Islam recognizes private ownership, the profit motive and market forces. The difference is that none of them is given unlimited authority.
When profit becomes the only standard, interest, gambling, harmful products, monopolies and destructive speculation can appear profitable even while they damage society.
This point should be read together with the surrounding rules, because Islamic financing is evaluated by the complete legal and commercial structure rather than by one isolated clause.
Opening interactive controls...
The Foundations of Islamic Economic Thinking
Islam recognizes private ownership, the profit motive and market forces. The difference is that none of them is given unlimited authority.
When profit becomes the only standard, interest, gambling, harmful products, monopolies and destructive speculation can appear profitable even while they damage society.
This point should be read together with the surrounding rules, because Islamic financing is evaluated by the complete legal and commercial structure rather than by one isolated clause.