The central features of an Islamic economy are often summarized as:
1) the "behavioral norms and moral foundations" derived from the Quran and Sunnah;
(2) collection of zakat and other Islamic taxes,
(3) prohibition of interest (riba) charged on loans.
Islamic economics - Wikipedia
===
What is Islamic economy and its characteristics?
The main objective of Islamic Economics is to establish social justice, elimination of poverty, tangible reduction in economic disparities, free society of corruption society through the institution of Zakah, interest free system, moral and ethical instruments of Islamic teachings and the ultimate goal is to seek the ...2023. 1. 23.
Economic System: An Islamic Perspective - Rising Kashmir
===
What are the advantages of Islamic economic system?
Lowering Economic Inequality
Conventional financial markets benefit the rich, while Islamic markets promote wealth and risk sharing. Islam doesn't prohibit wealth accumulation. It raises awareness and responsibility for the poor.2023. 1. 3.
Islamic principles: The 10 financial advantages for a Muslim - Ethis.co
===
