1 / 11

IBM 11013 Introduction to Islamic Economics Islamic View points of Production

IBM 11013 Introduction to Islamic Economics Islamic View points of Production. Lecturer in charge RA.Sarjoon 06.06.2011. Production .

tekli
Download Presentation

IBM 11013 Introduction to Islamic Economics Islamic View points of Production

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. IBM 11013Introduction to Islamic EconomicsIslamic View points of Production Lecturer in charge RA.Sarjoon 06.06.2011 Factors of Production

  2. Production • Islam considers production as a means using the wealth and the effort of the person to produce commodities which satisfy his living needs on this earth in a concept of Halal and Haram, and any means used outside this concept no matter the goods are do not consider production in the view of the Shari’ah. Factors of Production

  3. Factors of Production • Land /Natural Resources • Labor • Capital • Organization /Entrepreneurship Factors of Production

  4. Land/ Natural Resources (Meaning and Importance) • Earth (Soil) (2:36) • Minerals (57:25) • Mountains (15:19) (79:32,33) • Forests (11:80) • Animals (20:54) • Climate and Rainfall (16:10,11) • Wider Significance of Land (20:53) Factors of Production

  5. Labor(Meaning and Importance) • Man was created to work (90:04) (76:28) • Physical Labor (28:27) • Intellectual Labor (12:54-56) • Supply of Labor • Efficiency of Labor • Mobility of Labor • Population • Freedom of Occupation(4:97,98) • Dignity of Labor Factors of Production

  6. Supply of Labor(4) • Efficiency of Labor • Physical and Moral Health (28:26) • Mental Fitness (12:55) • Education and Training (2:269) • Beauty and Grace (27:88) • Mobility of Labor(4:97) • Population(6:151) Factors of Production

  7. Capital(Meaning and Importance) • Accumulation of Capital • Avoidance of Extravagance • Hoarding • Peace and Security Factors of Production

  8. Accumulation of Capital(1) • Growth of Income • Compulsory Measures • Payment of Zakath • Prohibition of Interest • Optional Measures • To encourage growth of capital in the community • Re-investment of cash • Leaving successors wealthy Factors of Production

  9. Avoidance of Extravagance (7:31),(17:26,27) • Hoarding (70:18),(9:34) • Peace and Security (2:193),(22:40) Factors of Production

  10. Organization(Meaning and Importance) • Business Contracts (2:282) • Forms of Business Organizations • Profit Sharing (Mudaraba/Qirad) • Partnership • Muzareaand Musaqath • Shirkath Al-Mufawadha • Shirkath Al-Anan • Hirkath Al-Sanai • Shirkath Al-Wujooh Factors of Production

  11. Joint-Stock Companies • Business on Commission • Government undertaking Factors of Production

More Related