TITLE:
The Power of the Will of Faith and the Point of View of Islam
AUTHORS:
Adnan A. Al Smadi
KEYWORDS:
Satisfaction, Faith on Contracts, Poverty, Concluded, View of Islam
JOURNAL NAME:
Modern Economy,
Vol.10 No.12,
December
31,
2019
ABSTRACT: In this paper we present the Will of Faith and the Point ofView of Islam confronting the free world because of its adherence to the principle of economic freedom, which calls for the rule“let him work, let him pass.”This principle has brought about deep inequality between the rich and the poor, where the rich are a bit more than 10% of the population possessing 90% of the wealth, whereas the rest of the population does not have more than 10% of it. This is due to the wrong view of the free world about the economic problem caused by the relative scarcity based on Metros theory. In his theory, Matros, argues that the increase of population follows the engineering progression (1,2,4,8,16, ···) and the arithmetical progression on the increase of the wealth (1,2,3,4,5,6). This theory has been adopted by the free doctrine people to solve the problem by increasing the size of the national income without intervening inthe distribution of wealth that would reach the hands of each individual. Hence, the one who has the wealth is the one having the capital. Islam, on the other hand, believes that the economic problem is due to bad distribution of wealth and that solving the problem is achieved by ensuring the accessibility of wealth by each citizen, increasing production, and controlling contracts and conditions. The related work that the power of will over contracts and conditions through controlling the possession of wealth and fair distribution of it guarantees the needs of each individual and creates an economic balance so as to prevent the encroachment of the individual on society and the encroachment of society on the individual.