Islamic Teachings on Socio-Economic Justice for a Sustainable Human Society: An Evaluation

Abstract

Economics is the coherent study of how scarce resources are apportioned to accomplish the interminable yearning of consumers, therefore economics is the cognition to tackle unfettered aspirations with precise resources. Islam wants to inaugurate economic equality between individuals and society. Economic impartiality does not mean that one person has the same affluence as another because such equilibrium is queer and preternatural. Differences between different people are necessary for terms of increase or decrease in mental capacity; as without it, no effective cultural system can be established in the real sense. This ratio of the difference between individuals should not be untrammeled and the fringes of honors and privileges should be eradicated. The present research explains how the economic system of Islam is revolutionary that is practiced in the world after the inception of Islam based on principle of Islamic economic policy, the circulation of wealth should be common throughout the society so that social economic justice can be administered. In other words, social and economic justice are in amalgamation with each other. The Research Methodology used is the Qualitative Archival Method for the collection of data. The present study highlighted how social justice act as a catalyst for economic justice in development of sustainable human society by examining the Islamic economic doctrines and principles of social-economic justice as elaborated the Islamic teachings.