The document provides an overview of the Islamic economic system. It is founded on principles of justice and human welfare rather than interests. The system considers spiritual, natural, social and economic sciences. It discusses various Quranic principles including treating wealth as a test, prohibiting usury, discouraging debt, and emphasizing voluntary charity. The economic dimensions balance limited capitalism with spiritual socialism by restricting luxury and redirecting excess wealth to the needy. Sources of income like labor, trade and inheritance are permitted but interest, gambling and stock speculation are prohibited.

1. ISLAMIC ECONOMIC SYSTEM
An ecosystem of (i) economic sciences*, (ii)
natural sciences, (iii) social sciences and (iv)
spiritual sciences for advancement of justice
and human welfare
Founded on “principles” not “interests”

2. Principles of Islamic
economic system

3. Devine Economic Plan
Malik 2
ْ‫و‬َ‫ف‬ ْ‫م‬ُ‫ك‬َ‫ض‬ْ‫ع‬َ‫ب‬ َ‫ع‬َ‫ف‬َ‫ر‬َ‫و‬ ِ
‫ض‬ْ‫ر‬َ‫أل‬‫ا‬ َ‫ف‬ِ‫ئ‬َ‫ال‬َ‫خ‬ ْ‫م‬ُ‫ك‬َ‫ل‬َ‫ع‬َ‫ج‬ ‫ي‬ِ‫ذ‬َّ‫ل‬‫ا‬ َ‫و‬ُ‫ه‬َ‫و‬
ٍ‫ت‬‫ا‬َ‫ج‬َ‫َر‬‫د‬ ٍ
‫ض‬ْ‫ع‬َ‫ب‬ َ‫ق‬
َ‫ت‬‫آ‬ ‫ا‬َ‫م‬ ‫ي‬ِ‫ف‬ ْ‫م‬ُ‫ك‬َ‫و‬ُ‫ل‬ْ‫ب‬َ‫ي‬ِ‫ل‬
ْ‫م‬ُ‫ك‬‫ا‬
And Allah has made you successors in the land and raised some of you above
others in different levels, to test you for what is given to you. (Araf 165)
َ‫خ‬ ‫ا‬َ‫ذ‬ِ‫إ‬ َّ‫م‬ُ‫ث‬ ‫ا‬َ‫ن‬‫َا‬‫ع‬َ‫د‬ ٌّ‫ر‬ُ‫ض‬ َ‫ان‬َ‫س‬‫ن‬ِْ
‫اْل‬ َّ
‫س‬َ‫م‬ ‫ا‬َ‫ذ‬ِ‫إ‬َ‫ف‬
ِ‫إ‬ َ‫ل‬‫ا‬َ‫ق‬ ‫ا‬َّ‫ن‬ِ‫م‬ ً‫ة‬َ‫م‬ْ‫ع‬ِ‫ن‬ ُ‫ه‬‫ا‬َ‫ن‬ْ‫ل‬َّ‫و‬
‫ا‬َ‫م‬َّ‫ن‬
ٍ‫م‬ْ‫ل‬ِ‫ع‬ ‫ى‬َ‫ل‬َ‫ع‬ ُ‫ه‬ُ‫ت‬‫ي‬ِ‫ت‬‫و‬ُ‫أ‬
‫ة‬َ‫ن‬ْ‫ت‬ِ‫ف‬ َ‫ي‬ِ‫ه‬ ْ‫ل‬َ‫ب‬
َّ‫ن‬ِ‫ك‬َ‫ل‬َ‫و‬
َ‫ون‬ُ‫م‬َ‫ل‬ْ‫ع‬َ‫ي‬ َ
‫ ا‬ ْ‫م‬ُ‫ه‬َ‫ر‬َ‫ث‬ْ‫ك‬َ‫أ‬
When a man gets in trouble he cries for help of Allah, and when he is
granted favors, he says “I have got it due to my knowledge”. In fact
wealth is a trial but most of people do not know. (Zumr 49)
Not related to efforts
Zumr 49
Wealth is a test
Anam 165/Nahal 71
ْ‫ل‬‫ا‬ ‫ي‬ِ‫ف‬ ٍ
‫ض‬ْ‫ع‬َ‫ب‬ ‫ى‬َ‫ل‬َ‫ع‬ ْ‫م‬ُ‫ك‬َ‫ض‬ْ‫ع‬َ‫ب‬ َ‫ل‬َّ‫ض‬َ‫ف‬ ُ‫ّللا‬َ‫و‬
ِ‫ق‬ْْ ِ
‫ر‬
And Allah has made some of you excel others in wealth. (Nahal 71)

