Makale İktisadi Düşünce

Labour and Capital Concepts in Islamic Economics

  • Kodu: 6350
  • Eserin Orjinal İsmi: Labour and Capital Concepts in Islamic Economics
  • Türü: Makale
  • Alan: İktisadi Düşünce
  • Konu(lar): Emek, İslam Ekonomisi
  • Dili: İngilizce
  • Yayın Yeri: Islamabad
  • Keywords: Labour, Islamic Economics
  • Anahtar Kelimeler: Emek, İslam Ekonomisi
  • Açıklama: Presented at the Second International Conference on Development, Finance and Distribution in Islamic Perspectives. In this paper, the Islamic dimensions of labour and capital concepts are examined. It is argued that Islam regards labour not only as a means of production of private property and of living but also as a factor of social and moral development of the society. Anybody who works in a job providing benefit to society performs a fard (obligatory act which should be done in any case). When the task assigned to a worker is neglected, Islam condemns this attitude. As such the concept of worker in Islam is not simply a person whose labour is hired in return for wage. Even the head of state, professional personnel and bureaucratese can be viewed as a worker not to speak of those who enter into partnership contract based on mudarabah, musharakah type of investment. Thus the entrepreneur is included into the category of worker, resulting in a wider definition of the concept of wage. But wage differential is permissible in Islam. It is further argued that in Islamic system labourer-employer relations are not absolute but relative. Again capital is regarded as a part of mal concept in Islam. Mal is a thing which can be owned and carries a value. Thus Islam considers the profit, not the interest, as a reward for capital. Islam prohibits the interest, and recognises profit. This profit motive is considered to be an incentive to an enterprise working in an Islamic framework. Islam encourages circulation of capital and its beneficent use. In this connection, the concept of private property in Islam is also discussed.
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