Islam-based economy

Islam-based economy

From Republika

The economic problem now facing Indonesia basically stems from the unequal distribution of goods and services among the entire public. This is a result of the adoption of the capitalist economic system. Under this system, natural wealth, which should be enjoyed by everyone, has been circulated among the big capitalists. Hence the economic gap.

An economic system based on Islam is different as it distinguishes three kinds of proprietorship rights, namely:

* Public ownership, which encompasses wealth that can be possessed by the public, such as water, the sea, the rivers, roads, minerals and so forth. Individuals enjoy the right to make use of this wealth but are prohibited from possessing it free of charge.

* Ownership by the state, namely in connection with land or buildings, which the entire public can use, but which do not belong to the category of public ownership.

* Individual ownership, namely individual rights owned on a syar'i basis. Objects, such as money, cars, clothes, cattle and so forth, can be directly used, made use of or exchanged.

If this ideal economic system could be implemented in life, there would be no excessive exploitation of natural wealth, an act which only leads to chaos in its distribution.

FAULATA JUNI SAVITRI, Purworejo, Central Java