Islamic economic and financial system and Riba’
Man has experienced and invented many things inculding man-made systems like Capitalism, Socialism, Democracy, Secularism, Communism, Liberalism, Communism and Fascism, etc. The solutions that emanate from such systems breed more problems instead of solving them. As these systems do not have permanent solutions, the reason is that human beings have limited vision and incapable of formulating solutions that will address all problems. For example, the freedom of capitalism has caused imbalance in society due to this difference where few people are rich and deprive a significant amount of people from rightful wealth distributions increasing poverty.
Despite the best efforts of man these systems have failed to establish social justice. As these ideologies are purely materialistic, devoid of spirituality, divine guidance and moral values, Not only that they have failed to deliver but have placed the humanity at peril. These ideologies are dying.
Conversely, Islam has a solution of it…
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