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Constitution of the Caliphate State / Economic System
Constitution of the Caliphate State / Economic System
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- Category: Economic System §123-169
Article 123: The management of the economy is to take in consideration the viewpoint about the targeted society when considering the fulfilment of the needs. So what the society ought to be should be made the basis for the fulfilment of the needs.
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- Category: Economic System §123-169
Article 124: The primary economic problem is the distribution of wealth and benefits to all of the subjects of the State, and facilitating their utilisation of this wealth and benefits, by enabling them to strive for them and possess them.
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- Category: Economic System §123-169
Article 125: It is obligatory to guarantee that all the basic needs are met for everyone, and are completely met on an individual basis, and to guarantee that every individual is facilitated to satisfy the extra needs (non-essential needs) to the highest level possible.
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- Category: Economic System §123-169
Article 126: The wealth belongs to Allah (swt) alone, and He (swt) has made human beings the trustees of it. Through this general trust they have been given the right to ownership of wealth. Allah (swt) has permitted for the individual to possess the wealth; so through this specific permission, he managed to possess it practically.
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- Category: Economic System §123-169
Article 127: There are three types of property: private, public and State.
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- Category: Economic System §123-169
Article 128: Private property is Shari’ah rule determined by the property itself or the benefit from it. This qualifies the one that owns a property to benefit of it or gets an exchange for it.
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- Category: Economic System §123-169
Article 129: Public property is the permission of the Legislator (swt) for the community to collectively utilise the property itself.
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- Category: Economic System §123-169
Article 130: State property is every wealth whose expenditure is determined by the opinion and Ijtihadof the Caliph (Khalifah), such as the wealth derived from taxes, land tax and Jizya.
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- Category: Economic System §123-169
Article 131: Private property consisting of liquid and fixed assets is restricted to the following five Shari’ah means:
- Work
- Inheritance
- The need of wealth for the sake of living
- Donation from the wealth of the State to its subjects
- Funds taken by individuals without any effort or purchase
Read more: Article 131: Private property consisting five means:
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- Category: Economic System §123-169
Article 132: The disposal of property is restricted by the permission of the Legislator (swt), for both of spending and investment. Squandering, extravagance and miserliness are all forbidden. Capitalist companies, co-operatives and any other type of transactions which contradict the Shari’ah are forbidden. Interest, fraud, monopolies, gambling and anything similar are all forbidden.
Read more: Article 132: Spending and investment of property restricted by the Shari’ah
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