Islamic Economic System: Real Sector were

Islamic Economic System: Real Sector were

In the Islamic economy, the financial sector to follow-or-tied with the real sector. In the view of Islam, money is not the commodities (goods), but means of payment. Islamic hard reject all types of transactions, such as pseudo occurred in the money market or capital market at this time. Instead, Islam encourages international trade. Muhammad., Before becoming apostles, have become international traders since age teenagers. When the teens years, he was traded to Syam (Syria), Yemen and several Gulf countries in the region now. Then, when he became a messenger at the same time Daulah Islamiyah head of state in Medina, since the beginning of authority, Islam has business contacts with Chinese, Indian, Persian, and Roman. In fact only two centuries later (eighth century), traders have reached the European Islamic North.

Throughout the Daulah Islamiyah existence at the time of the Prophet Muhammad. rarely economic crisis (Previously it Daulah Islamic deficits, namely Hunain before the war, but paid off immediately after the war). At the time of Kekhilafahan Islam, especially the Khulafaur Rasyidin as well. At the time of Caliph Umar ibn al-Khaththab and inheritors Utsman bin Affan Budget often even experienced a surplus.

What's the secret? This is because Daulah Islamiyah monetary policy the Messenger of Allah. Kekhilafahan and Islam at the time of the caliph always associated with the real sector, especially trade.