium resources.

America is also a net exporter of technology, from corporations like Apple, Microsoft, Boeing, John Deere, etc., which are all the products of inventors.

Productivity and people can also be argued as valid choices since the nation has been and is still relatively productive when it comes to manufacturing and the like. This involves people, but when I think of people, I think of the goodness that the American people have in their hearts, always stepping up to a challenge and helping those in need.

But if one choice was needed here, I would pick Inventors, since they established the United States as a leader in technology and innovation for decades. This established the market here, bringing international and domestic consumers alike, all in-line to get high-quality American goods.

The military buildup of arms by U.S. President Ronald Reagan in the mid 1980s could not be matched by the Soviets. How did Gorbachev react to this situation?

Answers

Answer:

Unlike his predecessors, Gorbachev did not attempt to match the U.S. by further increasing military spending, a hard turn-away from the original military policy of past premiers. Instead, Gorbachev tried to make the current spending more sustainable, such as allowing the Soviet citizens to make suggestions to the government about how to improve the nation, the economy, and so forth without fear of punishment or censorship. He would even go as far as to allow the creation of political parties, which would result in an eventual failed coup by party hardliners shortly before the dissolution of the USSR on Christmas 1991.

The people of a village in the mountains raise sheep as people have there for centuries. they do this even though there is no longer much demand for this in that area. in which kind of economic system would this happen?

Answers

The economic system that was established in this town can be considered as a traditional economy because it is based on the traditions and customs of the population.

What is the traditional economy?

The traditional economy is a term that refers to a type of economy that is characterized by being simple, and whose decisions are based on tradition.

It is characterized to solve the basic problems of the economy: what, how and for whom to produce.They make decisions that were successful in the past, that is, their survival will depend on whether the decisions of the past were correct.They have a small economic surplus, so they will not be able to invest in improvements to the production process.They are low-income societies, and they will depend on aid and loans from rich nations.

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What is the best conclusion that can be drawn from the information in the chart?

Answers

Answer:

A

Explanation:

Natural resources are not evenly distributed across all areas

HELP⚠️

list five promises you make to yourself as a responsible man or woman​

Answers

Answer:

1. respect myself

2. mind my own buisness

3. don't talk about others if i don't want them to know

4. have a schedule

5. care for others

HOPE IT HELPS!BRAINLIEST ME PLS!

Lab u!

HELP PLEASE
Jomo Kenyatta began the struggle to achieve independence in Kenya through armed rebellion.

True

False

Answers

Answer: False

Explanation: It’s false because Kenyatta wanted to achieve independence peacefully. Armed rebellion is the last thing he would do.

Answer:

false have a wonderful day!!!!

Explanation:

explain three reasons why Vietnam was a frustrating war

Answers

Answer:

The American forces in Vietnam had trouble dealing with North Vietnamese troops and the Viet Cong for numerous reasons. These reasons include the North Vietnamese determination to never give up on the war, the South Vietnamese government’s reluctance to be allied with the United States and the tensions between these two governments.

Explanation:

hope this help sorry if I didn't understand the question correctly

Answer:

The americans were fighting in another country so they had the advantaage of knowing the landscape and being able to set uo traps

The veitinam were using gorilla tacticts they woukd attack so fast that there was no time to respond and fight back

 The veitnamies also had many alies to help them

Explanation:

Select all the correct answers. which two sentences describe the effects of the louisiana purchase on the united states? the large cost of the purchase led to financial problems for the us government for many years. the united states permanently gained free access to the mississippi river. the louisiana purchase led to a war between the united states and great britain. the size of the united states doubled, providing vast areas for farming. the louisiana purchase led to a war between the united states and france.

Answers

The two sentences which describes the effects of the Louisiana purchase:

The size of the united states doubled, providing vast areas for farmingThe united states permanently gained free access to the mississippi river

The purchase of Louisiana

The purchase of Louisiana by the united states led to the expansion of the size of the united states and also granting the united states access to the Mississippi river which runs from Minnesota to Louisiana.

The size of the united states doubled which led to the provision of vast farm areas.

Hence we can conclude that the purchase of Louisiana led to the The size of the united states doubled, providing vast areas for farming and The united states permanently gained free access to the mississippi river.

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Was Emma Holmes remark about the civil war a primary source or a secondary source

Answers

Secondary source, you said it was a remark

What was the “shot heard around the world”

A.) The first bullet fired that began the American Revolution at Lexington and Concord

B.) The first American killled that angered every other colonist soldier

C.) The bullet that killed George Washington and angered every colonist soldier

D.) A bullet that was recorded on the radio during the fighting at Lexington and Concord

Answers

Answer:

A

Explanation:

 the opening shot of the battles of Lexington and Concord on April 19, 1775, which began the American Revolutionary War 

Answer this, Ill give you brainliest and I would be very appreciative.

Answers

Property law, it was there French guys statement and it was his proper

HELP PLEASE

The U.S. Declaration of Independence and the French Declaration of the Rights of Man both drew on the Enlightenment idea that all people are born with inherent rights that must be protected.
true or false

Answers

The above statement "The U.S. Declaration of Independence and the French declaration of the rights of man drew on the enlightenment idea that all people are born with inherent rights that need to be protected.

What do you mean by rights?

Rights are the social, legal, or ethical principles of freedom that are allowed or owed to people according to some legal system.

The U.S. Declaration of Independence and the French declaration of the rights of man both believe that people are born with inherent rights that need to be protected.

Therefore, the above statement is true.

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Answer:

True

Explanation:

have a nice day

How successful was the Native American fight for fairness explain ?

Answers

Answer:

The passage of the Indian Citizenship Act in 1924 granted United States citizenship to all Indians born in America.As a result, American Indians were finally granted free travel in the United States.

Explanation:

What did Victor W. Butler find when he went into the town of Tuskegee?

Answers

Victor found out that it was there that he got the flu and that's why he couldn't fly abroad.

Who is Victor W. Butler?

Victor W. Bulter is a World War II veteran. His involvement was mainly related to the repair and adaptation of the fighter planes that left for the war. His headquarters was Tuskegee, a town in Alabama.

What was found when he arrived in Tuskegee?

He found that he couldn't fly abroad and had to stay behind helping to repair and build airplanes.

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As well as surviving long enough, an organism must __________ to pass on its genes. What one word completes the sentence?

Answers

Answer:

Reproduce

Explanation:

18. Bruno and Shmuel are told to take off their clothes to take a

Answers

….Shower (end up actually going to the gas chambers
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