The Libertarian Character of the Islamic Economy
"Islam was introduced by a Prophet, who led an active life as a merchant for 40 long years and who is reported to have said: ‘Welfare and blessedness is composed of ten parts, nine-tenths of which is attained through trade.’ This is possible only if the economy is organised on enterprise-centric rather than state-centric lines. The letter of shari’a guarantees economic freedom, and its spirit enjoins social justice. The spirit of welfare, which Islam propagates, is based on the degree of choice and freedom that individuals enjoy, and is dependent on the absence of coercion. Welfare does not come from a big state; it comes from prosperous and responsible individuals who imbibe the notion of mutual goodwill and charity towards others." (Ali Salman)
Click here to see the article.