Shadee Elmasry – Medinah Economics Is Islam ProCapitalism

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.