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Islamic governance is the approach to leading Islamic nations and guiding their communities and organizations, all in line with the fundamental principles of Islam. [1] It can be viewed as a governance model that integrates Islamic values into the realms of administration , rule, management , and government .
A supporter of Islamic economics describes a "major difficulty" faced by Islamic reformers of Islamic economics and pointed out by other authors, namely that because a financial system is an "integrated and coherent structure", to create an Islamic system "based on trust, community and no interest" requires "changes and interventions on several ...
Islamic Government, says Khomeini, will be just but also unsparing with "troublesome" groups that cause "corruption" in Muslim society, and damage "Islam and the Islamic state," giving the example of Muhammad, who killed the men of the Bani Qurayza tribe and enslaved the women and children after the tribe collaborated with Muhammad's enemies ...
Political Islam here refers to the attempts of Muslim individuals, groups and movements to reconstruct the political, economic, social and cultural basis of their society along Islamic lines. This process involves different views of the place of Shari`ah in society and the approach to bringing about change.
With the Khilafa providing true Islamic governance, Islamic civilization would be revitalised, the political and legal independence of the Muslim umma (community of Muslim believers) would be restored, and the heretical influences of Sufism would be cleansed from Islam. [233] This doctrine would become the blueprint of future Islamist movements ...
(Takaful Basic Examination of Islamic Banking and Finance Institute of Malaysia). [1] According to at least one author (Monzer Kahf), Mu'amalat "sets terms and conditions of conduct for economic and financial relationships in the Islamic economy" and provides the "grounds on which new instruments" of Islamic financing are developed. It also ...
Rule by corporations; a system of governance where an economic and political system is controlled by corporations or corporate interests. [36] Its use is generally pejorative. Examples include company rule in India, and the business voters for the City of London Corporation. Kakistocracy
Between the 9th and 14th centuries, the Muslim world developed many advanced economic concepts, techniques and usages. These ranged from areas of production, investment, finance, economic development, taxation, property use such as Hawala: an early informal value transfer system, Islamic trusts, known as waqf, systems of contract relied upon by merchants, a widely circulated common currency ...