Islam offers moderate economic system : Hussain Mohi-ud-Din Qadri

Islamic economy is based on the concept of limited desires and unlimited resources, which provides an impetus to the industry leading to economic growth of the country. If the Pakistani businessmen ensure quality of their products and employ honesty to sell their goods, it would restore their credibility and prestige in the international market. Islam stands for equal economic rights and opportunities. The fact remains that socialism emerged as reaction to the exploitative nature of capitalism, whereas it is Islam only, which talks of rights of both the businessman and people.

Hussain Mohi-ud-Din Qadri, president of MQI's Supreme Council, expressed these views while delivering his keynote speech at a seminar on the subject of “Islamic solution of our economic ills” organized by MSM in Lahore. A large number of students belonging to various universities including Tajjmal Hussain, Zameer Mustafvi, Sajid Gondal, Abdul Qadir and others also attended the seminar.

Hussain Mohi-ud-Din Qadri said that Islamic economic system is based on moderation and it has drawn a clear line between the rights of customers and entrepreneurs. He added that it does not discriminate between people and establishes the principle of justice for distribution of profit. “Our religion forbids the use of negative methods on the part of businessman and discourages the formation of monopolies. It supports the idea of unrestrained competition and free market,” he maintained.

He said that there is a need to learn the morality of Islamic trade. He said that Islam talked of pollution, global warming and water pollution fourteen hundred years ago. He said that we need to introspect ourselves and imbibe the values and morality espoused by our great faith.