5 Ways Islam Overcomes The Monopoly

Slams enacting principles having differences in material gain. Islam does not approve of having wealth as a monopoly of a particular individual. That is why Islamic rule can bridge the gap between the rich and the poor.

Islam wants to prevent the rich from oppressing the poor, and improve people’s standard of living.

All of this will help create stability and a shield against hostility and friction between members of the same community.

That is why Islam unequivocally condemns that wealth must be under the control of some individuals to the detriment of the majority.

Some of the steps below can prevent a group or someone from monopolizing wealth, namely as follows:

The First Ways, Islam Overcomes The Monopoly

it prohibits all means of investing in unauthorized money, such as usury or interest, wealth monopolies, fraudulent transactions, unlawful trading, and so on.

The motive behind this ban is to limit the act of investing money so as not to widen the gap between the rich and the poor.

The Second Way

order zakat (obligatory alms) on the rich to take a portion of their wealth and give it to the poor.

The zakat system, established by Islam, is simply to help the poor find a means of sustenance through what they receive from zakat, either in the form of annual payments or by providing them with permanent financial security.

The Third Ways

in addition to zakat, Islam also orders the rich some other financial assistance, such as taking care of relatives, fulfilling religious oaths and obligations of redemption (for lawlessness), and al-udhiyah (or sacrifice on Eid al-Adha which is considered obligatory by Hanafi jurists).

In addition, it is also good neighborliness and maintaining kinship, good hospitality, feeding the poor, helping the distressed, releasing prisoners, providing medical care for the sick and helping in the event of disasters, such as war, famine and so on.

The Fourth Ways

islamic inheritance rules are also an indirect way to have a fair distribution of wealth. It also has the same function applies to people who have no part in one’s inheritance. This was obligatory according to some early Muslim scholars based on allah’s word صلى الله عليي وسلم surat Al Baqarah verse 180:

كُتِبَ عَلَيْكُمْ إِذَا حَضَرَ أَحَدَكُمُ الْمَوْتُ إِنْ تَرَكَ خَيْرًا الْوَصِيَّةُ لِلْوَالِدَيْنِ وَالْأَقْرَبِينَ بِالْمَعْرُوفِ ۖ حَقًّا عَلَى الْمُتَّقِينَ

“It is obligatory upon you, when death is to invite one among you, if he leaves property, to be responsible for both parents and relatives in a good way, (as) an obligation to those who fear.”

Who Is Muhajirin And Ansar ? (History Of Islam)

The last Ways, Islam Overcomes The Monopoly

in addition, Islam gives a Muslim leader the freedom to intervene in creating economic balance by distributing some of the public property to some people who are in dire need of assistance. This is clearly different from the confiscation of property, which is also lawful if you follow the guidance of Islam.

We have a good example in the Prophet Muhammad صلى الله عليي وسلم in this aspect. Incidentally the Prophet distributed al-fay’ (i.e. the spoils of war received without fighting) belonging to Bani Nadzir, only to muhajirin not including Anshar except for two Ansari people who happened to be very poor.

Allah جل جلالل lowered the Quranic verse in support of the actions of the Prophet Muhammad صلى الله عليي وسلم Al-Hasyr verse 7:

مَا أَفَاءَ اللَّهُ عَلَىٰ رَسُولِهِ مِنْ أَهْلِ الْقُرَىٰ فَلِلَّهِ وَلِلرَّسُولِ وَلِذِي الْقُرْبَىٰ وَالْيَتَامَىٰ وَالْمَسَاكِينِ وَابْنِ السَّبِيلِ كَيْ لَا يَكُونَ دُولَةً بَيْنَ الْأَغْنِيَاءِ مِنْكُمْ ۚ وَمَا آتَاكُمُ الرَّسُولُ فَخُذُوهُ وَمَا نَهَاكُمْ عَنْهُ فَانْتَهُوا ۚ وَاتَّقُوا اللَّهَ ۖ إِنَّ اللَّهَ شَدِيدُ الْعِقَابِ

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