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Response to Comments on Towards a New Paradigm for Economics,” Journal of King AbdulAziz University: Islamic Econ., Vol 20, No. 1,p. 73-82 (2007 AD/1428 AH)

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ABSTRACT

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REFERENCES

2:219 They ask thee how much they are to spend; Say: "What is beyond your needs." Thus doth Allah Make clear to you His Signs: In order that ye may consider.

3:103 And hold fast, all together, by the rope which Allah (stretches out for you), and be not divided among yourselves; and remember with gratitude Allah's favour on you; for ye were enemies and He joined your hearts in love, so that by His Grace, ye became brethren; and ye were on the brink of the pit of Fire, and He saved you from it. Thus doth Allah make His Signs clear to you: That ye may be guided.

3:185 Every human being is bound to taste death: but only on the Day of Resurrection will you be requited in full [for whatever you have done] - whereupon he that shall be drawn away from the fire and brought into paradise will indeed have gained a triumph: for the life of this world is nothing but an enjoyment of self-delusion.

3:196 LET IT NOT deceive thee that those who are bent on denying the truth seem to be able to do as they please on earth: 197 it is [but] a brief enjoyment, with hell thereafter as their goal - and how vile a resting-place! –

4:32 And in no wise covet those things in which Allah Hath estowed His gifts More freely on some of you than on others: To men is allotted what they earn, and to women what they earn: But ask Allah of His bounty. For Allah hath full knowledge of all things.

7:31 O Children of Adam! wear your beautiful apparel at every time and place of prayer: eat and drink: But waste not by excess, for Allah loveth not the wasters.

17:26 And give his due to the near of kin, as well as to the needy and the wayfarer, but do not squander [thy substance] senselessly.

17:27 Behold, the squanderers are, indeed, of the ilk of the satans - inasmuch as Satan has indeed proved most ungrateful to his Sustainer.

18:6 Thou wouldst only, perchance, fret thyself to death, following after them, in grief, if they believe not in this Message.

21:92 VERILY, [O you who believe in Me,] this community of yours is one single community, since I am the Sustainer of you all:

28:73 For it is out of His grace that He has made for you the night and the day, so that you might rest therein as well as seek to obtain [what you need] of His bounty: and [He gave you all this] so that you might have cause to be grateful.

30:41 [Since they have become oblivious of God,] corruption has appeared on land and in the sea as an outcome of what men’s hands have wrought:.

45:23 Hast thou seen him who maketh his desire his god, and Allah sendeth him astray purposely, and sealeth up his hearing and his heart, and setteth on his sight a covering? Then who will lead him after Allah (hath condemned him)? Will ye not then heed?

57:20 KNOW [O men] that the life of this world is but a play and a passing delight, and a beautiful show, and [the cause of] your boastful vying with one another, and [of your] greed for more and more riches and children.

61:2 O ye who believe! Why say ye that which ye do not?

69:34 Nor did he urge the feeding of the poor.

70:24-25 In their wealth there is a known right for those who ask for it and those who have need for it.

79:40 But unto him who shall have stood in fear of his Sustainer's Presence, and held back his inner self from base desires,

79:41 paradise will truly be the goal!

Hadeeth:

Al-Bukhari: Volume 4, Book 53, Number 373:

Narrated 'Amr bin Taghlib:

Allah's Apostle gave (gifts) to some people to the exclusion of some others. The latter seemed to be displeased by that. The Prophet said, "I give to some people, lest they should deviate from True Faith or lose patience, while I refer other people to the goodness and contentment which Allah has put in their hearts, and 'Amr bin Taghlib is amongst them." 'Amr bin Taghlib said, "The statement of Allah's Apostle is dearer to me than red camels."

Narrated Al-Hasan: 'Amr bin Taghlib told us that Allah's Apostle got some property or some war prisoners and he distributed them in the above way (i.e. giving to some people to the exclusion of others)