Islamic Economic System?

Is there such a thing as an Islamic economic system?

[@abdullahjunaid9572]

AOA, Sir am student of MSc sociology from AIOU and listening your lecture just an hour before my university exam..... u are simply love 💕

[@zunairasadiq]

Gonna fail xD

[@humza9516]

@@zunairasadiq I know what you did when you were supposed to be with daddy Marx and daddy comte and daddy Durkheim!

[@rutariq]

Thanks Dr sahib! It looks like you're reading my mind and you make a video on the topic :-) (like this .. and previously when you spoke about Zakat

[@ahmadkhatib6617]

kzbin.info/www/bejne/gHfJcq2XfcR4bKM

[@syedkhalid9473]

Amazing intellectual Lots of love from Kashmir india

[@dann5480]

Be ti chus kasheeri pyeth. Tueh kati chiv rozan?

[@GoIntoThis]

Indian occupied kashmir

[@mehwishm736]

Thank you for taking out the time to share your knowledge with us in such an easy to understand way.

[@BookBuddyOfficial]

It's great to hear you Dr. Taimur...let's have a discourse someday...

[@TariqMehmood-nz6jp]

Very well done Professor Sb, you are great. Love the depth and simplicity of your explanations..

[@maju1946]

Very well explained. You make complicated things easier to understand. Zabardast

[@Sean-uv9vc]

Great info shared by you Dr Taimur. Awesome 🤩

[@greathalls5065]

you are doing a phenomenal job. thank you

[@kazimustaqeem]

Mashallah, very good lecture. Thank you for this lecture.

[@mychannel-wv4bo]

مزہ آیا ۔ ایسا چینل اردو زبان میں فراھم کر کے آپ نے واقعی احسان کیا ہے سر ۔۔

[@chahmed9917]

Wonderful lecture.learned a lot. observing some of comments made me realize that peoples are so sensitive to Islamic talks even. They just cant accept anything which is out of Islamic boundaries. thank you so much for this profound knowledge

[@Mukhtar_Ali]

Such an insightful and enlightening talk. Thank you.

[@tariqjamil3718]

Informative ❤.

[@ahmadebad3903]

Sir Please start uploading these lectures in audio as podcasts. Audio podcasts are much easier to listen to while on the go, or during a walk, etc! Or even while taking notes. It'll be a great help.

[@ehsanreporter]

Yes

[@Rizwan-Ali]

This is so amazing.. wonderful to hear you.

[@rymaustudio5683]

A man and his love can change the world 🌍. Thanks for your contribution

[@TheProfessor1997]

Thank you sir! And Kindly address Islamic political system and its assimilation with today's democracy.

[@shahzebkhanpu]

It can be called a techno-reductionist explanation of economics. This is by the way the downside of looking at things materialistically. Besides, had islamic economic system been a 'utopia', how did it enable multiple peoples in varying locales for over a millennium. it's not a static system, rather it has adapted itself according to the changing geographies and human locales. it should base on four principles: equal access to economic opportunities; regulation of income disparities; prohibiton on amassment of wealth/gold etc; on ajnaas; and just balance between capital and labour. despite the natural disparity between the desired and actual outcomes, by and large, societies that were governed on these islamic principles have actually fared better than those governed by other systems. for example, look at the societies of south asia (and yes under the Mughals too), north-west africa, and al-andalus representing three different continents. all these societies have collectively prospered and the lay persons were more prosperous (as many have proven, irfan habib, tara Chand in case of india) than their counterparts much later during colonial period. also, because capitalism had not been invented by then and hence there were greater chances of the trickle down of resources in the wake of meagre resources that were required by the ordinary masses to sustain their lives. all these years fuqaha and rulers kept altering their decision making and adjusted according to the needs of the common populace. it's so astonishing that a person of your intellectual calibre, dear professor, thinks that 'islamic system of economics' was a closed static system which didn't have any hermeneutic principles which informed the economic decisions of successive rulers in the islamicate. and perhaps this is the biggest problem of marxism, that it alienates people from their own past for a greater degree of engagement with eurocentric conceptions. that's why walter mignolo says that capitalism and communism are two sides of western imperialism. although the list would be very long, but i'd like to share a few works that might help the honourable professor diversify his perspectives and might enable him to sometimes overcome his ideological and eurocentric biases: Restating Orientalism: A Critique of Modern Knowledge by Wael Hallaq The Darker Side of Western Modernity by Walter Mignolo Science and Civilization in Islam by Syed Hoossein Nasar Jim Alkhalili's BBC4 Documentary on Science and Islam or his book on House of Wisdom Imam Abu Yousaf's Kitab ul Khiraaj (8th Century CE) Hujjatullah il Baligha by Shah Waliullah, Mabhas e Soam on Irtifaqat (you may also access this via Marcia Hermansen's translation The Conclusive Argument from God) Maulana Hifzurehman Seharwi's Islam Ka Iqtisadi Nizam. (How doing a programme by engaging or offering a critique of this text?) You are doing a great service by offering your public pedagogy, but please try to also sometimes deal with paradigmatic and epistemological politics as well. As Mignolo says: I am "where" I think. So it's really very hard to import Marxism (in its various versions) to Pakistan without engaging with the deep pasts of our region. But thanks a lot for your valuable contributions and for the opportunity to engage on these matters.

