Islamic Economic Principles and Their Intersection with Capitalism: Perspectives and Practices
This article explores the intersection of Islamic economic principles with capitalism, highlighting their distinct perspectives and practices. While both systems recognize private ownership and trade, Islam emphasizes ethical guidelines, wealth redistribution through zakat, and the prohibition of usury. These principles influence economic activities in Muslim-majority societies, shaping practices such as Islamic banking, sukuk bonds, and takaful insurance. Understanding these intersections provides insights into how cultural and religious values impact economic systems globally.