4. Output/Resource (‫)قوت‬
Outcome (‫)مقصد‬
Work (‫)كام‬
Mission of Islam (‫العين‬ ‫نصب‬ ‫كا‬ ‫)اسالم‬
Human Welfare
‫فالح‬ ‫كى‬ ‫انسانيت‬
Spiritual Power
‫جهاد‬ ‫جانى‬
Economic Power
‫جهاد‬ ‫لى‬ ‫ما‬
Piety
‫جهاد‬ ‫كا‬ ‫نفس‬
Unity
‫جهاد‬ ‫اجتمائى‬
Prayer
‫صالة‬
Charity
‫انفاق‬ ‫و‬ ‫ْكاة‬
Fasting
‫روْه‬
Hajj
‫حج‬
Social System
‫نظام‬ ‫معاشرتى‬
Economic System
‫نظام‬ ‫معاشى‬
Political System
‫نظام‬ ‫سياسى‬
Spiritual System
‫نظام‬ ‫روحانى‬

5. Target of Islam (‫العين‬ ‫نصب‬ ‫كا‬ ‫)اسالم‬
Good deeds
‫صالح‬ ‫عمل‬
Belief
‫حيات‬ ‫مقصد‬
َ‫ِين‬‫ذ‬َّ‫ل‬‫ا‬ ُ َّ
‫ّللا‬ َ‫د‬َ‫ع‬َ‫و‬
ِ‫ت‬‫ا‬َ‫ح‬ِ‫ل‬‫ا‬َّ‫ص‬‫ال‬ ‫وا‬ُ‫ل‬ِ‫َم‬‫ع‬َ‫و‬ ْ‫م‬ُ‫ك‬‫ن‬ِ‫م‬ ‫وا‬ُ‫ن‬َ‫م‬‫آ‬
ْ‫خ‬َ‫ت‬ْ‫س‬َ‫ي‬َ‫ل‬
‫ِي‬‫ذ‬َّ‫ل‬‫ا‬ َ‫ف‬َ‫ل‬ْ‫خ‬َ‫ت‬ْ‫س‬‫ا‬ ‫ا‬َ‫م‬َ‫ك‬ ِ
‫ض‬ْ‫ر‬َ ْ
‫األ‬ ‫ي‬ِ‫ف‬ ‫م‬ُ‫ه‬َّ‫ن‬َ‫ف‬ِ‫ل‬
‫ن‬ِ‫م‬ َ‫ن‬
ُ‫ي‬َ‫ل‬َ‫و‬ ْ‫م‬ُ‫ه‬َ‫ل‬ ‫ى‬َ‫ض‬َ‫ت‬ْ‫ار‬ ‫ِي‬‫ذ‬َّ‫ل‬‫ا‬ ُ‫م‬ُ‫ه‬َ‫ن‬‫ِي‬‫د‬ ْ‫م‬ُ‫ه‬َ‫ل‬ َّ‫ن‬َ‫ن‬ِ‫ك‬َ‫م‬ُ‫ي‬َ‫ل‬َ‫و‬ ْ‫م‬ِ‫ه‬ِ‫ل‬ْ‫ب‬َ‫ق‬
‫ا‬ً‫ن‬ْ‫م‬َ‫أ‬ ْ‫م‬ِ‫ه‬ِ‫ف‬ ْ‫و‬َ‫خ‬ ِ‫د‬ْ‫ع‬َ‫ب‬ ‫ن‬ِ‫م‬ ‫م‬ُ‫ه‬َّ‫ن‬َ‫ل‬ِ‫د‬َ‫ب‬
Those who, if We give them power in the land, establish regular prayer
and give regular charity, enjoin the right and forbid wrong: with Allah
rests the end (and decision) of (all) affairs. (Hajj 41)
Economic System
(‫)رْق‬ ‫ْكاة‬ ‫اقامت‬
Morality System
(‫)شريعة‬ ‫صالة‬ ‫اقامت‬
‫غْا‬ ‫كى‬ ‫روح‬
‫غْا‬ ‫كى‬ ‫جسم‬

