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What is Principles of Islamic Economics Explained about?
The document discusses the history and concepts of Islamic economics. Some key points include: - Traditional Islamic economic concepts included zakat (tax for aid to the needy), gharar (prohibition of uncertainty in contracts), and prohibiting riba (usury or interest on loans). - Modern Islamic economics aims to implement broader economic goals of social justice, equitable wealth distribution, and helping the deprived classes. However, approaches and interpretations have varied. - Critics argue that Islam
- Author
- WL Razak
- Language
- EN