The Desired Economic Style of Life in Islam (A Functional Analysis)

The schools of thought of economy have suggested different analysis of the function of economic style of life. In what follows, the authors have critically examined the function of the desired economic style of life in contrast to that of a welfare-committed government. According to the preferred theory of the article, the Islamic style of life of economy encourages useful production, sufficient but not extravagant consumption, and donating the extra; this economy works more efficiently fairly and enduringly than that of a welfare-committed government. According to the research data, for its parallel encouragement in both production and consumption, the style of life a welfarecommitted economy puts much pressure on the economic resources that leads to constant lacks of redistribution. On the contrary, the Islamic style of life of economy concurrently encourages useful production and donating the extra for the sake of Allah and controls consumption in limits of sufficiency. This pattern not only multiplies the efficiency and helps preserve the bioenvironmental resources, but also relocate the extra production of the rich to the poor through the least expenses thus helping establish a fair and just distribution. As a result, the Islamic style of life of economy is much better than that of a welfare-committed government, for the concurrent efficiency justice and endurance.