Shadee Elmasry – Medinah Economics Is Islam ProCapitalism

Shadee Elmasry
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The speaker discusses the importance of Islam and the prophets in relation to existence and life. They also talk about the idea of "medicure" and the importance of the Prophet peace be. The speaker emphasizes the need for legal regulations and a focus on the values of Islam.

AI: Summary ©

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