6. Economic Principles of Islam
Earning Side
‫آمدنى‬
State (‫)حكومت‬
Distribution
‫تكاثر‬ ‫سدباب‬
Individual (‫)فرد‬
Frugality & Sharing
‫عفو‬
Usage Side
‫مصارف‬
But if you do not stop taking usury, then be ready for war
with Allah and His Messenger
Business
‫بيع‬
Usury
‫ربا‬

7. Islam abhors DEBT and strongly discourages it
1. Prophet (PBUH) said: "Whoever asks for money while he has what suffices
him has asked for a lot of Hellfire's embers." People asked him, "What is
the sufficient amount of money above which one should not ask?" He
said, "The amount he needs for his lunch and dinner." (Abu Dawud)
2. He also said: "Whoever asks people for their money to increase his
wealth, has asked for embers, so let him ask a little or a lot”.
3. A man came to the Prophet (PBUH) and said, "O Messenger of Allah! If I
was killed in Allah's cause, observing patience, awaiting Allah's reward,
attacking, not retreating, would Allah forgive my sins?" The Prophet
(PBUH) said, "Yes, except for the debt." The Prophet (PBUH) said, "A
believer's soul is attached to his debt till it is paid.“
4. A dead person was brought to the Prophet so that he might lead the
funeral prayer for him. He (PBUH) asked, "Is he in debt?" When the people
replied in the negative, he led the funeral prayer. Another dead person was
brought and he asked, "Is he in debt?" They said, "Yes." He (refused to
lead the prayer and) said, "Lead the prayer of your friend." Abu Qatada
said, "O Allah's Apostle! I undertake to pay his debt." Allah's Apostle then
led his funeral prayer. No. 2154 (Sahih Bokhari)

8. Islam prohibits and strongly CONDEMNS
usury or RIBA.
1. Allah will deprive usury of all blessing, but will increase
benefits of charity" (Baqra 276);
2. If you do not stop taking usury, then be ready for a war with
Allâh and His Messenger (Baqra 279)
3. Abdullah ibn Hanjalah related that the Prophet said: A dirham
of Riba (interest) knowingly taken by a man is a sin worse
than committing Zina (fornication) 36 times (Ahmad,
Daraqutni).
4. Narrated Jabir ibn Abdullah: Allah's Messenger cursed the
accepter of interest and its payer, and one who records it, and
the two witnesses; and he said: They are all equal (Muslim).
5. Hazrat Abu Hurairah r.a. reported that the Prophet said : A
time will certainly come when none will remain who will not
devour usury. If he does not devour it, its vapors will fall on
him [Ahmed,Abu Dawood,Nisai,Ibn Majah]

9. Primary focus of Islam is on the spiritual System (test of Taqwa/free will)
Legal system provides only safety valve for safeguarding basic human rights
Keeping excess wealth and generating income from it is allowed legally but
spiritually is it detested.
Dimensions of
Islamic Economic System
Legal System
Limited Capitalism
(surplus wealth for personal use)
Spiritual System
Spiritual Socialism
(human rights on surplus wealth)
Treatment system
(Repair/Maintenance)
Restricts luxury &
wealth accumulation
Immune System
(Regulatory)
Channels excess
wealth to needy
Inter-dependent &
Inter-connected (Synthesis)
Restricting
evils/crimes
Elevating
ethical/
spiritual
values

10. Labor
+
Capital
(Entrepreneurship)
Land
Partnership
(Labor + Capital)
Status of Sources of Income
Ideal
Permitted
Restricted
Prohibited

11. Voluntary Charity (‫)انفاق‬
Entire wealth in access of basic needs
Inheritance (‫)وراثت‬
Strictly in accordance with injunction of Quran
Zakat (‫ْكاة‬)
Payable on wealth of individual
Taxes (‫تيكس‬)
Taxes imposed by state to
provide basic needs of its citizens
Compulsory
‫واجبات‬
Marriage payment and
penalties on certain faults
%
of
contribution
Distribution Channels (‫)عبادت‬

12. Stock Exchange Transactions
Trade*
Risk capital investment at
profit/loss + Work + Public
benefit
*Limited liability is an exclusion
Public Benefits
Does the activity lead to
employment/resource
generation or brings harm to
the public interest
Interest based
Load taken/given at interest
with security against fully
insured property (margin
financing)
Gambling
Profit/loss without efforts at the
expense of someone else
1. Limited liability concept in anti-Islam
2. Primary purpose of the transaction is to make quick money rather than long term
investment
3. Mostly investment is made from loan taken from banks or brokers
4. It is a gambling business (gain at the loss of someone else
5. Short term focus leads to extreme damage of public interest.