[@huzefahabib2070]

Excellent.

[@parjanyashukla176]

Complete nonsense. Under the Mughal rule (considering only the period between Akbar - Aurangzeb), taxes on agricultural produce were upto 90% of the total produce, which did not go above 50% in the Hindu-Buddhist period prior to that. Besides that, - Mughal Central administration had no well-established famine/calamity relief measures, which were put in place by Hindu rulers only prior to that. Famines that were commonplace during the British rule had already started during the Mughal period. - Mughal shehzadas used surplus produce only for the sake of inter-fraternal warfare by creating alliances against each other as Mughals had no law of succession. This wasted the country's resources. - Individual rulers might have attempted upgrading irrigation, but nothing significant happened eventually - Mughals were interested only in dance and music, hunting and liquor. They did not establish a single university for any kind of intellectual development of the society. - By the time of Aurangzeb, due to his religious fanatacism, Sikhs, Rajputs and Marathas, all had started carving out their own states.

[@ashrafdost2625]

it's a great lecture. thanks

[@Aliphbay]

is it possible to have a short discussion on this with you? I would like to pilot/simulate the theory in a virtual financial environment with 50-100 families. how to approach you. Thanks! Great Lecture

[@AbdulJabbar-vv6hr]

you should email him, he always reply to emails

[@Qanwaz100]

Lecture and comments are both thought provoking!

[@AsimKhan326]

aoa quiet an informative lecture for me . I was wondering you didnt give any example of "universal laws" you mentioned in last segment of your lecture (which might need some correction) and if I missed it please let me know

[@zafarali4483]

Really interesting topic, really like to understand your comment about Cain And Abel about settlement and nomadic life where did you get that from or is it your analysis

[@Lily-tr9pn]

Nice talk just want to ask regarding your talk around 32:00 : why Afghans, who had no latest technology in warfare, were able to kick out Britain, Russia and USA?

[@shabeerahmad1908]

Great lecture!

[@zehrajafri9252]

Very concise and simply explained. Good job. ❤❤❤ 💚 💚 💚

[@naveedahmad-ku9ti]

Amazing Lecture Enjoy it Thanks

[@AshokKumar-lv1ef]

Dr Saab, I want to know -in what way social media which is a amalgamation of personal and impersonal communication - affects the structure of political parties?

[@ishtiaqniazi9950]

very informative based on historical facts, learnt a lot

[@ZafarIqbal-js1uu]

Again with all due respect, as far your emphasis on technology, I have a question. Should the invention of birth control techniques render the institution of marriage and family as obsolete? Lot of confusion in your lecture. And then the same tranlates in your understanding of the Islamic Economics Project.

[@pankaja7974]

there will always be confusion when you try to reconcile 21st century internet economy with 7th century arabia economy.

