A quick look at the flaws in the capitalist and socialist systems and the Islamic economics moral solutions for these problems

With the current speed of globalization, economic relations among countries have gained special daily attention. Continuing this great global transformation requires a safe and relaxed atmosphere. If a country aims to provide the welfare of the people and also to have a sound economic system, economic ethics is an essential condition. Human society usually has been grappling with extremism. Before the economics become like a current modern science, the economics was taught as a branch of ethics. But then gradually distanced from morality, as many experts tried to completely separate economics from morality and religion that created a great deal of loss for human society. Gradually, some economists such as Keynes, Robinson, Sraffa, Myrdal, Schumpeter and Hayek criticized the separation of economics from morality.That is why in recent decades, a new trend in Europe and America was created toward ethics and this must be good thing. But there are fears that a new orientation will be more towards profit-seeking ethics. The reason is clear, the system of liberal capitalism and communism do not have a correct interpretation of human-kind and his true perfection. While broad economic teachings of Islam is mixed with moral values from the beginning. Given that one of the main problems of the current economics in the modern world, is the ethical problems within these economic systems and considering that the foundation of Islamic economics is based on the moral and religious laws and rulings, therefore, it is essential to challenge both above-mentioned ethical problems within the Islamic economic system. It should be mentioned, that the methodology used in this article is based on applying the descriptive method.