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Investment in the Islamic Economic System | ||
| Economic Sciences | ||
| Article 1, Volume 8, Issue 30, 2013, Pages 1-32 PDF (0 K) | ||
| Author | ||
| Yussif ali abed | ||
| Abstract | ||
| Investment is considered the most important determinants of economic growth and plays a significant role in determining the macroeconomic variables of income and employment. Based on this fact, the economic system in Islam puts certain criteria and bases within its developmental and invest mental method to activate the investment of available resources is inseparable from the values and principles that distinguishes this method from other man-made regulations. The Islamic method of investment based on the prohibition of interest rate and preventing the hoarding of money is a strong motivation to investment as a way for the development of money and protect it from alms tax where it will be paid from the profit made and not out of the capital. This is an important point that distinguishes this method from the other. The tax here is working toward pushing investment and not restricting it ,where tax does not affect the money, but continued to raise the fruit obtained from the investment. Raising the marginal efficiency of capital, and this is the essence of research. | ||
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