[@rhkraptor]

Very Informative

[@taqoastudio557]

Dear Taimur, have you been through " IQTESADUNA" of Baqir us Sadr from Iraq on critics of rest of economic system and also on Islamic Eco System. I need your review about that.. thanks

[@advocatehafiznasirmahmood5980]

Very beautiful effort of my dear bro

[@talhaahmedkhan2832]

From your discussion, some things are lacking. I am not so knowledgeable in this field but my point of view is that as Muslims we are required to follow Islamic moral values, which means we must devise a modern economic system that must not coincide with Islamic moral values. e.g. interest rates. Need is what should be determined to apply basic Islamic values in devising a modern economic system. We can further extend and research about your discussion but should not come to conclusions with negations.

[@alisyed2913]

I agree, listening to you free on social media is a treat. 😊

[@todaywithmuhammadayubnawab3116]

It’s really informative lecture

[@Rajputwarrior_7]

Salam sir , I'm just a student of knowledge and history, I've seen many vedios and explained things about history, but I really admire you how you explain all the economic system to us but you have to go further more aspects of Islamic history ecos, because the last part is very short , you have to explain us in detail thanks 💪🇵🇰

[@xoxo49999]

Dr asad zaman work is quite reflective

[@Lifecaretopi]

Thank you Dr Saab

[@shershah2012]

Well explained sir.

[@sirajuddin1058]

MashaAllah dr. Sahib Aap azim scholar hain. Allah pak Aako umri daraz sihato aafiyat ata farmaay. Asan alfaz main zabardast lecture tha.

[@USAAMAW]

IJTEHAD, i think is the solution for modern problems and technological advancements. But it also needs brains who are well aware of Islamic perspective as well as modern world so they can take decisions which are beneficial in this world and here after. For instance, Cryptocurrency halal or not? I don't think that Ulemas have made any decisions yet.

[@modasirhussain5253]

This is the only way and islamic teachings encourage umma to formulate their matters according to the contemporary muslims. We should refer to the real islam not the anarchic powers in the name of islam.

[@panwarg6156]

Respected sir, kindly explain the composition of economic structure of umaid and abbasid caliphate.

[@TalhahAamir]

Amazingly explained! One argument which I want to put forward is that, Islam tells us about morals in every aspect of life thus Islam also tells us about economic morals. For example Islam Ordained about zakat, Prohibition of Interest, Prohibition of hoarding and so on, so these are morals and these morals can be alligned with any modern technological system, so Islam doesn't ordained us to duplicate any system of particular era but Ordained us to implement those principles in whatever the technology of present time. So it's more about morals , same is about political system.

[@mohammeddanish7581]

You just explained economic history in a concise manner, and its compatibility across different ages. Very less information about islamic economic system

[@studywithme3858]

Exactly

[@drisrar2993]

Islam Doesn't oppose any political Or economic system rather stands as an checker on these systems that these systems don't exploit people.

[@apuapustaja1]

Unfortunately modern capitalism or corporatism to be more correct is outright against Islam. You can still mold communism or socialism to be inline with Islam considerably by limiting the ownership of property rather than a draconian state control (which as seen during soviet and pre-deng xiaoping era china only benefited the political elite).

[@advocatehafiznasirmahmood5980]

I always waited for it

[@kamranhaider14]

AoA Sir I hope you are doing well. I have a question about the concept of economy in traditional religion. I read a book of Yuval Noah Harri that is 21 lesson of 21th century. In this book, he says that the traditional religion as Christainty, Islam And Hinduism have method of economy system but they do not have up to date models of economy. So these religions have failed in this modern era. So is the up to date model of economy in Islam present or not ?

[@tufelmirani467]

Thank you very much taimur bhai for beautiful explanation of islamic economic system tufel mirani🙂

[@bahauddinagha2425]

آپ کے پاس مواد نھیں تھا اس لئے پوری ویڈیو میں ادھر ادھر کی باتیں کیں۔ حضرت عمر رض کی طرح کا احتساب پاکستان میں لاگو کرو ملک خوشحال ھو جائے گا

[@abhijithchandran3738]

Good video, especially the introduction. Would have been much better if you could analyse the Iranian economy, as it's the only country in the modern era which is mostly Islamic, and ruled directly by the clerics.