13. Property business (Plots)
Trade*
Risk capital investment at
profit/loss + Work + Public
benefit
*Limited liability is an exclusion
Public Benefits
Does the activity lead to
employment/resource
generation or brings harm to
the public interest
Interest based
Loan taken/given at interest
with security against fully
insured property (margin
financing)
Gambling
Profit/loss without efforts at the
expense of someone else
As per Islamic law house is right of every Muslim. Anyone trying to grab the property for
the purpose of trade/profit making is haram because it is a gamble (profit/loss at the
expense of others) and it is also not a business/trade as it does not lead to any fruitful
business activity which entails hardwork. As a consequence of profit making price of the
property rise and takes it out of the reach of legitimate buyer for building his house

14. Faceless dragon eating humanity
Corporation: An ingenious device for obtaining individual profit
without individual responsibility.
Moto: Profit, growth & Competition and amorality,
dehumanization, opposition to nature.
‫ا‬َ‫ه‬َ‫ل‬ ‫ا‬َ‫ه‬َ‫ع‬ْ‫س‬ُ‫و‬ َّ‫ ا‬ِ‫إ‬ ‫ا‬ً‫س‬ْ‫ف‬َ‫ن‬ ُ‫ّللا‬ ُ‫ف‬ِ‫ل‬َ‫ك‬ُ‫ي‬ َ‫ ا‬
َ‫س‬َ‫ت‬ْ‫ك‬‫ا‬ ‫ا‬َ‫م‬ ‫ا‬َ‫ه‬ْ‫ي‬َ‫ل‬َ‫ع‬َ‫و‬ ْ‫ت‬َ‫ب‬َ‫س‬َ‫ك‬ ‫ا‬َ‫م‬
ْ‫ت‬َ‫ب‬
Allah does not impose upon anyone a duty but to the
extent of his ability; He gets reward for every good deed,
and suffers for every ill that he earns. (Barea 286)
Resources
‫آمدنى‬ ‫ْرائ‬
Credit
‫قرض‬
Judges
‫جج‬
Law
‫قانون‬
Politicians
‫دان‬ ‫سياست‬
Jobs
‫مالْمت‬
Media
‫ابالغ‬
Trade
‫كاروبار‬
Commerce
‫تجارت‬
Production
‫بيداوار‬
Corporate
Capitalist Citizen
(limited liability)
(1886)
Islam does not
permit
limitation
of liability. Every
individual is fully
responsible for
his deeds

15. 1.Banks were created for taking public deposit and
lending at interest and investment in treasury
bonds, derivatives, securities etc.
2.Interest is against natural laws. Proper functioning
of natural laws and economy implies a zero rate of
interest
3.Islam detests borrowing even at zero interest rate.
4.Banking was conceived in iniquity (against natural
law) and was born in sin (for the benefit of rich).
5.An interest rate of zero means the end of the
money & banking system.
Does Islam allow any Banking System?

16.  Hallal means of living
 Distribution of entire excess wealth
 Hardy any situation of Zakat
 Simple lifestyle
Moral
(Height of
spiritual
living)
 Hallal means of living
 Pays Zakat and other compulsory dues
 Charity (infaq) up to the level of Taqwa
 Modest lifestyle
Legal
(Minimum
threshold
of living)
 No distinction of hallal/harram
 Does not care to pays Zakat/other dues
 Charity for image building
 Extravagant and luxurious lifestyle
 Stinginess/wealth piling up
Illegal
(State of
practical
kufr)
Three economic modes of Muslims

17. Cowardice
Ignorance
Tensions
Fear
Hunger
Servitude
Debt
Threats
Tyranny
Savagery
Cut-throat competition
Self-centeredness
Criminality
Robbery
Theft
Racism
Before (Savage Society)
Exploitation
Deprivation
Intellect
Compassion
Care of kin
Affection
Sincerity
Freedom
Fortitude
Munificence
Zeal & Endeavor
Piety
Courage
Happiness
Justice
Content
Satisfaction
Chastity
Humility
After (Natural Society)
Harmony
Non-contributory
/Contributory
Social Security
Plan
(Surplus Pool)
Mirror view before/After Implementation

