ECONOMICS SYSTEM : A COMPARATION STUDY
ECONOMIC
SYSTEMS
Pre se nt e d by :
Ayie f Fat hurra hm a n
Items
Origination
Capitalism
Socialism
an 18th-century
Islamic Economic System
610 CE – 632 CE
Distinguishing
characteristics
Economic
freedom
Economic
equality
Economic &social justice
ownership
Unlimited private
Public
ownership
Limited private ownership
+ Public ownership
ownership
Consumption of
wealth
Any thing can be
consumed
Society central * Halal goods are allowed to
plan authority
produced & consumed
made decision
what & how
much to produce * Haram goods aren’t allowed
to be produced & consumed
& this goods
EX. Alcohol drinks, Drugs
only allowed to
consume
Production of
wealth
Profitable goods
only are
produced
Distribution of
wealth
Concentration of
wealth in few
hand
Equal
distribution
Zakah(Sadaqah)automatically
transfer wealth from rich to
poor
Riba
Play role in
capital formation
Not play any role
Forbidden
T H AN K Y OU
SYSTEMS
Pre se nt e d by :
Ayie f Fat hurra hm a n
Items
Origination
Capitalism
Socialism
an 18th-century
Islamic Economic System
610 CE – 632 CE
Distinguishing
characteristics
Economic
freedom
Economic
equality
Economic &social justice
ownership
Unlimited private
Public
ownership
Limited private ownership
+ Public ownership
ownership
Consumption of
wealth
Any thing can be
consumed
Society central * Halal goods are allowed to
plan authority
produced & consumed
made decision
what & how
much to produce * Haram goods aren’t allowed
to be produced & consumed
& this goods
EX. Alcohol drinks, Drugs
only allowed to
consume
Production of
wealth
Profitable goods
only are
produced
Distribution of
wealth
Concentration of
wealth in few
hand
Equal
distribution
Zakah(Sadaqah)automatically
transfer wealth from rich to
poor
Riba
Play role in
capital formation
Not play any role
Forbidden
T H AN K Y OU