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Public Wealth And Assets?
In “Islam and the State: A Counter Narrative” in section 9.i Ghamidi sahb says: “Their public wealth and assets shall be reserved for the collective needs of the society and shall not be given in private ownership.”
I’m looking for a detailed explanation of what he means by public wealth and assets here? I have a friend that’s using it to argue that Islam calls for socialism. But I know Ghamidi sahb considers the socialist socioeconomic model against fitrah…
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1 Reply
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Public Wealth And Assets?
updated 3 months ago
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Socialism is something else.
He has explained what publicja ssets are. This is land and its resources. People may purchase the right of using the land for a purpose but the wowner is government. The same goes for rivers, forests and minerals etc.
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