Islam does not favour unbridled, oppressive capitalism which deprives the masses. Rather, Islam condemns such practices severely in Quran and Tradition and regards it against social justice. Nor is Islam in accord with regimes like communism, Marxist-Leninism which oppose private ownership and favor common ownership.
About this quote
- What does it mean?
- Islam opposes oppressive capitalism that harms the masses and also rejects communism that opposes private ownership, favoring social justice.
- In plain terms
- Islam rejects both harmful capitalism and communism that bans private ownership.
- What can you take from it?
- Islam seeks balance between private ownership and social justice.
Where it applies
Putting it to work
Questions to consider
- How does religion shape economics?
- What is social justice?
Another view
Islamic economic views are diverse and not uniformly applied across all contexts.
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