AOA, Sir am student of MSc sociology from AIOU and listening your lecture just an hour before my university exam..... u are simply love 💕

Thank you for taking out the time to share your knowledge with us in such an easy to understand way.

It's great to hear you Dr. Taimur...let's have a discourse someday...

Very well done Professor Sb, you are great. Love the depth and simplicity of your explanations..

Thanks Dr sahib! It looks like you're reading my mind and you make a video on the topic :-) (like this .. and previously when you spoke about Zakat

Very well explained. You make complicated things easier to understand. Zabardast

Mashallah, very good lecture. Thank you for this lecture.

مزہ آیا ۔ ایسا چینل اردو زبان میں فراھم کر کے آپ نے واقعی احسان کیا ہے سر ۔۔

MashaAllah dr. Sahib Aap azim scholar hain. Allah pak Aako umri daraz sihato aafiyat ata farmaay. Asan alfaz main zabardast lecture tha.

Great info shared by you Dr Taimur. Awesome 🤩

Such an insightful and enlightening talk. Thank you.

Amazing Lecture Enjoy it Thanks

Amazing intellectual Lots of love from Kashmir india

سرجی اپ سے چند سوالات ؟ ؟؟؟ (1) اگر آپ لیفٹیسٹو کو اکثریت مل جائے تو اپکا لاحہ عمل آئین کے ساتھ کیا ہوگا, اس آئین جو اسلامی تصور کیا جاتا ہے اس کے ہوتے ہوئے سوشلزم ایمپلیمنٹ ہو سکتا ہے ؟؟؟( 2)کیا سوشلزم کی ایکنامیک پالیسی کو ایمپلیمنٹ کرنے کیلئے جو سیاسی استحکام کے ضرورت ہوتی ہیں جو ون پارٹی سسٹم میں ممکن ہے ؟ پاکستان میں ہوسکتا ہے؟؟ (3) پاکستان میں اسٹیبلشمنٹ سپورٹ کے بغیر اپکی پارٹی اکثریت میں آ سکتی ہے ؟؟ اگر آ بھی جائے تو عالمی اسٹیبلشمنٹ کا ذیلی ادارہ پاکستان میں ہمیشہ ان ہی کے خدمت کرتے چلے آ رہے ہیں (یعنی ہماری فوج) کو لگام ڈال سکے گا ؟؟ (4) اگر سوشلزم ایمپلیمنٹ کرنے کیلئے سیکولرازم ملک میں لازمی (خاصکر آئین) تو اپ مزہبی لوگ کیسے مطمئین کرینگے ؟؟(5) آپ سوشلزم کا کونسا ماڈل پاکستان میں ایمپلیمنٹ کرنا کرینگے ؟؟ کیوبہ, روس, ویتنام یا چائینہ, ان ممالک کا ایکنامک پالیسی بھی ایک دوسرے سے مختلف ہے چائینہ کے بارے میں کہا جاتا ہے کہ پولیٹیکل کمیونسٹ اور ایکنامیکلی اب لیبرل ہو چکا ہے ؟؟؟(6) اگر اج آپ لوگ اکثریت میں آجائے اور سسٹم کو کیپٹلزم سے سوشلزم پہ کنورٹ کرینگے تو پاکستان مسائل کا شکار نہیں ہوگا آئی ایم ایف کے غلامی سے نجات کیسے حاصل ہوگا اتنے قرضوں کے باوجود ؟؟( سرجی اس پر ایک ویلاگ بنائیں)

you are doing a phenomenal job. thank you

Sir Please start uploading these lectures in audio as podcasts. Audio podcasts are much easier to listen to while on the go, or during a walk, etc! Or even while taking notes. It'll be a great help.

This is so amazing.. wonderful to hear you.

it's a great lecture. thanks

Thank you sir! And Kindly address Islamic political system and its assimilation with today's democracy.

Wonderful lecture.learned a lot. observing some of comments made me realize that peoples are so sensitive to Islamic talks even. They just cant accept anything which is out of Islamic boundaries. thank you so much for this profound knowledge

A man and his love can change the world 🌍. Thanks for your contribution

Informative ❤.

Great lecture!

