Only one set of notes for what is listed as two lectures. I don't know if I used this for both, or if I looked at it from a different perspective in the other talk (perhaps alternative ways of functioning economically within the currently dominant system). Anyway, you've got plenty to argue about with what's here.
ISLAMIC OUTREACH - Lesson Twenty-One
The Islamic social system
For every man/woman to fulfill his/her purpose in life
To balance rights of individual & rights of society
Ruler - elected by & responsible to people
People - responsible for electing, monitoring and guiding ruler
Therefore people need knowledge
duty to search for 'ilm, especially of Qur'an and Hadith
Social system based on basic principles from Qur'an and Hadith
The Political System
Ruler is Caliph not owner - no absolute authority
All muslims are Khulafah (Caliphs)
so duties are not different except in degree
Ruler's authority is to interpret & administer God's Laws
Government by consultation essential
Ruler has no right to appoint advisors
without consultation with & approval of community
Requirements for public leadership & representation
Piety, honesty, integrity, ability, knowledge,
wisdom, willingness to serve
If rulers are to uphold Islam they must be righteous people
Caliph has no right to force his ideas on council
(The Prophet constantly took his companions advice)
People's representatives must have access to ruler
to give opinions or voice grievances
Subjects mus give obedience & allegiance within Islam
The Economic System
Basic principles of wealth considered with Zakat
God is Absolute Owner - man has on trust
Wealth of earth is common right of all men
none allowed to deprive others of their share
Wealth is 'rizk' to help man fulfill his purpose
to be put to good or active use
a test for man
must be earned through effort (not games of chance)
Forbidden to take advantage of poverty
in need to increase wealth
Islamic system to keep wealth working
to best advantage of individual and society
Neither capitalism nor communism
Recognises variety
some individuals more able and diligent
get greater reward
(unlike communism)
Recognises unity
individuals are restricted in means of acquiring wealth
(unlike capitalism)
Charity encouraged and Zakat required
Islam positively encourages economic activity
Poverty seen as undesirable
Purpose of economic activity - service of God and Caliphate
Man called to account for actions
Individual (M & F) has right to own, inherit & sell property
but things belong to God
System prevents wealth concentration in few people's hands
Ensures economics run according to Islamic moral values
fairness, justice, equality & honesty
cheating & dishonesty forbidden (poss. unfairness also)
Business transactions to be put in writing & witnessed
Employers and employees duties
System flexible and voluntary
based on laws - based on knowledge
Islamic Money system & differences to existent