As-Salaamu Alaikum to our honourable Sheikh may Allah keep you safe and sound. I want to know the extent of the involvement of the Islamic State's authority in economics as a whole and then the extent of its authority in the enforcement of taxes (Daraa'ib). How are taxes regulated in general according to the Fiqhi understanding? … Continue reading Q&A: Extent of State Involvement in Economics and Taxes
Category: Economics
Q&A: Benefiting from Public Property in the Khilafah
Question The following text is found in the draft constitution: "Article 140 - Every individual from the individuals of the community (ummah) has the right to derive benefit from public ownership. The State has no right to allow any particular individual to possess, own or utilise publicly owned properties to the exclusion of other citizens." … Continue reading Q&A: Benefiting from Public Property in the Khilafah
Taxation in Islam: Wealth Tax
The following article is based on the book Funds in the Khilafah State which is a translation of Al-Amwal fi Dowlat Al-Khilafah by Abdul-Qadeem Zalloom. Allah (swt) has revealed a comprehensive economic system that details all aspects of economic life including government revenues and taxation. In origin, the permanent sources of revenue for the Bait … Continue reading Taxation in Islam: Wealth Tax