2007-12-01 17:43:03 · 8 answers · asked by Anonymous in Politics & Government ➔ Politics
No,Actually the Quran clearly specifies economic law for the benefit of mankind. Zakat is a mandatory taxable amount of 2.5% of a persons networth (generally) and given annually to the poor and likewise interest is strictly forbidden. It is worth noting that most Muslim countries today have introduced Islamic Banking which is used similarly to the west in projects consisting of venture capital ( but with a predefined repayment plan possessing an incorporated profit margin).
Unfortunately pure Islamic banking is not properly practiced and is manipulated even by Saudi banks who abuse the consumer and charge extremely high "profit margins" that are interest in nature. Hypocrosy to say the least.
2007-12-01 18:08:04 · answer #1 · answered by 2012 4 · 0⤊ 2⤋
Islam has nothing to do with economic factors. It is a religeous system that has been taken over by savage extremists who seek to eliminate anyone who does not adhere their beliefs.
2007-12-02 01:55:59 · answer #2 · answered by Dan K 5 · 1⤊ 1⤋
All religions are businesses, Islam is no exception.
2007-12-02 01:52:41 · answer #3 · answered by Anonymous · 0⤊ 1⤋
it's not an economic theory... it's a religion.
2007-12-02 01:45:32 · answer #4 · answered by just some chick 6 · 1⤊ 1⤋
No. Sometimes it's a religion of peace and sometimes it's violent, political movement.
2007-12-02 01:47:12 · answer #5 · answered by qwert 7 · 1⤊ 2⤋
No it is a religion and a law.
2007-12-02 02:02:39 · answer #6 · answered by wrathofkahn03 5 · 0⤊ 2⤋
No, its a religion.
Are you aware that if you asked this question in Sudan you could be imprisoned or put to death?
2007-12-02 01:48:14 · answer #7 · answered by Anonymous · 5⤊ 3⤋
no
2007-12-02 01:50:58 · answer #8 · answered by Anonymous · 0⤊ 1⤋