18. Summary of natural economic System of Islam
1. Islamic view is that “real economy” controls, and the money is only a
“supportive function”. Protects labour/work.
2. Stop earning money through money and compels people to work and invest
money in business ventures
3. Eliminates sources of unearned income (interest/speculation)
4. No protection to capital and uses wealth in real economic activities integrated
with physical laws of nature.
5. Collect zakat (wealth tax) no tax on income or consumption.
6. It is responsibility of individuals for meeting needs of poor and social welfare
of society
7. State is responsible for meeting basic needs of citizens and taking
administration/legal measure for checking concentration of wealth in few
hands.
8. Business in Islam is not an grabbing the opportunity but a “Ibadah” covered
under the ethos of Islamic principles of life.

19. 2
Principles
of current
economic
system

20. 1. GDP growth
2. Free market
3. Credit
4. Tax on income/
Consumption
5. Deficit financing
Modern Economic Drivers
Government Companies Individuals
1. Economics is a Science of wealth (to teach selfishness). K.K Dewett
2. Economic is made to study “wealth” rather than “welfare”.
3. Whatever the economics is concerned with it is not concerned with:
 Study of relation of real goods (physical science) and wealth (monetary
science)
 Study of relation of material welfare (of individual) and general welfare (of
humanity).
 Study of relation of “short term needs: and “long-term needs”
Islamic Economic Drivers
1. Sales growth
2. Money
3. Credit
4. Consumerism
5. Profit
maximization
1. Income growth
2. Money
3. Credit
4. Consumption
5. Wealth
maximization
“Ownership/Competition”
Short-term approach

21. Profound change in the underlying dynamics:
•Money and credit rather than goods/services had become the real economy
•Energy and automation has become real contributor rather than manpower and animals
Organic Resources
‫اشياء‬ ‫حياتى‬
(Manpower, animals, plants)
Inorganic Resources
‫اشياء‬ ‫نامياتى‬
(Natural Resources)
Taxes (‫محصول‬)
Money (‫كرنسى‬)
Credit (‫قرض‬)
Gov. Deficit (‫ْر‬ ‫افراط‬)
Operates under
physical/biological constraints
Operates under unconstrained
compound interest rate growth
Matter (‫)ماده‬
Natural (Real) Economy
Money (‫)دولت‬
Financial (Shadow) Economy
Major problem of Humanity:
Operating under incompatible Systems

22. Framework of integrated human ecosystem
Social
Process
Demography
Technology
Economy
Institutions
Culture
Information
Ecological
Process
Primary
production
Populations
Organic matter
Nutrients
Disturbances
‫انسانى‬ ‫اور‬ ‫فطرى‬
‫ربط‬ ‫كا‬ ‫قوانين‬
Biggest tragedy of our time is that modern priests (economists) do
not know that something must be physically possible before it can be
economically possible.
External Biological, Geological
& Physical Conditions
External Political &
Economic Conditions
Interactions
Land use
Land cover
Production
Consumption
Disposal
Human
Systems
‫قوانين‬ ‫انسانى‬
Natural
Systems
‫قوانين‬ ‫فطرى‬