Very concise and simply explained. Good job. ❤❤❤ 💚 💚 💚

Salam sir , I'm just a student of knowledge and history, I've seen many vedios and explained things about history, but I really admire you how you explain all the economic system to us but you have to go further more aspects of Islamic history ecos, because the last part is very short , you have to explain us in detail thanks 💪🇵🇰

It can be called a techno-reductionist explanation of economics. This is by the way the downside of looking at things materialistically. Besides, had islamic economic system been a 'utopia', how did it enable multiple peoples in varying locales for over a millennium. it's not a static system, rather it has adapted itself according to the changing geographies and human locales. it should base on four principles: equal access to economic opportunities; regulation of income disparities; prohibiton on amassment of wealth/gold etc; on ajnaas; and just balance between capital and labour. despite the natural disparity between the desired and actual outcomes, by and large, societies that were governed on these islamic principles have actually fared better than those governed by other systems. for example, look at the societies of south asia (and yes under the Mughals too), north-west africa, and al-andalus representing three different continents. all these societies have collectively prospered and the lay persons were more prosperous (as many have proven, irfan habib, tara Chand in case of india) than their counterparts much later during colonial period. also, because capitalism had not been invented by then and hence there were greater chances of the trickle down of resources in the wake of meagre resources that were required by the ordinary masses to sustain their lives. all these years fuqaha and rulers kept altering their decision making and adjusted according to the needs of the common populace. it's so astonishing that a person of your intellectual calibre, dear professor, thinks that 'islamic system of economics' was a closed static system which didn't have any hermeneutic principles which informed the economic decisions of successive rulers in the islamicate. and perhaps this is the biggest problem of marxism, that it alienates people from their own past for a greater degree of engagement with eurocentric conceptions. that's why walter mignolo says that capitalism and communism are two sides of western imperialism. although the list would be very long, but i'd like to share a few works that might help the honourable professor diversify his perspectives and might enable him to sometimes overcome his ideological and eurocentric biases: Restating Orientalism: A Critique of Modern Knowledge by Wael Hallaq The Darker Side of Western Modernity by Walter Mignolo Science and Civilization in Islam by Syed Hoossein Nasar Jim Alkhalili's BBC4 Documentary on Science and Islam or his book on House of Wisdom Imam Abu Yousaf's Kitab ul Khiraaj (8th Century CE) Hujjatullah il Baligha by Shah Waliullah, Mabhas e Soam on Irtifaqat (you may also access this via Marcia Hermansen's translation The Conclusive Argument from God) Maulana Hifzurehman Seharwi's Islam Ka Iqtisadi Nizam. (How doing a programme by engaging or offering a critique of this text?) You are doing a great service by offering your public pedagogy, but please try to also sometimes deal with paradigmatic and epistemological politics as well. As Mignolo says: I am "where" I think. So it's really very hard to import Marxism (in its various versions) to Pakistan without engaging with the deep pasts of our region. But thanks a lot for your valuable contributions and for the opportunity to engage on these matters.

Islam Doesn't oppose any political Or economic system rather stands as an checker on these systems that these systems don't exploit people.

very informative based on historical facts, learnt a lot

Islam provies the fundamentals of economic system that can fit in any Era of live. They are not stuck to ancient times. You can study "Islam ka Iqtisadi Nizam" by Molana Hifzurehman Siwharwi for better understading of Islamic Princle and Comparision between Socialism and Capitalism

Very Informative

Really interesting topic, really like to understand your comment about Cain And Abel about settlement and nomadic life where did you get that from or is it your analysis

Ap ne bhot acha lecturer dia he

Islam ki yhi sab se brri beauty ha k iska koi specific Govt & economic system nhi... Time k sath system or khud ko evolve krna chye.. Good sir..

Thank you very much taimur bhai for beautiful explanation of islamic economic system tufel mirani🙂

Lecture and comments are both thought provoking!

Dr Taimur may you live forever. I am indeed your virtual student. Learned a lot from you.👍❤

It’s really informative lecture

Excellent lecture!!

Thank you Dr Saab

Good video, especially the introduction. Would have been much better if you could analyse the Iranian economy, as it's the only country in the modern era which is mostly Islamic, and ruled directly by the clerics.

I agree, listening to you free on social media is a treat. 😊

A nice way to inform and explain the evolving of the historical thought and the economics thought in modern times. In your comments that IT industry made homes as work place and it is true. However can we add that the home based industry before the pre industrial revolution times already existed. The home base production were crafts processing such as tailoring clothes, shoemaking, the spindle and looms , carpentering. These, I witness in my home town when I was a boy.