[@HaiderAli-ke2pi]

Dr Taimur may you live forever. I am indeed your virtual student. Learned a lot from you.👍❤

[@samreenhabib4965]

Excellent lecture!!

[@art.boy.artist]

Inventions pe videos banaye ham kise markit me product la sakte hai

[@umer4465]

sir one question, in describing the human relationship with the economy, the whole focus here is on the middle east and Europe, what was happening in China, Far East, and Japan.

[@vinamrasinghai2339]

Those were the richest economies of their time. They didn't have the concept of slavery. Subcontinent worked with the idea of Jati whereas others worked with the idea of Jati. They had a class of people called Dalits to take care of the lowest of low jobs. Indians only used to trade in Gold, so were rich and they were based on the ideas of people and the idea of transactions. They didn't believe in intellectual property rights. kzbin.info/www/bejne/p5umc2isqKlkebc

[@sibtainbaloch3281]

Thanks sir

[@WaqasKhatri_]

What do you think about zakat system and current taxation system?

[@motivational_official]

sir u have great knowledge about economics hum khn se itni knowledge gain kren aap btaskt hn ?

[@bilalbashir]

Amazing lecture sir you’re great wish to meet you someday

[@muhammadahmad96]

Enjoyed every single bit of this lecture. I categorize your lectures in the following manner: 1. Dr Saab's Lectures to be watched once 2. Dr Saab's Lectures to be watched twice 3. Dr Saab's Lectures to be watched thrice Looks like I'll have to watch this video two more times for such thought stimulating ideas to finally settle in my brain. Thank you for sharing such informative stuff with the world,

[@waqasome]

love to listen you.

[@huzaifakhan7204]

Can someone mentions the name of the book he suggested to read regarding the Agricultural history?

[@muhammadhanifanjum6463]

Sir, Regime change par kisi kism ki koi lab kushai ni farmaiyan gayyy?????????????

[@HarisA1i]

Islam ki yhi sab se brri beauty ha k iska koi specific Govt & economic system nhi... Time k sath system or khud ko evolve krna chye.. Good sir..

[@tahirahmedzia7157]

Mashallah... Very thoughtful ❤

[@faisalabbasi3703]

Thanks for Educating the nation free of cost ......

[@TALAYAGAR]

Good effort...

[@zainulabdin2614]

Thank you so much sir

[@drsalmanshafiq3050]

Thanks doc ❤

[@shahdanyal7542]

A nice way to inform and explain the evolving of the historical thought and the economics thought in modern times. In your comments that IT industry made homes as work place and it is true. However can we add that the home based industry before the pre industrial revolution times already existed. The home base production were crafts processing such as tailoring clothes, shoemaking, the spindle and looms , carpentering. These, I witness in my home town when I was a boy.

[@jawaharlalsingh1250]

Very informative and thought provoking. I regularly watch your videos but some Urdu words make them difficult to comprehend. Please give English or Hindi alternative if possible.Thanks a lot for promoting progressive ideas in Indian subcontinent.

[@Abdullah-uv9nk]

No, learn Urdu

[@PS-ej2xn]

@@Abdullah-uv9nk Better yet, Arabic. How can anyone really understand Allah's teaching to mankind without mastering Arabic? In India Jawaharlal Nehru had said that if he could teach Indian future generations one perfect language, it would be Arabic. But BJP did not let Nehru succeed.

[@parjanyashukla176]

​​@@PS-ej2xn Nehru was secretly a Muslim according to some researchers, so it is not surprising. And BJP didn't even exist during Nehru's time. Moreover, Hindus would love to learn Arabic from Pakistanis. For that, Pakistan will have to become an exemplar state by adopting Arabic in its school and university curriculum.

[@parjanyashukla176]

​@@Abdullah-uv9nk Urdu and Hindi are one and the same language, with two different literary styles due to historical reasons.

[@Walid-Sahab]

Sir What about Marxism/Communism ? Isn't it connected with technology?

[@info_how]

Economic history elaborated in smooth way....learning way

[@panwarg6156]

Respected sir, I think that selection of rashidun caliphate was some how near to democratic system. What is ur opinion?

