DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - What is wrong with Capitalism? is Capitalism haram?

**Fsfkkkjz** · 06-10-2012, 03:03 AM

Capitalism is the private ownership of private property and the creation of goods and services for profit. And has nothing to do with banks or banking. Although, most capitalists use banks to fund their business.

If it was just about the private ownership of private property and the creation of goods and services for profit then it would bee 100% compatible with Islam, but it isn't.

Islam is 100% for halal private property and halal trade, but Capitalism is a system based upon various laws that enshrines usury/interest/riba and various other economic and legal mechanisms that are contrary to Islam.

Furthermore no one can deny that the usurious banking system is at the very heart of Capitalism.

06-10-2012, 03:03 AM	#40
Fsfkkkjz Join Date Oct 2005 Posts 443 Senior Member	Capitalism is the private ownership of private property and the creation of goods and services for profit. And has nothing to do with banks or banking. Although, most capitalists use banks to fund their business. If it was just about the private ownership of private property and the creation of goods and services for profit then it would bee 100% compatible with Islam, but it isn't. Islam is 100% for halal private property and halal trade, but Capitalism is a system based upon various laws that enshrines usury/interest/riba and various other economic and legal mechanisms that are contrary to Islam. Furthermore no one can deny that the usurious banking system is at the very heart of Capitalism.
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