Very beautiful effort of my dear bro

Enjoyed every single bit of this lecture. I categorize your lectures in the following manner: 1. Dr Saab's Lectures to be watched once 2. Dr Saab's Lectures to be watched twice 3. Dr Saab's Lectures to be watched thrice Looks like I'll have to watch this video two more times for such thought stimulating ideas to finally settle in my brain. Thank you for sharing such informative stuff with the world,

From your discussion, some things are lacking. I am not so knowledgeable in this field but my point of view is that as Muslims we are required to follow Islamic moral values, which means we must devise a modern economic system that must not coincide with Islamic moral values. e.g. interest rates. Need is what should be determined to apply basic Islamic values in devising a modern economic system. We can further extend and research about your discussion but should not come to conclusions with negations.

Well explained sir.

is it possible to have a short discussion on this with you? I would like to pilot/simulate the theory in a virtual financial environment with 50-100 families. how to approach you. Thanks! Great Lecture

aoa quiet an informative lecture for me . I was wondering you didnt give any example of "universal laws" you mentioned in last segment of your lecture (which might need some correction) and if I missed it please let me know

Dr asad zaman work is quite reflective

love to listen you.

Mashallah... Very thoughtful ❤

Thanks sir

Sir, you are a very enlightened and realist thinker. As we are very confused like many Muslims who don't find any answer to the lot of contradictions and incompatibility in the technological aspect of Islamic society. As science and technology advanced are we being hindered by its pursuance due to our rigid beliefs. Are we to change our priorities according to the advance scientific and analytical proponents. Can a state run by a system where riba is forbidden then how your trade and business can be done. When you open letter of credit other countries bank will not accept your lc unless a certain interest on the transaction is paid, then what is the solution. Please brief ignorant like us the way to act. God bless You.

You just explained economic history in a concise manner, and its compatibility across different ages. Very less information about islamic economic system

Amazingly explained! One argument which I want to put forward is that, Islam tells us about morals in every aspect of life thus Islam also tells us about economic morals. For example Islam Ordained about zakat, Prohibition of Interest, Prohibition of hoarding and so on, so these are morals and these morals can be alligned with any modern technological system, so Islam doesn't ordained us to duplicate any system of particular era but Ordained us to implement those principles in whatever the technology of present time. So it's more about morals , same is about political system.

Nice talk just want to ask regarding your talk around 32:00 : why Afghans, who had no latest technology in warfare, were able to kick out Britain, Russia and USA?

Very informative and thought provoking. I regularly watch your videos but some Urdu words make them difficult to comprehend. Please give English or Hindi alternative if possible.Thanks a lot for promoting progressive ideas in Indian subcontinent.

Amazing lecture sir you’re great wish to meet you someday

Good effort...

Again with all due respect, as far your emphasis on technology, I have a question. Should the invention of birth control techniques render the institution of marriage and family as obsolete? Lot of confusion in your lecture. And then the same tranlates in your understanding of the Islamic Economics Project.

Thanks doc ❤

Respected sir, kindly explain the composition of economic structure of umaid and abbasid caliphate.

Dr Saab, I want to know -in what way social media which is a amalgamation of personal and impersonal communication - affects the structure of political parties?

Thanks for Educating the nation free of cost ......

Quite informative!

Thank you so much sir

Great video

I watch your every video.. I am doing master in political science at Bolu Abbant Izzet baysal university Turkey.

sir u have great knowledge about economics hum khn se itni knowledge gain kren aap btaskt hn ?

IJTEHAD, i think is the solution for modern problems and technological advancements. But it also needs brains who are well aware of Islamic perspective as well as modern world so they can take decisions which are beneficial in this world and here after. For instance, Cryptocurrency halal or not? I don't think that Ulemas have made any decisions yet.

the full video fails to tell what is Islamic Economic System? why don't tell what is Islamic Economic System and let the viewers decide how much it is applicable or not??

Sorry but as a muslim i have question in my mind if Islamic economic system is the best economic model then why muslim world was in devastating situation before crude oil 🛢 was Discovered in Gulf countries even there were millions of scholars ?