23. 3
Outcome of
current
economic
practices

24. ‫ى‬َ‫ب‬ْ‫ر‬ُ‫ق‬ْ‫ل‬‫ا‬ ‫ا‬َ‫ذ‬ ِ‫ت‬‫آ‬َ‫و‬
ُ‫ه‬َّ‫ق‬َ‫ح‬
ْ‫س‬ِ‫م‬ْ‫ل‬‫ا‬َ‫و‬
ِ‫ل‬‫ي‬ِ‫ب‬َّ‫س‬‫ال‬ َ‫ن‬ْ‫ب‬‫ا‬َ‫و‬ َ‫ين‬ِ‫ك‬
‫ا‬ً‫ير‬ِ‫ذ‬ْ‫ب‬َ‫ت‬ ْ‫ر‬ِ‫ذ‬َ‫ب‬ُ‫ت‬ َ‫ ا‬َ‫و‬
(
26
)
ُ‫ن‬‫ا‬َ‫ك‬ َ‫ين‬ ِ
‫ر‬ِ‫ذ‬َ‫ب‬ُ‫م‬ْ‫ل‬‫ا‬ َّ‫ن‬ِ‫إ‬
َ‫ان‬َ‫و‬ْ‫خ‬ِ‫إ‬ ْ‫ا‬‫و‬
ِ‫ل‬ ُ‫ان‬َ‫ط‬ْ‫ي‬َّ‫ش‬‫ال‬ َ‫ان‬َ‫ك‬َ‫و‬ ِ‫ين‬ِ‫اط‬َ‫ي‬َّ‫ش‬‫ال‬
‫ا‬ً‫ور‬ُ‫ف‬َ‫ك‬ ِ‫ه‬ِ‫ب‬َ‫ر‬
*****
And give to the relatives due and to the
needy and the wayfarer, and do not squander
wastefully. Surely the squanderers are the
fellows of the devils and the satan is ever
ungrateful to his Lord.
(Isra 26-27)
Outcome of modern economic system
Explosion of
Over-utilization
‫استمال‬ ‫كثرت‬
Explosion of
Over-production
‫بيداوار‬ ‫كثرت‬
Explosion of
Over-wastage
‫ضياع‬ ‫كثرت‬
Explosion of
Over-supply
‫ترسيل‬ ‫كثرت‬
Explosion of
Debt
‫جال‬ ‫كا‬ ‫كاروبار‬ ‫سودى‬
Explosion of
Competition
‫باْى‬ ‫مقابله‬ ‫اندهى‬

25. World Economy at Crossroad
Industrial
Economy
Products
economy
Employment
Industrial
Economy
Paper
Economy
Real
Economy
Social
Principles
Economic
Principles
1. Primary products economy uncoupled from Industrial Economy
2. Industrial Economy uncoupled from Employment
3. Symbol economy disconnected from real economy
4. Economic principles (self-interest/short term focus) disconnection
from social principles

26. Modern tragedy of Contradictory Laws
Integral
System
Economic
Laws
"It is well that the people of the nation do not
understand our banking and monetary
system, for if they did, I believe there would
be a revolution before tomorrow morning."
Henry Ford

27. The Earth can no longer support the lifestyle of the cool hunting American-style
consumer. We have sought, bought, spewed and devoured too much, too fast, too
brazenly, and now we're about to pay. Economic "progress" is killing the planet.
(Kellay Lason)
1. Sixty percent of the
families in America can
maintain their standards
of living for only one
month
2. The next 20% can
maintain it for only three
months.
3. That means that 80% of
the population is living at
an incredibly high level of
economic insecurity
Consumption & Waste Culture
“work-and-spend
lifestyle.”

28. March towards Destruction?
Each U.S citizen
requires energy
of 300 persons
working round the
clock

29. Wood
Labor
Domesticated
Animals
Lifecycle is no more sustainable
0%
20%
40%
60%
80%
100%
1850 1870 1890 1910 1930 1950 1970
p.79 BEYOND OIL. J. Gever et al. 1991
Fuel
Domesticated
Animals
Energy is
now
life blood of
economy
6000 products
(Fertilizers &
pesticides!!!!)
Oil is capitalism's crack cocaine
Stacked presentation of work done over time in
United States by labor, Domesticated animals, Fuels
as a percentage of Total Horsepower in the Economy

30. http://lifeaftertheoilcrash.net/Research.html
Importance of Energy
How Much Human Energy Is Contained in One
Barrel of Oil?
***
1 Barrel of Oil = 5,800,000 BTUs
**
1 Barrel of Oil = 23,200 Hours of Human Work Output
Human work cost of 1 barrel of oil
Rate per hour= US$ 8/hour
Total cost= $185,600 per barrel equivalent human
work
Switchover is possible only when the oil cost
increases $185,600/barrel
Or Rupees 70,000/Litre

31. Greatest Threat to Life: Food Scarcity
from planting, irrigation, feeding and harvesting,
through to processing, distribution and packaging.
In addition, fossil fuels are essential in the
construction and the repair of equipment and
infrastructure needed to facilitate this industry,
including farm machinery, processing facilities,
storage, ships, trucks and roads
Pesticides (Gas)

32. FROM THE CAVES, TO THE MOON, TO THE CAVES
Richard C. Duncan, Ph.D. Institute on Energy
and Man, June 27, 1996
Even if the entire mass of the earth were petroleum, it would be exhausted
in 500 years at 5% increase in rate of consumption. For addition 100 year
157 earths would be required (current production is 10 Trillion Ton/year)

