The Place of Moral Values in Economic Life: A Critical Examination of Al-Qaradawi's Dawru'l-Qiyamwa'l-Akhlaq fil-lqtisadi'l-Islam
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Date
2016
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Universiti Islam Sultan Sharif Ali (UNISSA) Journal
Abstract
Secular economic systems see material resources as the only means to actualise human well-being. While capitalism glorifies individual’s unhindered freedom to realise self-interest which is believed to bring about social interest, socialism rejects such freedom and praises social interest which is believed to ensure equity and bring about classless economic society. These economic worldviews see nothing beyond material world, ignore the spiritual realm of human being and reject the religious moral values. Islam comes to introduce a divine system that allows individual freedom which must not violate social interest and on which man is to give an account in the Hereafter. Thus incorporation of spiritualism and moral values into economic practices had enhanced a great level of economic prosperity in the Muslim world during the early periods of Islam. Similarly, some parts of the world where those values are in operation seem to enjoy the same concessions till present time. It is on this note that this paper aims at examining the role of Islamic moral values in economic life of people using Al-Qaraḍāwī’s Dawru’l-Qiyam as basis of assessment. The study, given its nature, is library based research with extensive literature review. values such as honesty, trustworthiness, justice, brotherhood and leniency are of relevance to economic life that Islam proposes for humanitarianism
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24. Bello, K. I. (2016): The Place of Moral Values in Economic Life: A Critical Examination of Al-Qaradawi's Dawru'l-Qiyamwa'l-Akhlaq fil-lqtisadi'l-Islam. Universiti Islam Sultan Sharif Ali (UNISSA) Journal. 5: 5-36,