Shadee Elmasry – Medinah Economics Is Islam ProCapitalism
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He asked about was the early governments in the Muslim
countries like laissez faire? What's the economic model for
them? You know, like the control how much how often and how
overbearing was the government? So I my answer to that was two parts.
Firstly, the prophets way with governance was always whatever is
the government that exists as it is, as was he never actually
interfered in any method of governance, right. So, in Bahrain,
they had their own methods, he didn't interfere, right. In other
parts, he didn't interfere. But if you notice, the idea of Revelation
is that the law is so public, right? And it's connected with the
reason for existence or the purpose of life, right, which is
to please the Creator, and have a strong connection with your
Creator. So the law is recited three times a day out loud. Jamal
culpa, the concepts of piety, purpose of life and the law, are
all intertwined, the social law are all intertwined. And what is
the result? The result is in a society that has an increased, not
total, it's never going to be total, increased amount of self.
What's the worst? So self policing, self policing, right? We
police ourselves, and we don't police ourselves, just for the
sake of the law. We police ourselves because the joy of
existence and life and the joy of afterlife is dependent upon
following these certain rules. Right? And when you bring in
Islamic spirituality, right, the joy of Islamic spirituality and
the serenity that people get from that is ruined by breaking these
laws. Right. So no one wants to see this. So that's one thing. So
that's the overwhelming idea. The other idea was that the Omega IDs
that bass is other rules. They didn't they weren't totally
involved. For another reason, which is like a manpower like they
couldn't. Abu Hanifa for example, in mo Hanifa, de la Jalan.
He was, he served as people used to come to Him for for rulings,
right. He was not an official judge, if you look at his
biography, never worked as an official judge. There was an Omega
judge at the time, right. Or best judge at the time. They didn't go
to that messenger, the official judge, they never went to the
official judge. Right? They viewed him as a puppet. Right? And it
wasn't because they were following the nafs. And therefore I'm
shopping Exactly. They went to the Imam that they really believed was
the keeper of the religion. Abu Hanifa. Right. So that judge was
sitting there actually, that judge took effect with Abu Hanifa. He
said, and he's just a jerk. He's just an employee. He's not like
he's a corrupt ruler. He's just an employee. He said, It's a member
Hanifa he said, Nobody comes to me, they all come to you is my
earning Hello, right? Because I'm literally doing nothing all day.
So that goes to show that it worked, and it
says it doesn't do
maybe, maybe, maybe, maybe in law firms. It guys, as ironic as it
is, I work for a company that makes law software, so you don't
do anything.
No, that's not true. But
But
my question to that is, then, you know, maybe we need to preface
this with a little bit of explanation. But is, does that
mean that, you know, Islam is like pro capitalism? Actually, if you
want a capitalist type of Hadith that people want to talk about?
The Prophet peace be upon him, said, I thought about regulating
the prices. Then I said, leave it to what Allah decrees. So if you
want to talk about regulating prices, right, which is important
issue, right there across the minds of the Prophet size center,
and he said, I'll leave it to Allah. I saw another rewire where
someone came to the Prophet because there was like,
like, there was a some crop didn't work out too well. So the prices
were high on that, because supply and demand, right?
And they said, put a cap on the price of you know, the dates or
the barley or whatever it was, and the Prophet sallallahu alayhi wa
salam in every way said, Allah decrees these things. And I
wouldn't want on the day of judgment for someone meaning one
of the merchants to say something against me so that I harm them
somehow. So I never heard that hadith.
And also the idea of business itself being if you look at this
hava a completely moral and find nothing there's nothing wrong with
it. I'm talking about anything I've said off men been a fan. It
was said about him that he would be sitting on the member waiting
for to start drama, asking about the prices right now. He wasn't
asking about the prices so that he could buy and sell. He's asking
about the prices of things for the well being of the people. Right,
right. So he wants to know the prices here you have the
Khalifa of the Muslims.
From the 10 greatest from the four greatest of believers at the
moment in the mosque, about to pray Jama on the most holy moment
of the week, and he's asking about prices, right? So in Christianity,
you'll never have something like that. Right? Right. It is a
completely spiritual, otherworldly religion. Islam actually views
business and I think I'd like to talk about business. I love
talking about business, because people think business is a profane
thing. Right? On the contracts contract the best profession,
right? Yeah, these are the prophets of Allah. Why the
Prophet peace be Vaughn said nine tenths, right nine tenths of the
risks that Allah sends down, is funneled to traders to merchants
and I'll tell you why buying and selling, buying and selling
because they have risk. And if you look,
there is no inventor who changed the world by himself.