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**BaselBimbooooo** · 11-01-2011, 12:54 PM

BTW, there is a BIG difference between nationalization in a nation state and state or public owned in an Islamic state.

The natural resources of the Ummah are public property and maintained by the state.
Oil, gas, water, iron ore, etc. are all maintained by the state or can be contracted to companies (but there cannot be partnership of ownership of natural resources, as oil reserves in the Muslim world are partially owned by Western companies and partially owned by Muslim govts- BP adn MobilExxon owning minority shares of various oil reserves in Arabian Pennisula, for example).

11-01-2011, 12:54 PM	#18
BaselBimbooooo Join Date Oct 2005 Posts 646 Senior Member	BTW, there is a BIG difference between nationalization in a nation state and state or public owned in an Islamic state. The natural resources of the Ummah are public property and maintained by the state. Oil, gas, water, iron ore, etc. are all maintained by the state or can be contracted to companies (but there cannot be partnership of ownership of natural resources, as oil reserves in the Muslim world are partially owned by Western companies and partially owned by Muslim govts- BP adn MobilExxon owning minority shares of various oil reserves in Arabian Pennisula, for example).
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