Ok let’s see: Usury/interest unlawful (Quran 2:275) Fiat currency unlawful (Quran 7:85) Fixing prices unlawful (Sunan Abi Dawud 3451) Gambling/speculation ( Quran 5:90-91) Centralised Zakat welfare system (Sahih al-Bukhari 1399, 1400) Modern banking practice of using others money to earn sood unlawful (amanat me khiyanat aur sood) Selling thing you don’t posses like banks unlawful (Ahmed, 15399; al-Nasaa’i, 4613) Justice and moral dealing (message of the whole religion)!!! If this isn’t system then what is it?

I always waited for it

sir one question, in describing the human relationship with the economy, the whole focus here is on the middle east and Europe, what was happening in China, Far East, and Japan.

Asalam o Alaikum , Dear Taimur, by listening to your lecture and witnessing the respectful manner in which you present the loopholes of the system created by the clergy in Islam, it is evident that your knowledge serves as living proof of the harmful consequences of having clergy in Islam instead of relying solely on the Book of Allah as guidance. With that being said, I sincerely appreciate everything - your efforts and the knowledge you share. 1. To truly understand a concept within its proper context, the idea itself holds great importance. However, to genuinely grasp its essence, it becomes even more crucial to build a comprehensive approach that utilizes the content provided by the concept. 2. Policies, as well as the recipes of chemistry and mathematics, are subject to enhancement, change, or even abandonment over time and with advances in technology. However, the fundamental idea of directing ultimate benefits towards sustaining the interconnected ecosystem of all life remains essential to comprehend. Although my knowledge is limited, I am hopeful that I can gain better understanding of what I have just expressed once we have the opportunity to meet in person. If you are interested in engaging in a conversation with someone who may possess less knowledge but more experience-based wisdom and common sense, I would eagerly welcome further discussion.

It’s a very good talk. But you didn’t elaborate the actual change that Islam brought in the then existing economic system on real ethical grounds. That was a real basis of revolution that created an acceptance of the older putrid system working on the inequality and brutality. Islam always provided a logical and acceptable form of the existing system and opened spaces of human development.

Good and informative lecture sir... but it was more of a economic history lecture rather than Islamic economic system. From your conclusion, it seems that Islam prohibits the use of technology/modernity in economics. If that's the case, I think you should come up with part II, where you can explain how unfit are the Islamic economic regulations (Zakat, Interest, deceased will etc.) with current economic paradigm? regards

Allama perwez saib say very clearly about Islamic economic system

Excellent talk. In my opinion, the basic principle that Islam preaches is an interest-free economic system.

What do you think about zakat system and current taxation system?

Very interesting insights in general. How technology and scientific developments influence human relations and reshaping of the society. BUT it would be interesting to have a lecture from another perspective, that is, keeping in view the fact that while initially only the need guided the technology development and that in turn relations, NOW humans have BROADER MORAL , PHILOSOPHICAL principles or framework which get insights from the religion also, AND it at least try to GUIDE some extreme aspects of scientific development like GENES MODIFICATION etc. Also now ( NOW means since the time humans have pondered and developed some moral principals be it religion, or be it philosophy like Greeks (actually religions are also philosophies and take form of religion because masses may not grasp that as philosophy)). So how that CONSCIOUS counter effort can shape a society.... Here come the discussion of how Islamic ECONOMIC PRINCIPLES if followed will shape a society or economy. May be exactly that is why its not a system but principles and IF these are followed how they will effect a system. Therefore still another lecture on how an interest free system and Zakat can be implemented and if it can exist alongside an interest based system in the world, how they deal with one another. What an economy would look like in the long term if based on interest free system. How a banking system would even look like had it ( if at all ) emerged in an islamic system? How an economy would like and what implications will be there if no interest ?? Intriguing questions come to ones mind.

