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