The Islamists say that Islam has it's own economic system ?

[tradeunionsupporter]

The Islamists say that Islam has it's own economic system ? Therefor my question is why do some Socialists want Muslims to support Socialism if Islam already has a economic system that the Islamists claim is neither Capitalist or Socialist or Communist ? Islamists say that under their economics that there is still private ownership of means of production therefor is this sill Capitalism ? Do Islamists support Capitalism but don't want to admit it ? My final question is what should a Socialist say to a Islamist who thinks that Islam already has a economic system therefor there is no need for Socialism and Communism ?

Islamic economic jurisprudence
From Wikipedia, the free encyclopedia

Islamist movements and authors generally describe an Islamic economic system as neither Socialist (http://www.revleft.com/wiki/Socialism) nor Capitalist (http://www.revleft.com/wiki/Capitalism), but as a "third way" with none of the drawbacks of the other two systems.[3] (http://www.revleft.com/vb/#cite_note-allacademic.com-2)[4] (http://www.revleft.com/vb/#cite_note-gemsofislamism.tripod.com-3)

http://en.wikipedia.org/wiki/Islamic_economic_jurisprudence


Fundamentals of Islamic Economic System By Dr. Muhammad Sharif Chaudhry (http://www.muslimtents.com/shaufi/author.htm)
CHAPTER 20
ISLAM AND OTHER ECONOMIC SYSTEMS


Islam and Capitalism (http://www.muslimtents.com/shaufi/b16/b16_20.htm#I- Islam and Capitalism)

What is Capitalism? (http://www.muslimtents.com/shaufi/b16/b16_20.htm#What is Capitalism)
Features of Capitalism (http://www.muslimtents.com/shaufi/b16/b16_20.htm#Features of Capitalism:)

Comparison with Islam (http://www.muslimtents.com/shaufi/b16/b16_20.htm#Comparison with Islam:)

Rights to Ownership (http://www.muslimtents.com/shaufi/b16/b16_20.htm#1. Right to ownership)
Economic Freedom (http://www.muslimtents.com/shaufi/b16/b16_20.htm#2. Economic Freedom:)
Monopoly (http://www.muslimtents.com/shaufi/b16/b16_20.htm#3. Monopoly:)
Institutions of Interest (http://www.muslimtents.com/shaufi/b16/b16_20.htm#4. Institutions of Interest:)
Exploitation (http://www.muslimtents.com/shaufi/b16/b16_20.htm#5. Exploitation:)
Distribution of Wealth (http://www.muslimtents.com/shaufi/b16/b16_20.htm#6. Distribution of Wealth:)



Islam and Socialism (http://www.muslimtents.com/shaufi/b16/b16_20.htm#II- Islam and Socialism)

What is Socialism? (http://www.muslimtents.com/shaufi/b16/b16_20.htm#What is Socialism)
Distinctive Features of Socialism (http://www.muslimtents.com/shaufi/b16/b16_20.htm#Distinctive Features of Socialism:)
Comparison with Islam (http://www.muslimtents.com/shaufi/b16/b16_20.htm#Comparison with Islam: S)

Ownership (http://www.muslimtents.com/shaufi/b16/b16_20.htm#1. Ownership:)
Materialism (http://www.muslimtents.com/shaufi/b16/b16_20.htm#2. Materialism:)
Regimentation and Totalitarianism (http://www.muslimtents.com/shaufi/b16/b16_20.htm#3. Regimentation and Totalitarianism:)
Economic Equality (http://www.muslimtents.com/shaufi/b16/b16_20.htm#4.Economic Equality:)


http://www.muslimtents.com/shaufi/b16/b16_20.htm

Capitalism and Islam: what's the difference?
Is there any real difference between the Capitalist and the Islamic economic system? Both systems allow you to make money, but they are completely different in how money is accumulated and spent. The reasons for such great differences is the source and hence, the ultimate goal of each system.

http://www.sa.niu.edu/msa/articles/capitalism.htm

[Ostrinski]

Islamism as an ideology has no control over the mode of production, regardless of what they refer to their Islamic economic system as.

[Zealot]

There would be no usury and 2% of muslim's income has to go to charity while non-muslims have to pay a non-muslim tax (lol). Other than that it will be capitalist with a moralist slant, morals obviously going out the door with capitalism anyway. It's straight up capitalism no matter what they want to call it.

