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Is Capital A Source For Production?
برائے مہربانی یہ بتائیں کہ کیا اسلام میں کیپیٹل capital ذریعہ پیداوار نہیں ہے۔
Whether is Islam Capital is not a means of production??
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4 Replies
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Is Capital A Source For Production?
updated 1 year, 4 months ago
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If the Capital is converted into means of production (e.g. equipment, shares and stocks etc.) then those means of production would be a source of production. If the capital is coverted into stock-in-trade for trading business then it would be part of welath. If the capital is kept in the form of cash then it would also be part of welath. It is the use of capital which will determine its status whetehr as means of production or as wealth.
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What is the difference in Islam and western Capitalism in using Capital as source of production?? I mean in which ways Islam doesn’t use Capital as source of production and in which ways western Capitalism doesn’t use Capital as source of production?? What’s the difference of Islam and western Capitalism in respect of using Capital in source of production??
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Islam prefers a hybrid economy where market forces are not to be tampered with unless absolutely necessary (for example, in dealing with basic necessities), while to counter the concentration of wealth (which is a necessary result of market economy), a public sector is formed which would own the public properties and its resources, to make sure poor and needy are taken care of.
Following videos will help you understand Islam’s approach in this regard and criticism on Socialism in the light of Quran 43:32 as well:
Please refer from 1:05 to 18:13
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Please also refer from 18:56 to 41:31
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