33. َ‫ي‬ِ‫ه‬َ‫و‬ ‫ا‬َ‫ه‬‫ا‬َ‫ن‬ْ‫ك‬َ‫ل‬ْ‫ه‬َ‫أ‬ ٍ‫ة‬َ‫ي‬ْ‫ر‬َ‫ق‬ ‫ن‬ِ‫م‬ ‫ن‬ِ‫ي‬َ‫أ‬َ‫ك‬َ‫ف‬
َ‫ل‬َ‫ع‬ ‫ة‬َ‫ي‬ِ‫و‬‫ا‬َ‫خ‬ َ‫ي‬ِ‫ه‬َ‫ف‬ ‫ة‬َ‫م‬ِ‫ل‬‫ا‬َ‫ظ‬
‫ى‬
َّ‫م‬ ٍ
‫ر‬ْ‫ص‬َ‫ق‬َ‫و‬ ٍ‫ة‬َ‫ل‬َّ‫ط‬َ‫ع‬ُّ‫م‬ ٍ
‫ر‬ْ‫ئ‬ِ‫ب‬َ‫و‬ ‫ا‬َ‫ه‬ِ‫ش‬‫و‬ُ‫ُر‬‫ع‬
ٍ‫د‬‫ي‬ِ‫ش‬ X
How many populations have We destroyed, which were given to wrong-
doing? They tumbled down on their roofs. And how many wells are lying
idle and neglected, and castles lofty and well-built? (Hajj 45) X
Story of Past Rebels
“Tower of Babel”
Period of Namrood (let us revolt) 2500 BC

34. 4
What
should we
do?

35. War with
Allah & Rasul
Interest
Economic
Revenge (Qasas)
Killing
Political
100 Lashes
Sex
Social
Disliking/Curse of
Allah
various
Moral
Action
Crime
Level




Penalties on various crimes

36. Steps for healing the money system
1. Limit growth and focus on wellbeing
2. Limit Debt & encourage entrepreneurs
3. Introduce zero rated debts
4. Impose Charge on money holding
5. Make speculation a criminal offence
6. Incentivise productive work and investment;
7. Tax Unearned Gains
8. Replace labor for energy use
9. Strengthen the social fabric of family and
community
10. Lease land for living/business purposes

37. Action at personal level
1. Adopt simple lifestyle (Resource conservation &
sharing)
2. Get out of interest/speculation based investments
3. Fully utilize goods before replacement
4. Eliminate morbid craving for extravagant gadgetry
5. Get rid of fashion (a bio-economic disease of the
human mind )
6. Demand durable goods to be made still more
durable by being designed so as to be repairable.
7. Get closer to the nature as possible
8. Join hands to fight for reform at state level