E: From the page you provided- (http://www.muslimtents.com/shaufi/b16/b16_20.htm#Comparison%20with%20Islam:%20S)

"Islam does not abolish private ownership of property and does not place all the means of production, distribution and exchange in the hands of the state. Although Islam upholds public ownership of some means of production which are the common utility to the people, but it concedes the rights of private ownership of majority of the means of production and distribution. Unlike socialism, Islam gives economic freedom to an individual who can earn wealth, own it and enjoy it within certain limits provided he does not infringe teachings of Islam in the process of earning, owning and consuming it."

"Islam, unlike communism, recognises that there is no equality among human beings as regards the economic means and possession of worldly wealth. The Qur’an considers these inequalities and disparities in the distribution of wealth as part of Divine economic order and, therefore, does not try to eliminate them by unnatural and artificial means. The existence of economic disparities, in fact, is a test by which Allah tries the human beings how they behave in good and bad circumstances. However, Islam does not permit the differences in possession of wealth to assume such proportions that concentration of wealth takes place in few hands who live in luxury while vast majority of people lead a life of abject poverty, misery and deprivation. Islam does not tolerate the existence of unbridgeable gulf between the rich and the poor, but unlike socialism it does not believe in equal distribution of wealth. Actually Islam believes in fair, just and equitable distribution of wealth and in social justice."

So basically they're saying private property is okay and economic inequality is not to be tampered with but Islam believes in an equitable distribution of wealth.... Totally legit. There's really no such thing as Islamic economics, just capitalism and religion.

[hatzel]

Islam certainly contains various economic rulings, though as I understand it they are not comprehensive enough to dictate a single economic system, merely to limit the range of possibilities.

An Islamic economy would certainly differ somewhat from what we've got now - the prohibition on usury certainly sees to that; whilst capitalism could function without the charging of interest, it would have to be different, and who knows, the distinction between rich and poor may well decrease without the charging of interest, as this would also prevent the idle earning of money saved in bank accounts, for example, and those who take out loans would find repayment easier.

Many Islamists have been accused of socialism, Qutb springing to mind. It may not be socialism as we understand it, though. I've also heard Islamists and/or advocates of an Islamic economy speak of the right to the full product of one's labour in classic left-wing fashion, though they also often maintain that the employer earns their income through their own administrative and management work, even if they admit contemporary capitalists take too large a share and thus exploit their employees.

Many moderate Islamist parties could be broadly described as social democratic in their economic ideas.

[Rafiq]

Islamism as an ideology has no control over the mode of production, regardless of what they refer to their Islamic economic system as.

It's essentially a Bourgeois ideology. Economically, it's Neo Liberalism plus clerical rule and "Moralism". Fucking nightmare.

[gorillafuck]

Islamism is a capitalist ideology that, like pretty much all radical ideologies, uses anti-capitalist rhetoric.

[Rafiq]

Islamism is a capitalist ideology that, like pretty much all radical ideologies, uses anti-capitalist rhetoric.

Islamism isn't radical

[pluckedflowers]

The Islamists also say there is an all-powerful, all-knowing force that created reality itself and yet is utterly concerned about our choice of facial hairstyles and whether or not we wash up after farting...

For most Islamists capitalism basically means McDonalds and porn. Their program consists in replacing the porn with multiple wives and magical virgins and opening up Mecca Donalds.

[Bostana]

Stoning people to death isn't an economic system

[hatzel]

Stoning people to death isn't an economic system

Thanks for this valuable insight.

[Astarte]

If we're going by the economics of historical Islamic states then I would say it was more or less a form of "Hydraulic Empire" http://en.wikipedia.org/wiki/Hydraulic_empire

In the Caliphate private wealth was curbed by heavy taxation of accumulated capital, thereby disallowing any nascent capitalist class from forming and hence entrenching a theological state bureaucracy which based its power on securing the production of food stuffs via construction and maintenance of mass irrigation canals ... its interesting to note that after the Reconquista in Iberia the many irrigation canals left by the Islamic empire fell into disrepair as more traditional European feudal herding and pastoralism with a strong emphasis on the decentralization of state power once again became the hegemonic mode.