@questioner1 What is wrong with the term capitalist? If the imams who were supervising this lecture didn't interject? Please tell me what's wrong with capitalism. I'm asking have you read islamic economic policy?
Example: how often in the Quran does it talk about the importance of private property? Doesn't it say in Surah Jummah after the prayer to go out and seek rizq?
Example: during the famine in Medina prices were not set, and the Prophet SAW said the prices are in the hand of Allah, but the Prophet SAW did not try to control prices he let the merchants charge whatever they liked.
Example: part of the hadith about the man who came to the Prophet SAW and the Prophet said
اذْهَبْ فَاحْتَطِبْ وَبِعْ وَلَا أَرَيَنَّكَ خَمْسَةَ عَشَرَ يَوْمًا
After the man had chopped the wood and sold it and made 10 coins the Prophet SAW told him
هَذَا خَيْرٌ لَكَ مِنْ أَنْ تَجِيءَ الْمَسْأَلَةُ نُكْتَةً فِي وَجْهِكَ يَوْمَ الْقِيَامَةِ إِنَّ الْمَسْأَلَةَ لَا تَصْلُحُ إِلَّا لِثَلَاثَةٍ لِذِي فَقْرٍ مُدْقِعٍ أَوْ لِذِي غُرْمٍ مُفْظِعٍ أَوْ لِذِي دَمٍ مُوجِعٍ
Islamic concepts of capitalism can be found in Quranic support for and protection of individual rights to private property, commercial honesty, and competition tempered by concern for the disadvantaged, and in hadith reports on the virtues of pious merchants
Current theories stress the primacy of private property, free enterprise, cooperation between the private sector and the state, cooperation between Muslim firms and governments internationally, the need for just redistribution of wealth within and between Muslim nations, and environmental preservation. Major state-supported Islamic banks seek to centralize investment and power while sharing risk and profit and avoiding interest payments at fixed rates. Rather, they offer depositors shares in gains and losses.
-Oxford Journal
There are many Muslim economist who have drawn this conclusion along with imams, and others Ibn Khaldun was one who discussed such concepts also.
Here is the video supervised by imams and put together by a Muslim academy. Who titled the lecture Prophet Muhammad the first capitalist?
My point brother. Just please watch the video and see what they are saying. Again supervised by an Imam, and I think it will become more clear. In Shaa Allah. All I did was take the name of their lecture as the title.
