Iqtisaduna- Our Economics- Baqir As Sadr

COMPLETE SET - 4 Volumes in 2 Books

Our Economy must be seen as the first comprehensive analytic book in economic which written by an Islamic viewpoint. al-Sadr used legal Hukm (rulings) to provide an economic philosophy.  Our Economy written under three headlines: Principles and methods, Distributions and the factors of production, and Distribution and justice. The book consists of three parts: the two first parts show that Islam has answers to problems of the modern world by presenting an Islamic alternative to both capitalism and socialism. In the third part, al-Sadr explains the Islamic economy conception.[5]

Al-Sadr book consists of Islamic economics theory which has differences with other theories. This theory is practical economic problems in line with its concept of justice. Islamic economic is a doctrine and justice has a critical role in this doctrine. Islamic economic included 'every basic rule of economic life connected with its ideology of social justice'. This doctrine based on Islamic beliefs, laws, sentiments, concepts and definitions drives from the sources of Islam.

The first parts of Iqtisaduna are dedicated to the discussion of historical materialism such as Marxism, socialism, communism, and capitalism, with historical materialism. Al-Sadr rejects socialism on the basis that Islam distinguishes between the individual and the ruler in an Islamic state in a manner that requires a distinction between private and public property. However, he also rejects capitalism's notion that private property is justified in its own right, arguing instead that both private and public property originate from God, and that the rights and obligations of both private individuals and rulers are therefore dictated by Islam. He also rejects the conclusion that this makes Islamic economics a mixture between capitalism and socialism, arguing that capitalism and socialism each come about as the natural conclusion of certain ideologies, while Islamic economics comes about as the natural conclusion of Islamic ideology and therefore is justified entirely independently of other systems of economics.