ISLAMIC ECONOMICS
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25.8 Policy of Self-Sufficiency
The policy of self-sufficiency means that a country aims towards being self-sufficient and to form a closed economic unit that could survive on its own. This country would not import nor export any commodities. Her aim would, in this instance, go beyond the protectionist theory, differ from the theory of…in Economic system
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25.7 National Economy
The theory of national economy is linked to the concept of “cultural protection” derived from the theory of heavy industry. The champions of the theory of national economy deem that the economic growth of a nation must aim at providing her with political power as well as economic power. They…in Economic system
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25.6 Protectionism
The protectionist theory requires that a State interferes in order to achieve equilibrium in foreign trade. The pupose of protectionism is to influence the balance of trade and redress the deficit, because the spontaneous balance between exports and imports would not be able to achieve equilibrium, nor would it be…in Economic system
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25.5 Free Trade
The theory of free trade states that trade transactions between countries should be conducted without restrictions, customs duties or any obstacle to imports. This school of thought champions the abolishment of the State’s control. The State would no longer be obliged to control imports and exports, because the equilibrium between…in Economic system
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25.4 Foreign Trade Policy
Foreign trade is the relationship of the State with other states, peoples and nations from a commercial angle. In other words, it is the management of the Ummah’s commercial affairs from a foreign angle. This policy should be based on specific fundamentals, and it should adhere to. The nations’ viewpoints…in Economic system
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25.3 Currency-Monetary Relations Between Countries
Foreign trade generates a monetary relationship between countries, because a country would have to pay the price of commodities with the currency of the country she had imported from, or with a currency acceptable to that country. A country would also have to receive payment for commodities she sells in…in Economic system
RULING SYSTEM OF ISLAM
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2 The Islamic State
The Islamic State is a Khaleefah implementing the Shar’a. It is a political and an executive body entrusted with the duty of implementing and executing the laws of Islam, and of conveying the Islamic Message to the world by means of da’wah and Jihad. It is the only method that…in Islamic Ruling System
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17 The guarantee of the implementation of Islam
The natural guarantee for implementing Islam, carrying of its Da’wah, continuity of its implementation and the perfection of this implementation is the Taqwa of the ruler and the concentration of this Taqwa within himself. This is because the Taqwa of Allah by the ruler makes Him more concerned about Islam…in Islamic Ruling System
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9.3 The Khaleefah is the leader of the army
The Khaleefah is the leader of the army and He is the one who appoints the Chief of Staff and an Ameer to every brigade, and a commander to every division. With regards to the other posts in the army the commanders of the brigades appoint them. Appointing a person…in Islamic Ruling System
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16 Establishing political parties is Fard Kifayah
Individuals carry the duty of holding the rulers accountable, which has been ordered by Allah (swt), in their capacity as individuals and by groups and parties in their capacity as groups and parties. In addition to ordering the Muslims to invite to the Good (Al-Khair), enjoin the Ma’ruf and forbid…in Islamic Ruling System