Fundamental Principles of Islamic Economic System: A Brief Overview

Abstract

Islam is a complete code of life. It has given solution to all problems of our individual, social, political, economic and global lives. Islam has laid down its fundamental economic principles and prescribed some limits for economic activities of mankind in the Holy Qur'an & Sunnah. This paper is an attempt to identify the fundamental principles of Islamic economic system in brief It is a completely desk-based research. Al-Qur'an, different Hadiths, Islamic literatures, and other various research publications have been consulted to find out the basic principles of Islamic economic system.