Dear Taimur, have you been through " IQTESADUNA" of Baqir us Sadr from Iraq on critics of rest of economic system and also on Islamic Eco System. I need your review about that.. thanks

Hi, Its a nice and informative lecture and I agree to most of the things. One thing I would like to clarify (which is the underlying misconception for most) is that Islam gives us top level rules and principals and then its up to us to use them as per the Technological Basis, Forms of Property, Forms of Service & Surplus etc. Once those principals are followed, Islamic Economic System will prevail and beneficial to the humanity for yesterday, today & times to come. Dr. Israr RA has explained them in great details in his lecture series "Khutbaat e Khilafat". You can search them on YT. Here is the jist of it: -------------- 4 Cardinal Financial Principals of Islamic Economic System in Islam At Spiritual Level: - Negation of all human ownership (while you could be legal owner, You are trustee of it, from Allah) - امانہ - Whatever you earn, its not with your power. Its basically Allah's Grace - فضل - Your actual right on your own money is what you need out of it. Rest is for others and Allah has bestowed you with it as test - جائز حق - Whatever is more than your needs, give it away - انفاق At Legal Level: - Controlled and Internally Managed Capitalism (Best of both worlds Capitalism & Socialism) - Personal Ownership (Home, Business,etc.) at legal level is acceptable - Zakat for the wealthy - Sood (Only Money makes money) is Forbidden - حرام - Gambling is Forbidden - Selling via Inflammation of the lower emotions - سفلی جذبات بھڑکانا - Selling Drugs/Alcohol/Forbidden items is Forbidden - In case of Sleeping Partner, the loss is not to be bear by Working Partner, rather the investor In Islamic Economic System, at one side Capitalism is accepted (with some limitations) Free Economy, Market Economy, Forces of the Market, Non-Controlled rates, Incentives to grow Economy and on the other side, its evils are mitigated i.e. Interest, Fixed Profite etc. are forbidden.

AoA Sir I hope you are doing well. I have a question about the concept of economy in traditional religion. I read a book of Yuval Noah Harri that is 21 lesson of 21th century. In this book, he says that the traditional religion as Christainty, Islam And Hinduism have method of economy system but they do not have up to date models of economy. So these religions have failed in this modern era. So is the up to date model of economy in Islam present or not ?

Economic history elaborated in smooth way....learning way

Sir What about Marxism/Communism ? Isn't it connected with technology?

sir, would u please shorten ur lectures or at-least keep bookmarks so that we can skip? u r such a great prof but i am always in a hurry to study main Qs :(

Assalam u alaikum sir Sir I am from Lahore and I am a student of philosophy and now I want to learn from you

Thank you

Outstanding

Sir, please do not drown us in a sea of confusion. Once you define what is an Economic System, would you stop there and advise us on what is the Islamic classical stance on all these attributes of an economic system as you define it.

Excellent discussion. But we have to understand about the philosophy of islamic teachings. Acc to my understanding, we can divide the teachings/ruling of islam in two main groups. First, group consists of those teachings that are constant for 1400 years, for eg. Number of prayers, Hajj, Zakat, etc. And the second group has those teachings that are mosifiable we call it ijtihaad. For eg slavery that was prevalent in the Prophet' SAWW era is now obsolete. So, economic system of islam is kore related to the second group. In which we have certain rulings about how trade should be done, who should possess private property, what should be under state property. Etc etc.( Ofcourse I m not mujtahid, but I believe if we use these certain teachings, do intihad in current scenario, and make a economic system according to teachings of islam, it would be a mixture of both capitalism and socialism/communism.

Sir you are gem of wisdom ❤️

The major question i would like to ask from you here is that basically how you are trying to define the ECONOMIC SYSTEM ,, Can you please put the basic pilar/prinicples of a Economic system so that we will then compare things.. I can't imagine that a person whom I think have a wast knowledge of Economic system and the best solutions skipped to present those things. I would be very happy that if you share the basic pilars/principles of the BEST System in your consideration+ How you define a Ecoomix system?

Such a good lecture and the way you explained this is extraordinary...

29:00 I think ethics which you mentioned is the bases for Islamic economic system is still as much relevant as before. Like "Dr. Taimur Rahman" is struggling against "Capitalism" is truly what "ethics" are.

Can someone mentions the name of the book he suggested to read regarding the Agricultural history?

Respected Sir. During many discussions with my colleagues and students when they talk about the Islamic economic system they refer to the time of the Muhammad SAW and Four Caliph, not to the Abbasid or Umayyad dynasties' time frame can you kindly clarify which kind of economic system was there at the time of Muhammad SAW and the Four caliphs was it astatic economic system or ancient society antiquity economic system or some unique Islamic Economic system. Secondly what type of economic system was discussed by Ibn Khaldoon and how he answered the central economic problem?

Inventions pe videos banaye ham kise markit me product la sakte hai