[@crumpfyllc5571]

my opinion is almost same

[@Study-Together753]

I watch your every video.. I am doing master in political science at Bolu Abbant Izzet baysal university Turkey.

[@khaleelbuledi5287]

Sir you are gem of wisdom ❤️

[@sheraz_razzaq]

The major question i would like to ask from you here is that basically how you are trying to define the ECONOMIC SYSTEM ,, Can you please put the basic pilar/prinicples of a Economic system so that we will then compare things.. I can't imagine that a person whom I think have a wast knowledge of Economic system and the best solutions skipped to present those things. I would be very happy that if you share the basic pilars/principles of the BEST System in your consideration+ How you define a Ecoomix system?

[@awaismajeed7302]

When will you make a video on the Russia-Ukaraine war ....?

[@imtiaznarration5713]

Sir, you are a very enlightened and realist thinker. As we are very confused like many Muslims who don't find any answer to the lot of contradictions and incompatibility in the technological aspect of Islamic society. As science and technology advanced are we being hindered by its pursuance due to our rigid beliefs. Are we to change our priorities according to the advance scientific and analytical proponents. Can a state run by a system where riba is forbidden then how your trade and business can be done. When you open letter of credit other countries bank will not accept your lc unless a certain interest on the transaction is paid, then what is the solution. Please brief ignorant like us the way to act. God bless You.

[@zahidkalam2147]

سرجی اپ سے چند سوالات ؟ ؟؟؟ (1) اگر آپ لیفٹیسٹو کو اکثریت مل جائے تو اپکا لاحہ عمل آئین کے ساتھ کیا ہوگا, اس آئین جو اسلامی تصور کیا جاتا ہے اس کے ہوتے ہوئے سوشلزم ایمپلیمنٹ ہو سکتا ہے ؟؟؟( 2)کیا سوشلزم کی ایکنامیک پالیسی کو ایمپلیمنٹ کرنے کیلئے جو سیاسی استحکام کے ضرورت ہوتی ہیں جو ون پارٹی سسٹم میں ممکن ہے ؟ پاکستان میں ہوسکتا ہے؟؟ (3) پاکستان میں اسٹیبلشمنٹ سپورٹ کے بغیر اپکی پارٹی اکثریت میں آ سکتی ہے ؟؟ اگر آ بھی جائے تو عالمی اسٹیبلشمنٹ کا ذیلی ادارہ پاکستان میں ہمیشہ ان ہی کے خدمت کرتے چلے آ رہے ہیں (یعنی ہماری فوج) کو لگام ڈال سکے گا ؟؟ (4) اگر سوشلزم ایمپلیمنٹ کرنے کیلئے سیکولرازم ملک میں لازمی (خاصکر آئین) تو اپ مزہبی لوگ کیسے مطمئین کرینگے ؟؟(5) آپ سوشلزم کا کونسا ماڈل پاکستان میں ایمپلیمنٹ کرنا کرینگے ؟؟ کیوبہ, روس, ویتنام یا چائینہ, ان ممالک کا ایکنامک پالیسی بھی ایک دوسرے سے مختلف ہے چائینہ کے بارے میں کہا جاتا ہے کہ پولیٹیکل کمیونسٹ اور ایکنامیکلی اب لیبرل ہو چکا ہے ؟؟؟(6) اگر اج آپ لوگ اکثریت میں آجائے اور سسٹم کو کیپٹلزم سے سوشلزم پہ کنورٹ کرینگے تو پاکستان مسائل کا شکار نہیں ہوگا آئی ایم ایف کے غلامی سے نجات کیسے حاصل ہوگا اتنے قرضوں کے باوجود ؟؟( سرجی اس پر ایک ویلاگ بنائیں)

[@Taimur_Laal]

Lots of good questions. I’ll answer in videos.

[@zahidkalam2147]

Thank you sir 🙏

[@Seeker89]

@@zahidkalam2147 beautiful questions :)

[@Qanwaz100]

Appreciate that!