38. Final outcome
ِ‫ه‬ِ‫ت‬َ‫ع‬َ‫س‬ ‫ن‬ِ‫م‬ ٍ‫ة‬َ‫ع‬َ‫س‬ ‫و‬ُ‫ذ‬ ْ‫ق‬ِ‫ف‬‫ن‬ُ‫ي‬ِ‫ل‬
َ‫ع‬ َ‫ر‬ِ‫د‬ُ‫ق‬ ‫ن‬َ‫م‬َ‫و‬
ِ‫م‬ ْ‫ق‬ِ‫ف‬‫ن‬ُ‫ي‬ْ‫ل‬َ‫ف‬ ُ‫ه‬ُ‫ق‬ْْ ِ
‫ر‬ ِ‫ه‬ْ‫ي‬َ‫ل‬
ُ‫ه‬‫ا‬َ‫ت‬‫آ‬ ‫ا‬َّ‫م‬
َ‫ه‬‫ا‬َ‫ت‬‫آ‬ ‫ا‬َ‫م‬ َّ
‫ ا‬ِ‫إ‬ ‫ا‬ً‫س‬ْ‫ف‬َ‫ن‬ ُ َّ
‫ّللا‬ ُ‫ف‬ِ‫ل‬َ‫ك‬ُ‫ي‬ َ
‫ ا‬ ُ َّ
‫ّللا‬
ٍ
‫ر‬ْ‫س‬ُ‫ع‬ َ‫د‬ْ‫ع‬َ‫ب‬ ُ َّ
‫ّللا‬ ُ‫ل‬َ‫ع‬ْ‫ج‬َ‫ي‬َ‫س‬ ‫ا‬
‫ا‬ً‫ر‬ْ‫س‬ُ‫ي‬
(
7
)
ِ‫ب‬َ‫ر‬ ِ
‫ر‬ْ‫م‬َ‫أ‬ ْ‫َن‬‫ع‬ ْ‫ت‬َ‫ت‬َ‫ع‬ ٍ‫ة‬َ‫ي‬ْ‫ر‬َ‫ق‬ ‫ن‬ِ‫م‬ ‫ن‬ِ‫ي‬َ‫أ‬َ‫ك‬َ‫و‬
ِ‫ه‬ِ‫ل‬ُ‫س‬ُ‫ر‬َ‫و‬ ‫ا‬َ‫ه‬
َ‫س‬ ِ‫ح‬ ‫ا‬َ‫ه‬‫ا‬َ‫ن‬ْ‫ب‬َ‫س‬‫ا‬َ‫ح‬َ‫ف‬
‫ا‬ً‫ب‬‫ا‬
‫ا‬ً‫د‬‫ي‬ِ‫د‬َ‫ش‬
‫ا‬ً‫ر‬ْ‫ك‬ُّ‫ن‬ ‫ا‬ً‫ب‬‫ا‬َ‫ذ‬َ‫ع‬ ‫ا‬َ‫ه‬‫ا‬َ‫ن‬ْ‫ب‬َّ‫ذ‬َ‫ع‬َ‫و‬
(
8
)
‫ا‬َ‫ك‬َ‫و‬ ‫ا‬َ‫ه‬ ِ
‫ر‬ْ‫م‬َ‫أ‬ َ‫ل‬‫ا‬َ‫ب‬َ‫و‬ ْ‫ت‬َ‫ق‬‫ا‬َ‫ذ‬َ‫ف‬
ُ‫ة‬َ‫ب‬ِ‫ق‬‫َا‬‫ع‬ َ‫ن‬
‫ا‬ً‫ر‬ْ‫س‬ُ‫خ‬ ‫ا‬َ‫ه‬ ِ
‫ر‬ْ‫م‬َ‫أ‬
(
9
)
‫ا‬ً‫د‬‫ي‬ِ‫د‬َ‫ش‬ ‫ا‬ً‫ب‬‫ا‬َ‫ذ‬َ‫ع‬ ْ‫م‬ُ‫ه‬َ‫ل‬ ُ َّ
‫ّللا‬ َّ‫د‬َ‫ع‬َ‫أ‬
َ‫ف‬
‫ي‬ِ‫ل‬ ْ‫و‬ُ‫أ‬ ‫ا‬َ‫ي‬ َ َّ
‫ّللا‬ ‫وا‬ُ‫ق‬َّ‫ت‬‫ا‬
َ‫ل‬ِ‫إ‬ ُ َّ
‫ّللا‬ َ‫ل‬َْ‫ن‬َ‫أ‬ ْ‫د‬َ‫ق‬ ‫وا‬ُ‫ن‬َ‫م‬‫آ‬ َ‫ين‬ِ‫ذ‬َّ‫ل‬‫ا‬ ِ‫ب‬‫ا‬َ‫ب‬ْ‫ل‬َ ْ
‫األ‬
‫ا‬ً‫ر‬ْ‫ك‬ِ‫ذ‬ ْ‫م‬ُ‫ك‬ْ‫ي‬
*****
Let the man of means spend according to his means: and the man whose
resources are restricted, let him spend according to what Allah has given
him. Allah puts no burden on any person beyond what He has given him.
After a difficulty, Allah will soon grant relief. And how many a community
revolted against the ordinance of its Lord and His messengers and We took
detailed accountability of their deeds and punished them severely. Then did
they taste the evil result of their conduct, and the End of their conduct was
great loss.
(Talaq 7-10)

39. Globalization
Deregulation
Concentration
MARKET
ECONOMY
Small & Local
CAPITALIST
ECONOMY
Large & Global
Global Financial System
Global Corporation
Culture &
Choice
Rules
People
Ownership
POWER SHIFT:
PEOPLE GLOBAL FINANCE
Culture &
Choice
Rules
Local
Enterprises
People
Ownership
Source: Life after Dominance of Capital, by David C. Korten ttp://www.bke.hu/~kg_korny/altern/korten/kortpres.html