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JUSTICE
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France & Sweden
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Republic of Cuba People ’ s Republic of China Socialist Republic of Vietnam Democratic People ’ s Republic of Korea
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Items CapitalismSocialismIslamic Economic System Originationan 18th-century 610 CE – 632 CE Distinguishing characteristics Economic freedom Economic equality Economic &social justice ownershipU nlimited private ownership Public ownership Limited private ownership + Public ownership Consumption of wealth Any thing can be consumed Society central plan authority made decision what & how much to produce & this goods only allowed to consume * Halal goods are allowed to 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 Riba Play role in capital formation Not play any roleForbidden
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