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Radio Islam Interview: Islamic Economics

Summary:
bit.do/azint – Modern economics is built on laissez-faire and scarcity. Both principles conflict with Islamic ideals. It is essential to differentiate needs and wants. Islam encourages fulfillment of needs but prohibits pursuit of idle desires. Excess consumption, not scarcity, is the fundamental economic problem

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bit.do/azint – Modern economics is built on laissez-faire and scarcity. Both principles conflict with Islamic ideals. It is essential to differentiate needs and wants. Islam encourages fulfillment of needs but prohibits pursuit of idle desires. Excess consumption, not scarcity, is the fundamental economic problem


Asad Zaman
Physician executive. All opinions are my personal. It is okay for me to be confused as I’m learning every day. Judge me and be confused as well.

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