Access to Finance from Islamic view ! Lack of access of the - TopicsExpress

Access to Finance from Islamic view ! Lack of access of the poor to finance is undoubtedly the most crucial factor in the failure to bring about a broad-based ownership of businesses and industries and thereby realize the egalitarian objectives of Islam. Unless effective measures are taken to remove this drawback, a better and widespread educational system will only help raise efficiency and incomes but be ineffective in substantially reducing the inequalities of wealth. This would render meaningless the talk of creating an egalitarian Islamic society. Fortunately, Islam has a clear advantage here over both capitalism and socialism on account of a financial system which is built into its value system and which provides biting power to its objective of socio-economic justice.

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