Standards of Collective Economic Justice of Prophet Muhammd (PBUH)

Abstract

This research article explores the standards of collective economic justice promoted by Prophet Muhammad (PBUH). Collective Economic Justice refers to the fair distribution of resources and opportunities within a community, ensuring that all members have access to basic necessities and economic well-being.

 The economic principles and guidelines set forth by Prophet Muhammad provide a comprehensive framework for promotion fairness, equity, and social welfare within a community. By investigating into the teachings of Islam, this research article aims to shed light on the Prophet's vision for economic justice and its implications for contemporary society.

The Prophet highlighted the importance of charity, known as "Zakat” & “Sadqa” which involves giving a portion of one's wealth to poor. “Zakat” is obligatory for Muslims. Another key aspect of Collective Economic Justice in the Prophet's teachings is the prohibition of usury, or "riba”. The Prophet encouraged collaboration in economic activities, fostering a sense of unity and shared responsibility.

This cooperative approach aimed to uplift the entire community & reduce economic inequalities. The research also explores the Prophet's stance on ethical business practices, emphasizing honesty, transparency, fairness & prohibition of fraudulent activities.

The principles of Zakat, prohibition of usury, economic cooperation, and ethical business practices serve as guiding beacons for building an economically just and compassionate society. Understanding and implementing these teachings can contribute to the establishment of equitable economic systems that prioritize the welfare of all members within a community.

Keywords: Economic justice, Social welfare, Charity, Transparency, Fairness, Zakat, Society.