Comparison between Economic Welfare and the Islamic Welfare Norms

Abstract

In the modern world, welfare of any community is one of the main objectives of any state Therefore it is possible to put emphasis on economic and Islamic norms. For achieving successful implementation of the program and policies for any nation, economic and Islamic welfare are the key ingredients required. However, the social and economic frame work under Islam is a comprehensive, harmonious, well integrated, holistic system. This paper compares the norms of Islamic and economic welfare. The article also focuses on the basic teaching of Islam in the context of welfare by quoting some Ayats. The paper also indicates the past and present situation of the world under the umbrella of welfare before First World War and Great Depression. It puts light on the studies of various economists, Islamic scholars, Muslims thinker and Jurists.