islamic economic theory presentation.pptx

islamic economic theory presentation.pptx

1. Spiritualists and M aterialist Group Members Muhammad Abdul Haseeb Muhammad Sagheer Muddasir Ahmed

2. What is Spiritualism & about in many people’s view? All the emphasis on spiritual and moral aspects and completely ignores material aspects of man’s life.

3. Issues that come to mind when speaking about spirituality Meditation Prayer Leaving modern life and being simple Monks Leaving materialism and living in ones oneself Contemplation Running away from life Searching for answers on what is behind life or death.

4. What is Materialism? The entire emphasis on the material aspect of human life, all human efforts for economic utility.

5. Islamic Conception Islam’s adopt golden mean, it’s try to establish balance between to extreme views. The Success of Islamic economic system depends upon adjustment between the ethical and material needs of man. Neither pure Spiritualism & Materialism.

6. Condemnation of Monasticism Islam condemns the extreme conceptions of life and stands for a middle course between these two school of thought. The Holy Quran Condemns monasticism in these words: In Surah Al- Ma’idha : “God does not wish to place you in a difficulty, but He would purify you and would perfect his grace upon you” (5:7)

7. Monasticism in Quran Again in Surah Al-Hajj Allah Said: “He has imposed no difficulties on you in religion” (22:78) Then in Surah ‘Al- Muminun ’ Allah Said: “On no soul do We place a burden greater than it can bear” (23:02)

8. Monasticism in Hadiths The Holy Prophet explain the meaning of golden mean of Islam in these words: There is no asceticism in Islam . Abu Hurairah reports that Holy Prophet said: “That Islam is very easy and simple and whoever creates difficulties in it, will be over- powered by them. Adopt the middle course in life and remain close to moderation and be happy”.

9. Condemnation of Materialist According to the Quran, Islam forbids extravagance, overspending, and waste. The Quran also discourages heavy debt, which can have harmful consequences for a Muslim's beliefs. The Quran warns Muslims to be on guard against greed and to distribute their wealth to those in need.

10. Materialist in Quran In Surah ‘AL- Baqara ’ Allah Said: “ There are men who say, Our Lord give us (Thy Bounties) in this world; but they will have no portion in Hereafter”. (2:200)