Islamic Economic System | Principles, Islamic Banking & Comparison with Capitalism and Communism

Islamic Economic System | A Complete Islamic Perspective on Economy & Society In this comprehensive lecture, Muhammad Shahrukh Niazi (PMS Officer & PhD Scholar) explains the foundations of the Islamic Economic System, its objectives, principles, and practical applications in modern society. The lecture highlights how Islam promotes economic justice, social welfare, ethical business practices, and balanced wealth distribution. It also explores the concepts of Islamic Banking, taxation in Islam, and a comparative analysis of Islam, Capitalism, and Communism from an economic perspective. Topics Covered: ✅ Fundamentals of the Islamic Economic System ✅ Economic Justice and Social Welfare ✅ Prohibition of Riba (Interest) ✅ Gharar, Maisir and Qimar in Islamic Economics ✅ Islamic Taxation System (Zakat, Ushr, Kharaj, Jizya & Waqf) ✅ Responsibilities of the Islamic State ✅ Poverty Alleviation and Wealth Distribution ✅ Islamic Banking and Finance ✅ Islamic Banking vs Conventional Banking ✅ Islam vs Capitalism vs Communism ✅ Relevance of Islamic Economics in the Modern World ✅ CSS, PMS & Competitive Exam Perspective This lecture is highly beneficial for CSS, PMS, Islamic Studies, Economics, Political Science, Public Administration, International Relations, and General Knowledge aspirants. 🎓 Instructor: Muhammad Shahrukh Niazi 📚 PhD Scholar | PMS Officer ⸻ 📺 YouTube: CivilOfficersAcademy 📸 Instagram: Civil_Officers_Academy 📘 Facebook: Civil Officers Academy 📱 WhatsApp: 03328883507 ⸻ Hashtags #IslamicEconomicSystem #IslamicEconomics #IslamicBanking #IslamicStudies #CSS2026 #PMS2026 #CSSPreparation #PMSPreparation #IslamicFinance #Riba #Zakat #IslamicBankingVsConventionalBanking #Capitalism #Communism #EconomicJustice #IslamicLaw #CivilOfficersAcademy #MuhammadShahrukhNiazi #CompetitiveExams #IslamicStudiesPakistan