ECONOMIC
SYSTEMS
ECONOMIC
SYSTEMS
Pre se nt e d by :
Items
Capitalism
Socialism
Islamic Economic System
Origination
an 18th-century
610 CE – 632 CEDistinguishing
Economic &social justice
ownership
U
nlimited private ownershipPublic ownership
Limited private ownership + Public ownership
Consumption of
wealth
Any thing can be consumed
Society central plan authority
* Halal goods are allowed to produced & consumed
wealth
consumed plan authoritymade decision what & how much to produce
& this goods only allowed to
consume
produced & consumed
* Haram goods aren’t allowed to be produced & consumed
EX. Alcohol drinks, Drugs
Production of
wealth
Profitable goods only are produced
Distribution of
wealth
Concentration of wealth in few
hand
Equal distribution
Zakah(Sadaqah)automatically transfer wealth from rich to
poor