[@theknowledgedragon4837]

Yar bahi tumaray question achay lakin ek request hai sari foj ko bura mat kaho usi foj k banday hamri hifazat k liye shamali wajitstan ,Loc per shadate de rahe hai jab k yeah log itni tunkhwa hi nahi late hun aap foji high officers ko tanqeed ka nishna banay plz puray idaray ko tunqeed ka nishana na banaye kio k pakistan ka well discipline idara hai foj hai is liye humay foj se nahi foji high officers ki soch badli hai-thank you

[@Rizwan-Ali]

the full video fails to tell what is Islamic Economic System? why don't tell what is Islamic Economic System and let the viewers decide how much it is applicable or not??

[@Learn_Programming_Fundamentals]

Talking about Islamic Economic system and asking how much it is applicable, is it even a question?

[@salmanlahori6416]

Dr Sahab mardana kamzori ke lye koi nuskha bta dein

[@adeelzahid8940]

Great video

[@saeedbaig4632]

کوزہے میں دریا بند، سلامت رھو، آمین

[@aamirikram5845]

My question though not relevant to Islamic Economic System, but it is beneficial not for me but others who are listening and seeing this lecture. Sir, u have good collection of books visible in the background. Iam interested to know about the one with the name IDEAS. If u please write down the name of Author[s], I will be thankful.

[@Taimur_Laal]

Peter Watson.

[@thegreatsocrates4847]

Sorry but as a muslim i have question in my mind if Islamic economic system is the best economic model then why muslim world was in devastating situation before crude oil 🛢 was Discovered in Gulf countries even there were millions of scholars ?

[@thegreatsocrates4847]

This comment/question is for those who are supporting Islamic economic system over Socialist economic system.

[@dann5480]

No economic system is the best, there are good and bad things in all systems.

[@waseemrasheed2367]

Arab world has oil but west has tech to obtain oil. socialist system will not succed in arabs not even islamic system, because arab need to have self reliance. Arabs are depended on west tech for obtaing oil from their land. West is 400 years ahead of muslims in education.

[@waseemrasheed2367]

@@thegreatsocrates4847 thanks bro i have removed that word

[@waseemrasheed2367]

Arab world has oil but west has tech to obtain oil. socialist system will not succed in arabs not even islamic system, because arab need to have self reliance. Arabs are depended on west tech for obtaing oil from their land. West is 400 years ahead of muslims in education.

[@MuhammadAli-fw4os]

Thank you

[@learnenglishwithhamid]

Quite informative!

[@abdlghafoor9180]

Sir ji! What changes in technology basis of society will occurs if socialism or communism take over

[@samansqureshi1927]

Sir plz plz plz political science k topics pr aor mazed videos bnaye

[@omairzamir1246]

Islam provies the fundamentals of economic system that can fit in any Era of live. They are not stuck to ancient times. You can study "Islam ka Iqtisadi Nizam" by Molana Hifzurehman Siwharwi for better understading of Islamic Princle and Comparision between Socialism and Capitalism

[@SerenityScribbles261]

29:00 I think ethics which you mentioned is the bases for Islamic economic system is still as much relevant as before. Like "Dr. Taimur Rahman" is struggling against "Capitalism" is truly what "ethics" are.

[@ubaidbazi1553]

Allama perwez saib say very clearly about Islamic economic system

[@AdnanAli-mr4yz]

Respected Sir. During many discussions with my colleagues and students when they talk about the Islamic economic system they refer to the time of the Muhammad SAW and Four Caliph, not to the Abbasid or Umayyad dynasties' time frame can you kindly clarify which kind of economic system was there at the time of Muhammad SAW and the Four caliphs was it astatic economic system or ancient society antiquity economic system or some unique Islamic Economic system. Secondly what type of economic system was discussed by Ibn Khaldoon and how he answered the central economic problem?

[@shirazshaikh9501]

My Smartest Salute to you Sir!

[@ibraraziz3532]

May I conclude that Islamic Economic System cannot be implemented in present and Future?? Please precious reply

[@muhammadrafiq2722]

Assalam u alaikum sir Sir I am from Lahore and I am a student of philosophy and now I want to learn from you

[@ummeaymenzaheer8718]

Such a good lecture and the way you explained this is extraordinary...

[@mohsinafzaal7159]

Excellent lecture! Always a pleasure to listen to you Sir ❤

[@saidkhan1599]

Love a lot sir