Al Hisbah The Islamic state is in charge of responsibility of making

Al hisbah the islamic state is in charge of

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Al-Hisbah The Islamic state is in charge of responsibility of making arrangements to oversee the implementation of this institution An institution which promotes the proper and forbids the improper ( amr makruf nahi munkar ) Discharges obligations relating divine rights and those relating to rights of the creation 19
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Al-Hisbah Muhtasib (head of al-hisbah ) responsibilities: Facilitate the performance of ibadah: maintenance of mosque, punishing non-observance of shari’ah obligations Implementation of adl in the society Checking of weights and measures: stop widespread fraud/deep-rooted malaise in society 20
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Al-Hisbah Responsibilities: Ensuring availability of essential goods and services Correcting market imperfections and ensuring just prices Checking illegal and fraudulent practices Public utilities: muhtasib could compel the rich to contribute; open to all Ensuring fair wages: employer-employee relationship; ensure sufficient wages to fulfill basic needs; working conditions Checking corruption 21
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APPLICATION OF ISLAMIC CONCEPT OF RESOURCE ALLOCATIONS 22
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RESOURCE ALLOCATION- CONSUMPTION Normative aspects Derived from Quran and sunnah Expected behavioral norms of individuals so that it will be in line with shari’ah rulings Nature of man: greedy and caring; physical and spiritual Rizq / Godly sustenance mentioned in Quran 120 times, provided by Allah is halal (good) and taiyyibat (pure) Provided by Allah, but man must work to obtain rizq 23
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RESOURCE ALLOCATION-CONSUMPTION Normative aspects (continued) A means to achieve falah Reward depending on intention, knowledge and action Adhere to principles of moderation: avoid extravagance, wasting of resources as “Verily, spendthrifts are brothers of the shayatin (devils) and the shaitan is ever ungrateful to his Lord.” (Al-Isra’: 27). Basic principles in consumption Basic needs must be satisfied Not be dependent on others for need fulfilment Needs are not fixed depending on environment and time At times, we must sacrifice our own consumption for the sake of Allah- zakat and sadaqah & hibah (gift) 24
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RESOURCE ALLOCATION- CONSUMPTION Technical aspect Live within means: I = f (C, S, I) Income = consumption + savings + infaq General guide on taking financing/credit facilities: (installment payments/gross income) < 1/3 Easy credit policy and mentality is a trap to be avoided since it is using future income on current spending Consumption financing – car, house, food, entertainment etc. Young bankrupts – credit card culture The cause of US financial crisis – inevitable delinquencies 25
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Normative aspect Stems from WV- i = Man & universe have bi-directional co- existence relationship Extraction of useful particles and resources is one ideological objective of IE Concerns with goals of production and motives through understanding of ethical teachings and imposition of legislation 26 RESOURCE ALLOCATION-PRODUCTION
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